Seeking Alpha

John Furlan's  Instablog

John Furlan
214 Followers
1 Following
Send Message
John Furlan has been familiar with financial markets for many of the past thirty years. Please contact him at jf09sa@gmail.com.
My blog:
What's Changing
  • Emerging Markets Are Not Advancing, Contrary to Bloomberg Headline 0 comments
    Feb 3, 2010 2:43 PM | about stocks: EEM, ILF, EWZ, ACWI
    A headline on Bloomberg.com's home page right now says:  European, U.S. Stocks Retreat as Dollar, Emerging-Market Equities Advance

    Emerging markets are not advancing today, EEM is down -0.58% right now.  More importantly, their failure so far to significantly advance after their recent sharp decline should be increasingly worrisome for market bulls, since emerging market economies and markets have been leading the world, see my Jan 23 article (Jan 21 Instablog) "Emerging Markets Leading Global Markets Down, as They Did Going Up," and my Feb 3 article, "Korea Indicators 'Hit Peak Growth'".

    In the relative strength charts below, I compare various emerging market etfs to ACWI, MSCI All Country World Index etf, which I use as my real-time proxy for global equities.  Emerging markets have lost a lot of global relative strength in recent weeks, that is the key point, so much so that their relative strength lines went below their 100-day ema's for the first time since early 2009.

      LEFT CLICKS ON CHARTS TO ENLARGE.













    Themes: Market Outlook, Latin America Stocks: EEM, ILF, EWZ, ACWI
Back To John Furlan's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

StockTalks

  • On my Instablog, XLF holding critical support. OIH, QQQ up, EEM down, disconnect of energy, tech dependence on emerging markets. Charts.
    Jan 26, 2010
  • I just posted a series of charts on my Instablog showing AAPL vs GOOG, XLK, QQQ, SPY, and ACWI.
    Jan 25, 2010
  • Bullish in 2009, 1/19 wrote "First Key Decision Point Imminent" on 1/21, see last Instablog "Emerging Markets," submitted but not published
    Jan 22, 2010
More »

Latest Comments


Most Commented
Posts by Themes
Asia, China, Eastern Europe, Economy, Energy, ETFs, Financial, Global Markets, India, Latin America, Market Outlook, market outlook, Market Outlook Today's Market, Materials, Metals, Networking, Retail, Sector ETFs, Sector ETFs , Semis, Technical Analysis, Technology, today's market, Today's Market, Today's Markets
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.