Emerging Markets Turn Lower

04/28/2009 9:22 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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The world markets, and especially the emerging markets, have been hit with selling as fears about a swine flu pandemic spread globally. The emerging markets ETF (EEM) reached the 200-day MA last week and gapped lower on Monday. Another lower opening is likely Tuesday. Next good support is in the $24-$25 area, with major support at $20.