RHT is up 50% on IBM buyout. Brazil is up big on election with PBR leading. Risk spreads back above their respective 200 DMA’s. SMH..Semi’s up close to 4% Bund/BTP reflecting reduced overnight strains within Europe. The spread is out … Continue reading
Risk spreads have been doing a small correction. With the Long end of the curve (30 Yr. Bonds) short-term extremely oversold as it approaches its 50 Qtr MA I’M defensive Equity Indices I have Bull VXX spreads out into the … Continue reading
Energy names and Chinese Internet. JD is putting in an ORH week on their announcement to compete in the U.S. Walmart is an investor in the enterprise. Petrobas is leading EWZ It’s Friday, regardless of the sector rotation, shorting is … Continue reading
Daily Market Intelligence 12-29-17
For those that took these trades; EWZ…Use a 33.30 Stop On Close TRGP…Use a 41.30 Stop On Close Brazil is up. The goal is to not lose money on the trade. There is no downside to owning it from our … Continue reading
Brazil & China are both struggling. India seems to have hit some pretty good resistance as well. FXI’s failure to follow through to the upside this week is disappointing. If it’s not working we’re not going to own it going … Continue reading
India ( PIN) & VNM (Vietnam) are both at resistance with Brazil (EWZ) at my first tgt area. Spu’s…it will be a late day game. 1730 is the near term hold and pivot which will run any profit taking. New … Continue reading
For those of you that wish to play the upside in the oil as well as Brazil, Petrobas has a trad able pattern with a tight stop.
I like yesterday’s low in EWZ @ 55.90 for risk management. Buy EWZ @ your discretion. We’ll be using a 56.05 stop close for now.
All the taking heads on Bloomberg we‘re enamored with Brazil this A.M. Closing below 53.73 will get the lemmings running in the other direction.