Go where the volatility takes you, I say. Layering on a bit more EWZ fly here, this time in the Jan 13th expiry. Metrics: Probability of Profit: 42% Max Profit: $214/contract Max Loss: $136/contract Break Evens: 30.36/34.64 Notes: You know the drill ... . Will look to take this off at 25% max profit.
And right back into "the Brazilian," as there isn't much high implied volatility rank/high implied volatility stuff to play out there at the moment ... . Metrics: Probability of Profit: 45% Max Profit: $223/contract Max Loss: $177/contract Break Evens: 29.77/34.23 Notes: Will look to manage at 25% max profit.
With the VIX still hovering in sub-15 territory and an examination of broad index exchange-traded funds therefore yielding less premium than I would like,* I'm turning my attention to sector exchange traded funds for possible premium selling plays. Naturally, VIX levels could change in light of the outcome of the Italian referendum (as of the writing of this, Dec...
EWZ is still in a corrective structure - in its B-leg up. This can be rode down. The C leg down have the potential of being brutal. Target 29 or upper 26-zone. I suspect we will have a quick trip to 26.7 zone but I suspect we won't reach that far.
Going short duration here because I can't find liquidity in the weeklies for the setup and don't really want to go out to Jan. Metrics: Probability of Profit: 45% Max Profit: $187/contract Max Loss: $163/contract Break Evens: 31.63/35.37 Notes: As with a short straddle, I'll look to manage this at 25% of max profit.
Super China bear here looking at a lovely technical setup. The rally has gotten way too far ahead of itself. The 50month MA and a decade long trendline as well as the .50 fib level from the 2014-2016 move all acting as resistance.
Brazil is known for nice beaches, women and carpirinhas. The beautiful Christ the Redeemer is placed high above Rio. Raging high is also the price of EWZ which is stretched more than 30 % above its 200 DMA. It has reached 1.618 of its previous intermediate top and it is due for an intermediate cycle low correction soon. It has met a big resistance level and its...
Expect some pullback and higher volatility from here. Note weaker RSI and MACD relative to price. Buy a retested breakout if occurred.
On daily chart, it's 3rd day outside from the upper Bollinger Band. It means a calling for a interesting correction. On hourly chart, an overbought is present on RSI & Stochastic. MACD & Histogram shows a little weakness. On hourly chart, its target in 10.75 from a triangle breakout has been reached.
It has been stalled for 7 weeks, MACD turns negative and RSI rising wedge breaks. Price is still holding well but I am watching the blue support line carefully. Overall up trend is intact given the rising 40 week moving average, any drop less than 20% should be seen as a healthy correction and should be bought given the up trend bias.
It has some overbought fatigue but overall still looks healthy. Buy new high if it can make it.
Here, I'm just looking to sell a little premium in the highest implied volatility, broad market underlying there is out there at the moment -- the Brazil exchange-traded fund, EWZ. The Olympics, after all, are over, and no doubt body parts will be washing up again soon on Copacabana beach, PBR will be undergoing yet another corruption/fraud/you-name-it scandal,...
For whatever reason, Russia is not tied to oil price from the technical analysis point of view, could it be geopolitical issue at play? A Trump win in Nov could lift the sanction? I don't know. Nonetheless, RSX is poised to run toward 21
A breakout from a rising wedge is very bullish. Highly likely the pink line can be hit soon ($37 level). Red line should provide solid support.
EWZ finished the month with a strong tone, made a higher high, issued a long term buy signal ( based on 5/10 MMA cross). Technicals favor a bullish case.
HI, This Fund can still pay a lot of money in the next months and years by the drop. A new spike on EWZ could give a good trading opportunity. very interesting. I am trader of profiting.me Thank you Girolamo Aloe
It is consolidating in the blue triangle. Will have to break out or break down.