Emerging Markets Mixed
12/21/2009 9:21 am EST
Looking at the individual emerging markets last week, the action was definitely mixed as several were up or down 3%. The emerging markets ETF (EEM) closed just above the daily uptrend, but below the 50-day MA. Additional support lies in the $37.50-$38.50 area with the 200-day MA now at $34.40.