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.