Mexico has been heavily shorted and no real fundamental has been materialized.
Post-election, there isn't much out there exchange-traded fund wise with both high implied volatility rank/percentile and high implied volatility. This is one of them ... . (I've tried repeatedly to get into an EWW play, but just can't seem to get a fill at the mid price). This isn't the most liquid thing in the world, so I'm going with the most liquid...
With a 52-week implied volatility rank of 100 and an implied volatility of 35, EWW -- the Mexican ETF, beckons for premium selling ... . Here, the iron condor brackets the ZigZag/Donchian channel indicated support/resistance at 48.22 and 54.25 nicely, with break evens for the setup above and below those marks. Here are the metrics for the setup: Probability of...
We will keep it on the radar for the coming months, and would like to see further strength for confirmation.
Mexican Assets Pivoting on U.S. Presidential Campaign Results 28 SEPTEMBER 2016 OPTIONS In the lead-up to the U.S. Presidential election, the impact of U.S. trade agreements with its North American neighbors has become a central point of contention between the candidates. Each party platform has a distinct strategy for handling trade relations, and the...
I've never played this particular broad market ETF, but it beats trading SPY et al. here, particularly since you can get a 1.00 in credit out of a short put in an sub-$50 underlying ... . Metrics: Probability of Profit: 76% Max Profit: $101/contract Max Loss: Undefined (it would be $4499 if the ETF went to zero and you did absolutely nothing) Break Even:...
A closer look at Mexico shows a well defined trading range over the past 2 months. That short term range should soon encounter a long term trend line (orange). Expect to buy that bounce.
20 year uptrend from Mexico is about to test the trendline. It is nearing a break point, expect it to break higher. Should be a good buying opportunity.
Set enter point when market is bellow current resistance level and set target against previous high.
AMEX:EWW Is not necessarily highly correlated with the SP US30 , etc Now are apparently immersed in a brake of him downtrend, and this is acting like a support line and meaby is a little megaphone in development ; if we think positive (maybe a little innocent) can expect a reboot to the 60 level, but the fear ambient can make drop from the 53-60 zone to the...
The iShares MSCI Mexico Capped ETF has sustained its longest move above the 50-day EMA since September (prior to breakdown). If EWW is able to close above the 2015 resistance level at $60.50, look for a continuation to the $63-$65 area in the next 1-3 months. An initial stop loss on a stock position can be placed under $58. Option traders can consider buying the...
Trader takes a $1.4 Million Bet in EWW to the LONG Side. The investment seeks to track the investment results of a broad-based index composed of Mexican equities. I watch over 1300 trades a day and this is one of the only two trades that I have taken today. The chart looks great and I think that EWW will break to the upside and one trader thinks the stock is...
---- Range bound trade