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Wednesday, July 30, 2014

China and EMs - going up?!?


I read somewhere last night that a whole pile of money has flooded into EM ETFs recently.

Charts:

EEM is moving up, but on decreasing volume. Does it drop back down soon? RSI says maybe.

And how much of this is a contribution from the Nifty 50? We know a pile of Western money has flooded into India recently.



China all-cap is getting mighty stroppy here. Is that supposed to be good for gold, you think? Chinese getting wealthier? I mean, they like to buy gold, no? And the "hard landing" was going to be bad for gold, wasn't it?

Or is this also overbought and about to drop back down? RSI says yes.


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