Emerging markets, as hinted at by EEM and FXI (China), weekly bars, looks promising. The recent trading volumes in FXI, and the price action, indicate we could be in for some major moves up.
Suggested risk is about $1.5 per share in EEM and $1.8 per share in FXI. It might sound too “wide” a stop for some traders with a time frame but I employ weekly price bars and recent daily trading volume. EEM and FXI’s approximate stop-loss premiums present a manageable “risk/reward” premium I think.