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Emerging mkts strengthening further as Russia, Korea breaking out

Mild gains in both US futures and Europe while Emerging mkts continuing to gain ground world-wide as the threat of higher US rates for Sept remains near 35% or lower.  A couple interesting markets to look at this morning as Korea, Russia breaking out, while China extending its gains- HSCEI-  EWY, RSX a couple ETFs to consider on the long side here, while FXI still bullish but extended-  US Dollar showing mild losses, while bond mkt gaining this am, with fractional yield weakness in US and more so in Germany as Bund yields fall down to -0.08%.. and Gains in Gold this am along with other industrial metals after recent declines in August-   Trend for US equities along with Bonds remains Neutral since mid-July, but prices look to extend to highs given recent strength seen last Friday in S&P, as Financials, Technology outperform while Healthcare, Discretionary have weakened. but Asia strength is much more interesting technically right now, as Taiwan, China, Korea all extending and Emerging mkts index hitting highest levels in more than a year,  breaking out vs Developed markets in the process-  For today.. 2165-7 initial support then 2155-6, while on upside-  2186-7, then 2191-2-  Gainers in pre-mkt trading: CLCD, NAVB, CPHD, NAV, SE, REN, DDD, BKS, FNSR, GT, while on downside: TNXP, KPTI, SCOR, BTX, and MRVL-   Today's Weekly Technical Perspective, sent out around 5:30, discusses Sectors and near-term technical trends for the major 10-  Let me know if I can answer any questions- Ty

 

MSCI Emerging mkts index with sharp gains over last couple days - Additional gains back to new highs seem likely given what's happening with China, Brazil, Russia, Korea