For Emerging-Market Traders, Trend Is Their Friend

It used to be that a four- or five-day rally in emerging-market stocks was a big deal.  Not anymore.  Nowadays, if the stretch of gains, or losses, doesn’t reach double digits, it almost feels inconsequential. Consider these runs: The MSCI Emerging Markets Index fell for 12 straight days from late May through early June, the longest streak since 1990; less than two months earlier, the gauge rose for 11 consecutive sessions, the longest rally since 2005. In the past six months alone, there have also been moves of eight and nine straight days.

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