Tag Archives: Brazil
EWZ | Brazil
All of you jonsing for a trade…this is a good place to look. Brazil has a potential double bottom on the yearly just shy of 49.25. I’m looking for this to make an attempt at 55, by staying over 51.50 … Continue reading
EWZ iShares Brazil Daily
Keep a weather eye on the emerging markets for bottoming signs today. This would need a close over 55.08. The Mid-Week shuffle involves ( Often Times “rip your face off” contra-trend direction) or markets that are trying to turn direction. … Continue reading
EWZ
Brazil is trading below 60 in pre-market. Do Not Add to This Trade… Wait out the early price action to see if the U.S. will hold these current lows. leave the stop as is on your nibble.
Cheap Look…EWZ…Trade Alert!
60 is the Macro Pivot for Brazil. Dilma has been actively devaluing the Real, which will help on the export front. You have a potential double bottom on the Weekly & Monthly chart, so you know exactly where you are … Continue reading
Price Action
Distance traveled…Spu’s gave you 20 points…anything into the 1386-88 will be overdone today, just as the low 1350’s were overextended on the downside Tuesday. EWZ…has hit near term resistance. new closing strength is needed over 63.57 for more upside. AUD/USD…104.40-50 … Continue reading
FXI…EWH…EWZ…Pattern Alert
These instruments are attempting ORH days. A close for the FXI ( China) over 36.88 and 17.52 EWH (Hong Kong) will complete these patterns. EWZ ( Brazil) A close over 65.38 would complete the ORH pattern here. Closing over 65.60 … Continue reading
PBR…Petrobas_Daily Chart
Add this to your buy on dip list given the strength in Brazil ,couple that with a good sell off in this instrument on Friday into the 200 day. mvg avg. This can be bought on any weakness with a 29 stop … Continue reading
FXI…EWZ…STOPS
In a world where every trade is the same, we will use closing stops in these country ETF’s, which are conditional on where the U.S. closes. These country ETF’s are up huge from the lows. We will exit these longs if … Continue reading
EWZ….Brazil…Risk Parameters
The average entry ( Buy…Go Long Brazil) was app 56.60.. Many got in around 56.20 when the trade recommendation went out. The original stop was 55.40 intra-day… Raise your stop level to your “entry level” on a “closing basis.” If … Continue reading
A.M. Look 10/13/11
We finally got a pullback in the equities, which is necessary for more upside. Instruments rarely go in a straight line with out some sort of relief. Now the question becomes, “is this enough of a correction or are will … Continue reading