So it seems a strong US Dollar has been bad for global stock market ETFs due to local currencies exposure. This has damaged the bullish trends in otherwise strong economies and the team here at All Star Charts has been looking to identify the global ETFs that are holding up best and likely to lead when currency headwinds abate.
A favorite to lead the charge is the iShares Emerging Markets ETF — $EEM. Tom Bruni likes the bull thesis here, but I’m not so sure it’ll be that easy. Have no fear, I’ve got the perfect way to play our contradicting opinions with options.