EEM (Emerging Markets ETF) Outlook for October 27, 2014

The Emerging Markets ETF (EEM) rebounded from recent 6-month lows @ 40, but is still trading way below its 200-day MA, which indicates the terrible technical picture.

EEM ETF, daily chart

eem_20141027

Chart courtesy of http://www.stockcharts.com

Russia and Brazil have been hit the hardest lately.

Russia RTSI Index, daily chart:

RTSI(Daily)20141025114645

Brazil BOVESPA Index, daily chart:

Bovespa(Daily)20141025114631

Charts courtesy of http://www.investing.com

Losses in China and India have been more modest lately.

China SHANGHAI COMPOSITE Index, daily chart:

Shanghai Composite(Daily)20141025114703

India CNX-100 Index, daily chart:

CNX 100(Daily)20141025133310

Charts courtesy of http://www.investing.com

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