Buy EWZ on confirmation of ascending triangle. Long term downtrend breakout, pullback to negative trend line, and apparent continuation after ascending triangle accumulation pattern.
... for a 1.56/contract credit. Notes: In the top five for high rank/implied in exchange-traded funds. Going out to the first expiry in which the at-the-money short straddle pays greater than 10% of the value of the underlying.
Equilibrium underway on EWZ. POC currently set on support. Will be watching for a push past POC, 50 EMA and 200 SMA to the top of the EQ. If price can do so, i will reevaluate volume profile once closer to resistance and watch for the inevitable break to either side. If price cannot push past, we may break bearish and work to 36.66 support.
It's a short market week here, but this is what we've got ... . EARNINGS: HPE (43/33): Announces Monday after market close. ANF (85/80): Announces Tuesday before market open. BBY (70/42): Announces Tuesday before market open. HPQ (50/36): Announces Tuesday after market close DE (34/29): Announces Wednesday before market open. Of these, ANF and BBY appear most...
HIGH RANK/IMPLIED EARNINGS: CRON (32/82) (Tuesday Before Open) TLRY (50/97) (Tuesday After Close) CSCO (44/27) (Tuesday After Close) WMT (48/23) (Thursday Before Open) NVDA (24/43) (Thursday After Close) AMAT (17/34) (Thursday After Close) CGC (95/87) (Thursday Before Open) JC (30/43) (Friday Before Open) Notes: Looks like it's the "Week of Weed" with CRON,...
It shouldn't come as a massive shocker to anyone that the U.S. market has been and has gotten even more expensive. For an investor that is just starting out, it is enormously frustrating, since virtually everything is at the top of a very long term trajectory with the broad market yet again knocking at the door of all-time-highs. Here are a few acquisition ideas...
AMEX:EWZ Potential ascending triangle of continuation of an inverted trend at the beginning of 2016 in the Brazilian market. In this case a breakout of the resistance could lead to interesting profits, and ETFs are volatile assets that have intense price changes in tight time frames, and a liquidity necessary to allow immediate trading in the trade. finance.yahoo.com
Here's an idea for next week.... EWZ pattern looks similar to the last top. EWZ tends to trade with gold (though Brazil isn't even that big of a producer.) Looks toppy, just like gold. Will look at this Monday. EWZ options have small spread and good liquidity.
I've been working for 5 hours to estimate the trend turns for the next six months. To gain the knowledge to do those five hours are countless. Now, it will not be 100 % accurate in timing. I still have a lot of cycle work to be completed to fine-tune. But it will be quite accurate as I have gone back in time and checked out what EWZ has done in the past. And...
With market volatility back in the global markets with a vengeance, and the US Dollar remaining strong, one EM equity market that has been hit particularly hard this year has been the Brazilian Stocks (EWZ). Sluggish growth forecasts, combined with waning support for the Brazilian President, has sent Brazilian Stocks to its lowest level of the year so far, down...
As market volatility has come back with a vengeance and the US Dollar continues to remain strong, one EM currency that has been hit particularly hard this year has been the Brazilian Real ($USDBRL). Sluggish growth forecasts, coupled with waning support for the Brazilian President has sent the Brazilian Real to its lowest level of the year thus far. The sharp...
... for a 1.04/contract credit. With implied volatility fairly low across the board, going small, defined in the exchange-traded fund with the highest background implied volatility on the board (30.9%) to keep powder dry for something sexier to come along ... . Shorts nearest the 25 delta strike, longs nearest the 10 with slightly more than one-third the width...
Although there are quite a few earnings announcements up next week, none of them appear particularly attractive from both a volatility metric standpoint as well as a liquidity standpoint. For instance, MYL (78/46), EA (73/50), and ROKU (65/82) all have the right volatility metrics, but when you go to work setups, you're confronted with non-$1 wide strikes, not...
TWTR (41/54) announces earnings on Tuesday before market open; pictured here is a May 17th 30/39 short strangle. Metrics: Max Loss/Buying Power Effect: Undefined/3.50/contract Max Profit: 1.09 Break Evens: 28.91/40.09 Delta/Theta: -3.99/4.92 Front Week to May Opex Volatility Differential: 41.5% Notes: Look to put a play on in the waning hours of the Monday...
EARNINGS: NFLX and IBM both announce on Tuesday after market close, so look to put on something in the waning hours of Monday's session if you're going to do a volatility contraction play. Pictured here is a NFLX (42/46) 25/10 iron condor,* with the short option strikes at the 25 delta; the longs at the 10 (as of Friday close). Metrics: $825 max profit; $1675...
Economic reform isn't going as well as hoped, the Brazilian bubble is popping. Note that their market hit ATH, it looks like a double top due to currency exchange rates. EWW whipsawed on it's way down last summer, expecting the same here. Short any pops up, watch both iBov and USD/BRL exchange rates.