ibovespa , long idea, soon it´s will return to the 120.000 zone Correction is ending .
EWZ sweepers today and I like the entry here at the bottom of an upward trend channel. October $37C has 90K OI if you like the idea of going long here.
this market will go up RESULT : - it's a good time to buy - it will ARRIVE 135.72 - if it BREAK it WE can KEEP or DOUBLE our position
Today we saw $XP take firm control over the 50 handle and we'd like to see if it can still keep going. Emerging markets still trying to push after the bottom in Chinese tech stocks. We're hoping to see 60 in the near future. Good luck traders!
Today we are witnessing a sharp turn around in Emerging Markets $EEM after the Jackson Hole meeting. $IWM a strong indicator of risk tolerance has seen a sharp move back up into it's middle pivot. Could the continued low rate environment and strong economy be enough to continue the rush into risk-on assets? Keep a close eye on $EWZ though (Brazil ETF in which PAGS...
Breakout, price going down, if it retraces it might hit 1st or 2nd blue line
This has been a superb ride since 2019. In terms of the review, let's consider the following parts: Altamira Gold Copper ↳ On the Altamira side... Apiacas is the rainmaker, for context, after five years of waiting they were awarded this massive land package in the largest producer area in the belt. According to very good sources they have at least...
In this chart we can see the demand growing gradually, even finding a resistence in 5.85, this moving has formed a triangle, and when it break up the target will be in 6.89! The clear accumulation can preventing us from taking stops! By another way if we see a closure under the ascendent line the price will enter into a lateralization or even make a reversal! Good...
Recent trends in select Emerging Markets (and some smaller markets) viewed by their ETFs, for the countries: Brazil EWZ , Mexico EWW , New Zealand ENZL , South Korea EWY , China MCHI , India INDA - also vs. the emerging markets ETF IEMG , and the NASDAQ IXIC index.
Price make a triangle on dóllar/brazillian real.
BRL could be gaining some force on the weeks but on the long run it will be hard to recover. Politics in Brazil will dictate what will happen next.
SULA11 seems to be trading in a channel.
sl none tp none strategy : buy and hold
Although moving averages aren't looking good, EWZ is in a big support zone (white area). In this Elliott waves analysis EWZ hit the 0.382 (30.78) fibonacci retraction for wave 4 and if this is the end of it, wave 5 could hit 0.618 (42.01) or 1 (49.15) of fib extentions. The ex-president Lula news made the market drop today, but Lula isn't worse than current...
Coming into the new year, the reflationary trade was working quite well. In January, we saw a period of heightened volatility that stressed emerging markets. Brazil was no exception. That said, the weak dollar trend looks likely to resume in the next few months, after the positioning shake-out that we saw in January. Many hedge funds are still on the sidelines and...
Some markets seem to have shown that they peaked in mid-January... indicated in their U.S. listed, $USD denominated, ETFs: Russia RSX, Brazil EWZ, India INDA, Thailand THD, Europe EWZ... and also in certain financial markets as indicated by a Commodity Tracking fund DBC, and see also the US Government Bond 5 Year Yield .
Deflation coming in Brazil, I see a deeper-than-expected contraction in Brazilian economy as Covid reality sets in.