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Emerging Markets Continue To Surge

|Includes: iShares MSCI Emerging Markets ETF (EEM), EWZ, FXI

Since the spring I have been keying on emerging markets. There are a number of emerging markets that continue to churn higher.

Capturing the group's trend, EEM continues moving upward since breaking above resistance a few months ago.

The same positive behavior is also visible in the Brazil ETF, EWZ.

Perhaps most surprising to me is the bullish action from China (NYSEARCA:FXI) last week. A very strong break above resistance would seem to bode well for China, and perhaps copper (JJC) and the global economy as well.

Disclosure: The author is long EWZ.