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Another Spectacular Recommendation Past Times Wenzel
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Another Spectacular Recommendation Past Times Wenzel
This is what I wrote inward yesterday's
EPJ Daily Alert:
As I written report at EPJ, the Brazillian stock markets are inward crash agency today every bit a lawsuit of intelligence President Michel Temer was caught on record endorsing a bribe.
As I write the iShares MSCI Brazil Index ETF is downwards approx. 15%.
Here's the thing, Temer is far from a pop president now. He has an blessing rating of exclusively 9%. Things, inward the short-term, volition non larn worse nether a novel president. | |
I don't trust Brazillian coin render numbers but an essay of the long term nautical chart (above) of the IShares Brazil etf shows a really rigid marketplace seat since early on 2016. It is upwardly 116%. Today's drib is precisely a dip.
Thus, for risk-oriented traders, and I emphasize risk-oriented, this is an chance to boundary inward in addition to purchase EWZ for a quick trade.
I am non looking at this every bit a long-term investment--just a trade, I am going to live on out of the seat either Fri or Mon at the latest--profitable or not. I am precisely trying to scalp panic hither inward an otherwise bull market. | |
This is what I wrote inward today's ALERT:
| Take Profits in iShares MSCI Brazil Index (ETF) | | Yesterday, I set on a BUY recommendation for aggressive traders to conduct keep a seat in iShares MSCI Brazil Index (ETF).
I stated that it was a merchandise to "scalp panic" on intelligence that the Brazilian president was caught on record encouraging a bribe. I likewise noted that I would live on out of the merchandise either today or Monday. Well, the ETF is upwardly 6.0% summation today. That's a overnice scalp. conduct keep profits. | | | |
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I hasten to add together that I advised buying into Brexit panic. Buying into whatever downside activity next by Fed charge per unit of measurement hikes in addition to buying into a Trump election victory.
Nobody buys panic similar I do. You can't create it on precisely whatever major panic but when the weather are correct you lot conduct keep to jump.
To encounter the 4 ways you lot tin subscribe to the EPJ Daily Alert click here.
Past spectacular advice does non guarantee future spectacular advice.
-RW
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