Tuesday, January 09, 2007

EEM Breaks It's 50 Day Moving Average



A few days ago I posted my reasons as to why I am bearish on EEM. I shorted the open today and plan on holding this trade for awhile assuming nothing crazy happens. EEM sold off rather sharply closing down over 2% today on heavy volume and closed below its 50 day moving average.

Posted by Kevin

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1 comment:

Mike said...

Great post on EEM the other day, liked what I saw and jumped on it it @111.00, shorted more today when it broke the 50 day, got my stops in, lets see where it takes us. Thanks for the idea, we look forward to your blog everyday.

6:59 PM

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