The symbol EWZ has been hammering out a textbook example of a head and shoulders top, although it is only about 90% complete. The neckline is at 26.23:
Brazil Bust in the Making
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Foreign Adversaries
The past week was all about China, and their pathetic efforts to goose their stumbling, debt-ridden Communist economy. It worked, to be sure, for the few days they were pumping the hell out of it, but I would like to point out the relative position of the emerging markets fund over the past few years.
One Country Worked Out
On Monday, well in advance of this week’s absolutely insanity, I suggested going short Brazil by way of EWZ. I’m pleased to say, in spite of all the lifetime highs everywhere we look, this worked out great.
Brazil Again
I think it’s time to get Brazil a look as a short candidate. So long as its biggest component, PBR, moves lower………
