You can't make it up folks. I said in 2016 that the emerging markets made a generational bottom. Next leg up starts here.

In 2016 the EEM was left for dead, along with the Euro and many other things that were anti-dollar. Sentiment is an amazing thing. You can see what EEM did over the next 24 months to those that thought the dollar was king at 103.

Once Wall Street became a BULL ORGY on emerging markets at the beginning of 2018 I knew we were in some trouble. You can see for the last 9 months that EEM has basically gone straight back down to the prior breakout and MAJOR decade long support around 41.

Now that Wall Street has puke up the short dollar thesis for good and back to being long the dollar, and after they have puked up the emerging markets rally they were long at the beginning of the year, it is time to go balls to the wall long EEM here. I am actually pissed I missed allocating my 20% remaining into this 48 hours ago, but this is only just beginning folks. I am trying to scrounge peanuts here compared to the bigger move.

Dollar Down - Emerging Markets Up - Metals Up - Crypto Up

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by heyimsnuffles