Direxion Daily Emrg Mrkts Bear 3X Shares (EDZ) (EDZ)

[str8_chuter]

The EM's got the flu bug it seems. The $USD flu. So far doesn't look like a cure is coming from Powell either.

The only EM index that's still hanging on is Bombay. The chart of $BSE is the only one still rising but India is just 9% of the MSCI EMI. Only 1 Indian company in the top 10 holdings, Reliance Industries, and it comprises less than 1% of the index.

57% of the fund is China, South Korea and Taiwan. Stick a fork in all three of them, they're done. Number 1 position is TenCent Holdings, just under 5% of the index.

EDZ chart as bullish as it gets off the January low at 33.30. Bounced nicely off the 9-week MA this week.