$EWW MEXICO Fibonacci ResistanceAMEX:EWW MEXICO fibonacci resistance coming up on the monthly chart by AlgoTradeAlert1
Consolidation pattern.So far, AMEX:EWW has shown strength reaching 52 week high and staying so close. 60.31 is key support for setups.by juanclos0
Idea - EWW, Feb 13 (short)As detailed on the chart, the trend has continued for some time, however price action may go back to the downside and move in our favor. If you entered on Feb 6th with the original cross signal, you'd still be waiting for the trade to do its thing; waiting to enter now basically gave us a pullback in our favor. Not sure I'd enter a position short here, but the setup looks interesting. CPI data comes out in a few days, and EWW is strongly correlated to the broader US market .Shortby KyleBaranUpdated 0
Will Mexico benefit from de-China shift? not yet says $EWWEWW should benefit from the shift toward Latin American countries and away from China. US manufacturers may be looking to bring manufacturing closer to home with geo political risks escalating this year. Higher shipping costs make Mexico an obvious candidate to consider. However, price action in EWW etf, as well as many other equity funds, are showing that the bull run over 1-2 years is running out of steam for now.by optionfarmers0
EWW - Mexico new highs soonEWW showing big move today. Should resume higher probably breaking above recent highs.Longby simplenothing0
IRON TARIHi guys! New Iron condor, check my last trades, and get my script for free! Enjoy your wallet! Tari. by TARITRADEUpdated 1
Uptrend Resuming?After 10 years of downward movement the monthly RSI may be finally breaking out. Price may not be far behind.by Nobody-Important0
Mexico failed breakoutAn interesting way to see how countries are doing is by the iShares of the country. Mexico had seen a breakout, but very quickly gave that up, creating a failed breakout. Next support & resistance levels are drawn in the chart. 50sma and 200sma look like they will start trading together. Mortality rate there is the highest in the world unfortunately. Shortby dorfmanmaster0
Iron TariHi guys! this is a 2weeks 4%exp, almost 5% but we keep our probability set at 4%, more conservative 63%. RR is 100-63/63= 0.57 Actual RR is higher, becvause max profit and max loss are both 50$ , so RR is 1.00 Enjoy! Tari. by TARITRADEUpdated 0
OPENING: EWW SEPTEMBER 18TH 32/33 SKINNY SHORT STRANGLE... for a 2.44/contract credit. Notes: With price trading in between the 32 and 33 strikes, went skinny short strangle in lieu of short straddle. Since it's almost a straddle, I'll look to take profit at 25% max. I've gone ahead and shown defined risk wings for an iron fly/skinny iron condor setup on the chart -- the September 18th 28/32/33/37, which was paying 1.97 as of the writing of this post, just short of the one-half the width of the wings I look for out of an iron fly (i.e., this would be a four-wide iron fly, so would ideally look for around 2.00 in credit out of it).by NaughtyPinesUpdated 7
Be a market makerDelta Neutral trade. Let's make some money off option premium/decay. EWWxVix/100xSqRt (DTE/365)=2.45 point swing between now and Sept 11 by ZenModeUpdated 7
OPENING: EWW AUGUST 21ST 32/33/35 BIG JL... for a 2.17 credit. Notes: Relatively high rank/implied for an exchange-traded fund at 40/38. This isn't quite a Big Jade Lizard, which usually consists of an at-the-money short straddle with a long call, but it's trading between the strikes, so opened it up to a skinny at 32/33. No upside risk, since the total credit receives exceeds the width of the short call vertical at 33/35 by .17. Will look to take profit at 25% max (.54).Longby NaughtyPinesUpdated 6
Looking for 5 - 10% gain here this weekIf there is another upday over the 20MA im in looking for 5-10% gainby ebred5
EWW Mexico - RevisedAppears Mexico broke downward out of the pennant, not up.... big trouble. Peso devaluation and oil price is killing EWW. Support line is 2009 low...by hungry_hippo5
Mexican Pennant (EWW)Looks to me like it's gotta break out sooner or later, one of few world indices not to bounce (mainly because of oil prices). Dipped into some calls Friday, but we may have to wait another week before it breaks out... we'll see. If oil goes up, so will Mexico and Brazil (EWZ) for sure.by hungry_hippo6
