Monday, October 11, 2010

Chart of the Day - MSCI Emerging Markets

MSCI Emerging Markets is trending up but an important price and time confluence might be strong resistance to pass.

In the chart below we see the relative performance of S&P500 against MSCI Emerging Markets. The strong downtrend since 2001 was briefly interrupted in 2008 but resumed shortly after showing continued strong emerging markets overperformance.

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