Most emerging sectors remain in strong downtrends, some of which stretch back to late spring or early summer. With secular trends remaining bullish on many of these sectors and individual plays, we are waiting for intermediate-term trends to return to bullish territory in order to find points at which to enter.
The challenge with emerging sectors is a lack of 54-month moving average. That aside, we a number of these stocks at or below monthly support on the MAC. AMBA and FEYE are great examples here. If you have the necessary risk tolerance and patience, monthly plays in theses stocks may prove highly profitable. Barring this relatively risk strategy, your choice remains the same as recent weeks; continue to watch the weekly chart for a new bullish breakout.