Using pivots and moving averages, I thought EEM looked like a great way to add long exposure later in the rally. To be clear, I have been bullish on stocks from 6/28 on and especially after 7/6. See previous posts for all this.

But from 8/3 on, EEM (and FXI which I didn't mention) has been one of the best things to own.

8/3 SPY Daily: "SPX set below, along with an EEM chart with a several moving averages for your consideration - the ones in play are a rising 20MA in orange, and a flattening 400MA in thick brown (400 daily = 20 monthly, approximately). Hint: EEM chart looks like great risk-reward buy here with clear lift from YP, lifting from nicely rising daily 20MA, clearing daily 400MA slightly. My idea is to hold larger position above the D400, and decent position above the YP."

Truth be told I trimmed a bit early at the triple resistance cluster of the AugR1, 2HR1 and Q3R2, and may have missed the high. I'll hold the rest above the 2HR1 and may hedge under that.