Emerging markets look increasingly bullish with each passing day. It was only three weeks ago that emerging markets were bullish enough to call for an official breakout. With that, our emerging markets forecast for 2017 proves to be accurate, as well as our call that emerging markets would become the investment of 2017.
As said, emerging markets look more bullish with the day. And they are only 6 percent away from a major event: a secular breakout. If that materializes, it would be MAJOR news, and, guess what, financial media will not be talking about it!
InvestingHaven is committed to bring the really important news to its readers. A breakout above 42 points in EEM will be significant for global stock market investors, as that would trigger an important BUY signal.
What InvestingHaven most bullish about emerging markets currently is the extremely long consolidation period. The saying goes that the longer the consolidation the stronger the trend that follows afterwards. In other words, if emerging markets break out, the bullish trend that will follow will be very, very strong!
Although investors should anticipate but rather follow what is happening in the market and on the chart, it is recommended to set up a shortlist for once a breakout or breakdown materializes. Preparing a shortlist is different than taking positions before a buy or sell signal. From that perspective, we identified 5 emerging markets to buy in 2017 and 2018.
The emerging markets that look most bullish: India, South Korea, Taiwan, Chile, China. By far our favorite emerging market is India, followed by South Korea, Taiwan and China. Chile has the potential to become very bullish, but it’s not yet at this point.
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