There has been a lot of propaganda of late talking about the BRICs will replace the US
or China Yuan will etc.. this is flat-out silly talk designed to influence unsuspecting
people for political purposes.
This chart BKF/SPY is a comparison chart BRIC and the US. However, BRIC is now BIC
since Russia has been cut out by US sanctions. In my view, BIC is...
BRICS (without Russia and South Africa) appear to be ready to make a move here as it breaks out from a long-term downtrend while bouncing off the longer bottom support area after a PSYCH play lower.
This is a great risk-reward setup to catch a nice wave up. This particular setup doesn't come along very often as you can see.
Make sure to follow as I will be...
I am looking at the $BKF (Brazil, Russia, India & China) ETF as a great setup for a buy.
From a charting perspective, it looks like the optimal risk / reward entry. In the macroeconomic context - I would also expect rising commodity prices to pull emerging markets higher.
More on this soon!
Take care and God bless.
