Brazilian Real Fund ready to follow XLE higher

This is quite an overlay of the Brazilian Real Fund (BZF) versus XLE (energy etf ). Since most of the Brazilian market is PBR and VALE or plainly oil stocks, it appears that the currency is similar too.

It looks like there is relatively easy-money buying the BZF and selling short the XLE , $ for $ for a 1-2 month 10% profit.
BZF $18.99 last (for $10,000 trade, buy 526 shares)
XLE $77.28 last (for -$10,000 trade, sell short 129 shares)

Risk, 5% initially, then reduce it to 3% within a week.


Technical Tim, Friday 10:25AM EST, Sep 14, 2012

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