The Emerging Markets ETF (EEM) continues to post new highs today. The SCTR ranking has moved into the cherished top quartile, and the EEM segment looks to be powering higher.
Although the SCTR broke out in early July into the top quartile, the ETF traded between $43 and $45 since then. Today marks a new breakout from that range.
Good trading,
Greg Schnell, CMT
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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