Vale looks as though it's completing it's 4th Wave decline and should be heading upwards for the 5th Wave.
The Cycle Wave 5 top (and Supercycle Wave 1 top) was most probably on the week of the 14th of May 2018 (please reffer to related idea). NYSE:VALE now seems to be on an Intermediate Wave C which is part of the Cycle Wave A down. If this count is correct we should still expect Intermediate waves B and C. Only after Cycle Wave C, the last part of Supercycle Wave 2,...
Looking for some high IV trades to enter into the mix here. -1 Sep21 33/40 strangle for $1.34. Risk: 2x credit received (worst case, take stock) Target: 50% profit Depending on how things go, I may keep rolling this position on in different ways, reacting to how the market moves.
Brazil is extremely washed out, but it has held a long term support level so far. I think odds are the market turns up from here. I'm long $PBR in particular, since it is showing tremendous relative strength vs the brazilian market, and it has a long way to go to catch up to oil, closing the gigantic spread it now has. The situation with the CEO resigning caused...
I think that the PETR4 it's going to up in a few days. After the down of the PETR4, because of problems with trucker on Brazil, i think that the paper will grow up until 19.50.
EWZ (Brazil), has been in an uptrend since 2016. The past 3 months has seen it drop to it's support. Oversold conditions in RSI and Williams indicate that EWZ may have bottomed out. This may be a low-risk entry point, but buying would be catching a falling knife. The support has not been well-tested either, so I am remaining neutral on EWZ for now.
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I expect Brazilian strikes will last for +/- 2 weeks more. So all local stocks can down more. Expect VALE to down until $12,8-13,15... then BUY.
We suggest that the Brazilian Real is in a long cup&handle trend formation here showed on the monthly frame. We expect an acceleration on the REAL devaluation once the 4 reais level is crossed. Other fundamental aspects in favor of this view are the Brazilian Government several recent failed attempts to revert the current negative patter, the decaying Brazilian...
Narrowing market-range. #Bolsonaro2018
- Steep downtrend since mid October. - Near the low of its longer term uptrend range. - Bouncing off 200MA. - RSI stabilizing.
Buy EWZ on touch of bullish trend line support. Stop at last week's candle minimum, medium-term loose target about 30% above current prices in line with previous uptrend in cycle.
Olhando gráfico mensal da IBOV podemos observar que nos 3 grandes pivôs anteriores a bolsa corrigiu até a região que fica entre 0.6 e 0.7 de Fibonacci. Notamos que esse mês parece que a bolsa começou uma nova correção. Caso o padrão venha a se confirmar e a bolsa cair até a região entre 0.6 e 0.7 de Fibonacci teremos uma queda de aproximadamente 40%!!! Notamos...
South America is on a roll, very bullish. custom index: ARGT EWZ EWW GXG ICOL ECH EPU
BRAZILS RISK PREMUM IS STRETCHED See "Summary Statistics" in doc below www.bcb.gov.br BRL's risk premium (currently highest across EM peers) looks stretched, given a continued pick- up in growth and reducing near-term political risk. COP's recent rally was likely driven mainly by a reversal of heavy short positioning, without a material shift in the country's...