ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Looks like the days of buying EWZ after a 20% correction and waiting out the recovery may be coming to an end for now. Last week, the Brazil Index Fund ETF, EWZ, broke out above a nine-month long downtrend. *Chart created using TeleChart: This is a very bullish development and opens up the prospect of … Read more
I last wrote about the Brazil Index Fund ETF (EWZ) at the end of the sharp correction in October. At that time, the big headline was that EWZ had lost all its gains from the Olympics-driven rally, and I was anticipating buying EWZ at the end of a total correction of 20% from the closing … Read more
The current correction has produced a LOT of intriguing charts. The Brazil Index Fund ETF, EWZ, is certainly one of them (shown below). EWZ suffered its largest one-day drop since March, and it has now completed a roundtrip for its Olympics-driven rally. EWZ is now already down 12% from its closing 14-month high just last … Read more