What often gets lost in the shuffle between whether or not to buy emerging market stocks is the fact that there are several important components within the group. Emerging markets aren’t just one thing. They are a collection of major markets around the world that are not yet fully developed.
Today we’re talking about the structural breakout we’re seeing in shares of the India Exchange Traded Fund $INDY. Look at the former highs in 2011 that were tested again in early 2015. This year prices were finally able to break out above that key resistance to begin a new leg higher. These are characteristics of uptrends, not downtrends. The weekly bar chart tells the story well: [Read more…]