THE WEEK AHEAD: USO/XLE/XOP, EWW, XLUEXCHANGE-TRADED FUNDS ORDERED BY IMPLIED VOLATILITY RANK: USO 67/167 EWW 57/73 XLE 57/87 XLU 57/53 GLD 51/32 EWZ 50/85 XOP 49/105 SMH 47/58 GDXJ 44/86 XLF 41/53 FXI 32/39 GDX 31/66 TLT 30/25 BROAD MARKET EXCHANGE-TRADED FUNDS ORDERED BY IMPLIED VOLATILITY RANK: IWM 59/60 EEM 46/49 SPY 47/58 QQQ 46/44 EFA 39/45 FUTURES ORDERED BY IMPLIED VOLATILITY RANK: /NG 72/67 /CL 67/157 /GC 51/31 /ZS 51/19 /ES 47/56 /SI 41/51 /ZW 40/32 /ZC 29/27 VIX/VIX DERIVATIVES VIX finished the week at 46.80 with the entire /VX term structure in backwardation. MUSINGS: Shown here is an EWW short put in the May cycle paying 1.00. Camped out at the 23 delta strike, it has a break even of 22.00 and has a 4.54% return on capital in a cash secured environment. Alternatively, the May 15th 22/29 short strangle is paying 1.54 at the mid. * * * Long /CL at $20/barrel via out-the-money short puts or short put verticals may turn out to be the "trade of the year" after (in my case) being taken to the wood shed playing it non-directionally/rangebound between 52 and 63. Only time will tell; it's come up substantially off its lows already with it remaining to be seen whether OPEC+ can get its shit together and quit with the self-harm. * * * In the IRA, it looks to be touch and go for acquiring stuff on my shopping list. (See Posts, below). I've stuck my lines in the water; the best I can hope for is to get some bites at April opex. If I don't get assigned, I'll re-up with a rung to replace any expiring worthless if the market stays down here. Simultaneously, I'm looking to exit my TLT position, which has a cost basis of below $110/share, thinking that the capital can be better deployed elsewhere, but don't want to do that if I don't pick any other dividend-generating underlyings to replace it. Looked at from that perspective, my "personal" yield on the TLT position in light of my particular cost basis is 2.98/$110 or about 2.71%, which isn't horrible. by NaughtyPines225
Don't buy just buy because it is cheapcoz cheap can get cheaper...... If you have been to Bangkok streets market and are a good bargainer, then you are likely to bargain your way down the street, taking the cheapest offer that the shop owner is willing to offer you. Tip : Don't look back if you are not going to accept her offer or bargain further with her. Same thing for trading as well. Just because it is cheap, do not fall into the trap of being an early bull (like what many are advocating to buy now). Nothing wrong if you subscribe into the DCA model (dollar cost averaging). But most retail traders I met or know have limited capital to trade in the market. That means, the smaller your fund size, the timing of entry becomes more important. Like Bill Ackman tweeted : Bill Ackman @BillAckman · 4h I am beginning to get optimistic. Cases appear to be peaking in NY. Almost the entire country is in shutdown. Hydroxychloriquine and antibiotics appear to help. There is increasing evidence that the asymptomatic infection rate could be as much as 50X higher than expected. The more retail traders sell to them, the more they can buy at cheaper price from you. And because they have deep pockets and can buy in stages, they need help from retail traders in terms of volume. But the opposite holds as well. Retail traders have smaller positions and thus a buy or sell decision has to be more careful , isn't it ? Unless you have lots of cash to burn, that is a different story. Anyway, someone Pm me last nite to look at Mexico and my view is bearish on it. Latest article here . A 3.9% contraction on the economy is no joke and with its slow decision making process, more help are needed across the business owners and the people there. Already , death rates and new cases are not slowing down in Mexico. Trade cautiously , traders !Shortby dchua19694
EWW Mexican BreakoutGot into this this morning after the Trump news, chart pattern looks good for a breakout (along with a bunch of other stocks). EWW has low options premium and good liquidity, you guys know this isn't the first time I've played with this. I get better returns than playing with SPY, DIA, or IWM options.Longby hungry_hippoUpdated 3
EWW Mexican Jumping BeanWas gonna be a day trade but I'm holding overnight, guessing a gap up tomorrow. Bouncing from oversold conditions. Pay attention to these foreign market ETFs, they have good options liquidity (EWW, EWZ, etc) and tend to move more than the US market. keep in mind they are not currency hedged though....Longby hungry_hippoUpdated 5