Market Summary

The weekly candle in the image below is a Hammer candlestick when it is at a bottom and it is called a Hanging Man when it is at a top. In either case it is a call for patience as we wait for the next candle to get confirmation as to direction. To my eye sentiment is bullish in all time frames and the daily chart appears to be forming a Bullish Flag with consolidation and range bound movement in anticipation of a resumption of the trend. Click on image to enlarge.

For the week there was little change in most of the markets. On the upside FXI was up 1.43% but not enough to lift the EEM. Click on table to enlarge.