Markets that have rallied the most (within their respective groups) on a percentage basis this past week (showing percentage-gained above the zero level, as opposed to most of them being in the percentage-lost category, on a Year-to-Date basis):
EEM (Emerging Markets ETF)
China's Shanghai Index
Canada's TSX Index
Austrailia's AORD Index
So, the questions is, is this a serious attempt to bottom out, or simply some short-covering before the end of the year? Their performance next year may hold the key to overall global strength or weakness...particularly, Oil, the U.S. $, Emerging Markets, and China.
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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Nov. 29 @ 2:00 pm ET ~ FOMC Meeting Minutes
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* Fri. Dec. 7 @ 8:30 am ET ~ Employment Data
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* Fri. Dec. 21 @ 3:30 am ET ~ German Manufacturing PMI (watch for a drop below 50)
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