As I mentioned two days ago, the emerging markets were reaching an important supporting trendline. It nailed it pretty much to the pixel and is going through an oh-so-predictable bounce. The year’s action on EEM has been comically consistent.
On a separate note, I covered my DUST short yesterday for about a 12% profit. I would have made a little more waiting for that gap I mentioned, but, hey, I slept more soundly.
