Emerging Markets (EEM) have virtually mirrored the general market and have been on a tear since December. I'm all for positive markets and trends but this is starting to get to some worrisome levels. On Friday I think we may have witnessed our first signs to take some profits off the table. On the 60 minute chart the EMA(9) crossed over the EMA(34) which triggered a sell. In the meantime the EMA(34) is no closing in on the EMA(89) for confirmation sell, but please no shorting until the EMA(89) crosses over the EMA(233). So long as the EMA(89) is over the EMA(233) we are still in a bullish market.