Chart of the day: Are emerging markets building another base


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Do the charts indicate emerging markets building another base against domestic markets for a rally?  If it wasn't on the eve of May I'd feel pretty certain.

Even still sentiment in emerging markets ( EEM , quote ) vs. domestic markets ( SPY , quote ) as of Thursday of last week was low as it had been since the bottom of emerging markets in 2009.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks

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