iShares MSCI Brazil Index Fund ETF

EWZ Breaks Out and “Gets Away” Again

As I watched the U.S. dollar swiftly reverse course after some early post-employment numbers strength, I concluded that this was the final confirmation I needed that the dollar is going much lower from here. I made a point to review my list of commodity charts and then did a quick check of EWZ, the iShares … Read more

Chart Review: TIP, TBT, EWZ

While the general stock market just keeps crawling steadily upward, individual stocks continue to produce some very interesting, and very tradable charts. For example, over the past several months, I have been able to identify many valuable breakouts as well as some breakdowns. The three charts in this post are not directly related, but I … Read more

The Brazil ETF (EWZ) Retests Its 200DMA, Likely Going Lower

The iShares MSCI Brazil Index Fund ETF (EWZ) broke out in early September, 2010 from an important downtrend pattern. At the time, I lamented that I missed the move because I was still playing the strategy of waiting for a 20% correction in EWZ before making a purchase. On Friday, EWZ completed a roundtrip from … Read more

The “20% Rule” Works Again on the Brazil Index Fund (EWZ)

I spent a lot of time over the past oversold period studying rules and guidelines for trading the (inevitable) bounce out of the selling pressure. The oversold period ended inconclusively, but my rule for buying the ETF for Brazil, iShares MSCI Brazil Index Fund ETF (EWZ), definitively worked for a second time. When EWZ started … Read more

Another 20% Correction Triggers Buy on EWZ but Trend Turning Down

So far this year, EWZ has experienced two 20% corrections from previous highs. The last correction ended in February along with most major stock markets. In late January, I recommended buying EWZ for a trade once it tested its 200DMA. That point of support marked a 20% correction, and it also coincided with the August, … Read more