MT-Macro

Brazil Small Caps long from here

Long
MT-Macro Pro Updated   
NASDAQ:EWZS   iShares MSCI Brazil Small-Cap ETF
With today's move in EMFX, and particular dollar strength...it's time to leg back into EM exposure. One EM exposure we like is Brazil. EWZS , the Brazilian small cap ETF , is sitting at it's lower Bollinger band on the daily chart , as well as approaching a cluster of EMAs. I'd leg into a small position here.
Trade active: We will take some of our position off the table here. We got a nice bounce in BRL, but momentum isn't too strong. We will watch and wait accordingly.

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