Let’s take a look at Eastern european markets. More than 30% recovery for past month is positive but technicals look a bit tired here , anyway there is still room this rally to continue for a month or so despite overbought conditions. After that? There is nice general trading rule which says “SELL IN MAY AND GO AWAY” 🙂
Emerging-market exchange-traded funds attracted $1.6 billion of net inflows in the week ended March 25, signaling hedge funds are using the securities to “quickly raise risk levels,” according to Bank of America Corp.
Here is graph of DB Fund Central Europe and Russia
Identical picture showing S&P Emerging Europe ETF