Emerging Markets Are Still Strong

10/14/2009 9:39 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

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The emerging markets have acted strong as EEM, an emerging markets ETF, has made new closing highs this week and continues to act well. The potential rising wedge formation is a bit concerning, but the weekly analysis is positive. Next upside targets are in the $41.50-$42.50 area with support at $37-$38.

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