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.
EXCHANGE-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...
coz 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...
Got 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.
Was 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....
EWW entering RSI oversold conditions, peso is also testing recent highs that will more than likely pull back from. Expect EWW to move above current level if peso pulls back
... for a .57/contract credit. Notes: One of the ex. U.S./Canada exchange-traded funds I looked at over the weekend with a yield that exceeds both TLT and U.S. broad market. Selling the 20 delta or so here, looking to acquire at a discount over where the underlying is currently trading. Cost basis of 38.43 if assigned; otherwise, I keep the premium ... .
EWW starting to get into over sold conditions - Peso is showing signs of Resistance of ~19.28-19.30 and expected to pull back therefore increasing price of EWW
Looking at these lines drawn all over, using the monthly ,weekly, daily, and 4-hour, we see that the shares are hitting a strong multi-decade support area and are trading at the bottom of several different channels. I think, that a buy at these levels, shows a significant margin of safety for future growth trends as Mexico will benefit from its proximity to the...
Looks to me like it's headed towards another bottom. No reason why it should go up anyways, their whole country was downgraded last week. If Feds don't cut rates, this will tank on the currency exchange alone.
Went long on EWW with profits from my GM puts, I'm betting that the Mexican president will respond with some BS to placate Trump over the weekend. Small play, next week calls, only 10 contracts. This one is gonna be hit or miss I think.
When in doubt short garbage, in this case the whole country of Mexico. Looks like a bear flag/H&S pattern.
Mexico is relatively cheap compared to other emerging market stock exchanges. In addition, I agree with several analysts that Mexico could be the winner of the trade war between USA and China. My investment strategy indicated a buy signal for EWW on May 21, with a target price of ~48 USD/share (expected profit of ~7.5%).
Looks like Mexico has broken to the upside. Should see 49 in a few months or so