Brazil China And Emerging Markets Hold Major Support

China (FXI), Brazil (EWZ) and the entire Emerging Market MSCI Index (EEM) have bounced off of major technical support levels that reach back to 2006.  This is coinciding with the rebound in commodity stocks.  They should all move higher from here.

Brazil

The EWZ has been one of the leading ETFs in terms of performance for the past several years. After the worst recession in the US in 70 years, this ETF is almost retesting its old highs. A snapshot of a growing economy.