Category Archives: ETFs

Brazil Break Bravado

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Starting in early 2016, the Brazil ETF symbol EWZ roared almost 200% higher based on……..what…….a big surge in personal shaving services? I’m not sure. But their stock market went insane, shoving away anyone foolish enough to be in their path.

My view is that this surge is at the cusp of failure. Here is the broad SlopeCharts (why aren’t ALL of you people using this product? It’s FREE, and it’s FANTASTIC!)

1109-ewz

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Bearing with the Bounce

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By far my favorite options position is consumer staples, symbol XLP. Yesterday, as I mentioned on my show, I took profits on 30% of the position, because I felt it was about time for it to retrace back to its neckline. Sure enough, that’s what it’s doing, and I’m glad to be a little lighter. I want to be clear, however, I intend to get back in full-force……..maybe even bigger than before………once we get back to that zone of resistance. This is a honey of a pattern.

1031-XLPCOS

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