{"id":36698,"date":"2016-10-19T18:22:48","date_gmt":"2016-10-20T01:22:48","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=36698"},"modified":"2016-10-19T18:23:55","modified_gmt":"2016-10-20T01:23:55","slug":"brazil-etf-adding-to-2016-rally","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/","title":{"rendered":"The Brazil ETF Continues Adding to A Tremendous 2016 Rally"},"content":{"rendered":"

Almost two months ago, I explained my decision<\/a> to sell my position in iShares MSCI Brazil Capped (EWZ). I also pointed to a 20% correction as the next time I will consider buying again. Since then, EWZ rallied, dipped slightly to a lower low, and then resumed its current rally. That rally accelerated a bit this month. EWZ is up a healthy 10.5% in October (which is also equates approximately to the gain since my last post).<\/p>\n


\n
\"The<\/a>
The iShares MSCI Brazil Capped (EWZ) continues its stubborn rise.<\/figcaption><\/figure>
\n<\/center><\/p>\n

This rally has also pushed EWZ to a key resistance level from 2015’s high. I marked this point with a horizontal black line in the chart below. The chart also reminds us that EWZ is still trading within a presumed long-term downtrending trading channel. A breakout from 2015’s resistance will almost surely send EWZ to its first test of the channel in over two years.<\/p>\n


\n
\"At<\/a>
At its recent low, EWZ dove over 30% below the low from the financial crisis. The major breakdown turned out to be a major buying opportunity.<\/figcaption><\/figure>
\nSource for charts: FreeStockCharts.com<\/a><\/strong>
\n<\/center><\/p>\n

EWZ is up an astounding 80% year-to-date. This rally cleaved through a lot of bad news from political wrangling over a Presidential impeachment, hand-wringing over the Olympics, drought, and on-going economic woes including a recession. This is quite an amazing record that suggests that EWZ could even summon the momentum to break out of the downtrending channel. I will continue to monitoring EWZ closely as Brazil clearly still presents strong investment potential.<\/p>\n

Be careful out there!<\/p>\n

Full disclosure: no positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Almost two months ago, I explained my decision to sell my position in iShares MSCI Brazil Capped (EWZ). I also pointed to a 20% correction as the next time I will consider buying again. Since then, EWZ rallied, dipped slightly to a lower low, and then resumed its current rally. That rally accelerated a bit … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[181,921,62],"tags":[183,1767],"class_list":["post-36698","post","type-post","status-publish","format-standard","hentry","category-brazil","category-downtrend","category-technical-analysis","tag-ewz","tag-ishares-msci-brazil-capped"],"yoast_head":"\nThe Brazil ETF Continues Adding to A Tremendous 2016 Rally - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Brazil ETF Continues Adding to A Tremendous 2016 Rally - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"Almost two months ago, I explained my decision to sell my position in iShares MSCI Brazil Capped (EWZ). I also pointed to a 20% correction as the next time I will consider buying again. Since then, EWZ rallied, dipped slightly to a lower low, and then resumed its current rally. That rally accelerated a bit ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-20T01:22:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-10-20T01:23:55+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/10\/161019_EWZ.png\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"The Brazil ETF Continues Adding to A Tremendous 2016 Rally\",\"datePublished\":\"2016-10-20T01:22:48+00:00\",\"dateModified\":\"2016-10-20T01:23:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/\"},\"wordCount\":282,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2016\\\/10\\\/161019_EWZ.png\",\"keywords\":[\"EWZ\",\"iShares MSCI Brazil Capped\"],\"articleSection\":[\"Brazil\",\"Downtrend\",\"Technical Analysis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/\",\"name\":\"The Brazil ETF Continues Adding to A Tremendous 2016 Rally - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2016\\\/10\\\/161019_EWZ.png\",\"datePublished\":\"2016-10-20T01:22:48+00:00\",\"dateModified\":\"2016-10-20T01:23:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2016\\\/10\\\/161019_EWZ.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2016\\\/10\\\/161019_EWZ.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2016\\\/10\\\/19\\\/brazil-etf-adding-to-2016-rally\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Brazil ETF Continues Adding to A Tremendous 2016 Rally\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Brazil ETF Continues Adding to A Tremendous 2016 Rally - ONE-TWENTY TWO: Trading Financial Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/","og_locale":"en_US","og_type":"article","og_title":"The Brazil ETF Continues Adding to A Tremendous 2016 Rally - ONE-TWENTY TWO: Trading Financial Markets","og_description":"Almost two months ago, I explained my decision to sell my position in iShares MSCI Brazil Capped (EWZ). I also pointed to a 20% correction as the next time I will consider buying again. Since then, EWZ rallied, dipped slightly to a lower low, and then resumed its current rally. That rally accelerated a bit ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2016-10-20T01:22:48+00:00","article_modified_time":"2016-10-20T01:23:55+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/10\/161019_EWZ.png","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"The Brazil ETF Continues Adding to A Tremendous 2016 Rally","datePublished":"2016-10-20T01:22:48+00:00","dateModified":"2016-10-20T01:23:55+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/"},"wordCount":282,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/10\/161019_EWZ.png","keywords":["EWZ","iShares MSCI Brazil Capped"],"articleSection":["Brazil","Downtrend","Technical Analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/","url":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/","name":"The Brazil ETF Continues Adding to A Tremendous 2016 Rally - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/10\/161019_EWZ.png","datePublished":"2016-10-20T01:22:48+00:00","dateModified":"2016-10-20T01:23:55+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/10\/161019_EWZ.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2016\/10\/161019_EWZ.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2016\/10\/19\/brazil-etf-adding-to-2016-rally\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"The Brazil ETF Continues Adding to A Tremendous 2016 Rally"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/36698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=36698"}],"version-history":[{"count":4,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/36698\/revisions"}],"predecessor-version":[{"id":36704,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/36698\/revisions\/36704"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=36698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=36698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=36698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}