#BRAZIL Looks bullish, let's see if it samba! #EWZ #BRAZIL Looks bullish, let's see if it samba! #EWZ . Dollar cost average if drops to 26$. Couple of months timeframe. I dont know why but it should go up :PLongby Ankel-ssjUpdated 3
EWZ LongNot as other EM, Brazil sees it's stock market prices surge. Having not applied sanctions to Russia, and being a strong commodities economy, we see EWZ price surge. Watch out for inflation.Longby gerfsinger221
Closed: EWZ June 17th 25 Long P/March 18th 26/30... for a 4.76 credit. Comments: The most I could make on this was 5.00 (the width of the diagonal), so closed it out here with 39 days to go, rather than roll out the short call to April or hang out for the remaining extrinsic to bleed out. My cost basis in the entire setup was a 4.22 debit. (See Post Below). Closing it out here for a 4.76 credit results in a small winner of .54 ($54).by NaughtyPines1
$EWZ Weekly Pivot Point - Trend is now upTrader Vic (Victor Sperandeo) says you gotta go long here ! By his "Principles of Professional Speculation" , EWZ weekly has broken down trend and pivoted to an up trend. I'm also liking the volume and and MACD bullish confluence. I went long starter size March 32/34 debit spread , and will add with more confirmation. Some whale also bought 17K of these at $1.14 on Friday , let's see ! Longby FriscoTrades1
Closed (IRA): EWZ June 17th 25 Long Calls... for 7.45/contract. Comments: With the short leg having expired worthless, went ahead and closed out the long leg of this diagonal here rather than covering it again. My cost basis was 6.37/contract as of the last short leg roll. (See Post Below). Closing out the long leg here results in a 1.08 ($108)/contract winner (which seemed to have taken forever).by NaughtyPines4
Brazil ETF Breaks the DowntrendThe iShares MSCI Brazil ETF has skidded lower since the summer, but now it may be reversing higher. The first pattern on today’s chart is the bearish trendline running along the highs of June, July and December. EWZ broke above that line last week and has remained there since – even as the S&P 500 crashed to a seven-month low. Next consider the 10- and 50-day simple moving averages (SMAs). Crosses of these two SMAs have been effective intermediate directional signals several times in the last two years, as the white arrows show. Third is the support zone around $26.56 from late October 2020, which EWZ held earlier this month. Finally the macro environment may favor the fund’s holdings, which focus on natural resources (energy and metals). They also trade at relatively low multiples compared with big growth stocks. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation117
Rolled: EWZ February 18th 32 Short Call to March 18th 30 Call... for a .38 credit. Comments: Rolled the short call aspect of my long call diagonal, the back month of which is in June at the 25 strike. There wasn't much extrinsic left in it, so I first looked at rolling down to the 30 intraexpiry, but that wasn't paying squat, so rolled it down and out to a strike slightly above my cost basis/break even, which is now 4.54 with a 29.54 break even. I still also have the 24 short put on, but that still has .30 left in it, so will wait until it approaches worthless before rolling.Longby NaughtyPinesUpdated 4
EWZ starting to materializeI posted this idea back in mid November laying out some reasons why I'm bullish on Brazilian equities, since then I've been accumulating under 28.50. Over the past week we've seen increased buying amid Dollar weakness and the trade looks like it's starting to work. Longby 0dteTraders1
$EWZ holding a key supportLong term triangle about to break out. Has a strong support @26.50, the last time the ETF was at this level in Nov 20 it went back up very fast. Lets see if this can go to $31 to take a long position. by McLaren_Trader2
BRAZIL will recover fast; best position for range trade.I thinks wave 2 has already bottomed at 17.60 in this weekly chart. Now at the base of an accumulation range…finishing with a hammer candle. Best to wait for next candle confirmation. Stoich RSI turning up. You may range trade …buy at 27 & sell at 48 with some volatility at 37 to 39 mid zone. Once Brazil’s economy restarts in full gear, Wave 3 of the bigger wave 3 have to continue.by xtremerider83
Opened: EWZ February 18th 24 Short Put... for a .53 credit. Comments: Adding a short put element to what was a long call diagonal (June 17th 25 Long Call/February 18th 32 Short Call). Up to this point, my cost basis in the diagonal alone was 5.45, implying a 30.45 break even relative to where EWZ is currently trading at 27.90. I wanted to bring the setup break even closer to where EWZ is currently trading, and selling this put results in a net cost basis of 4.92 with a break even of the long call strike (25) + 4.92 or 29.92. I'll look to roll the short strangle (short put/short call) as a unit to reduce cost basis further, assuming we don't get a bodice ripper up to >32, at which point the diagonal should begin to converge on max.Longby NaughtyPines3
Swing trading EWS Brazil EtfEWZ Brazil Etf building a base where you may swing trade the 31 to 48 range. Cut loss below 26.50 the most recent low for a good risk to reward ratio. In this weekly chart, I think the ABC down from May 2008 top is already completed in 2016 & we are now in the wave 3 of the new cycle. If it bounces from the 27-28 zone, there is a 50% potential upside in this trading range in 2022. Note: It completed a big M-Gartley pattern bottoming in 2016 at wave 2 @17.61. From 2016 till now, it is building a channel base for a huge Wave 3 in 2022.Longby xtremerider8220
Rolling: EWZ January 21st 32 Short Call to February... for a .25 credit. Comments: The short call aspect of a long call diagonal, the back month long of which is at June 25 strike. Rolling at >50% max, reducing my cost basis further in the setup, which is now at 5.45 with a 31.45 break even.by NaughtyPines1
Closed: EWZ January 21st 25 Short Put... for a .28 debit. Comments: Closed via order to take profit at 50% max of what the January 21st 25 was worth when I rolled it from December to January. I rolled this once and collected a total of .90, (See Posts Below), so closing it out here results in a realized gain of .90 - .28 = .70 ($70).by NaughtyPines3
Rolling (IRA): EWZ December 17th 33 Short Call to January... for a .22/contract credit. Comments: Rolling the short call leg of my EWZ long call diagonal on approaching worthless (it's gone nearly no bid), the long leg of which is at the 25 strike out in June. (See Post Below).* My cost basis in the setup is now 6.37 with a 31.37 break even with a profit potential of the width of the diagonal (8.00) minus my cost basis (6.37) or 1.63 ($163/contract). I considered just allowing the short call to expire worthless, waiting for a bounce, and then re-covering the long call leg, but you never know if it will continue lower or sideways, at which point you say to yourself, "Well, if only I would've remained covered, I'd have reduced my cost basis further."Longby NaughtyPines1
Rolling: EWZ December 17th 32 Short Call to January... for a .25 credit. Comments: With only 14 days to go in the short call aspect of my long call diagonal/Poor Man's Covered Call, rolling it out on this little bounce here to reduce cost basis in the setup further. My cost basis in the diagonal is now 5.72 with the resulting diagonal spread being the June 25 long call/January 21st 32 short call.by NaughtyPines2
Another floor dropped under EWZ. EWZA dropping ETF with a beautiful impulsive A Wave. Since we broke Floor of Wave A, C Wave is confirmed by definition. And we now look to how low this one is likely to go. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!Shortby Rykin_CapitalUpdated 0
Brazil ETF LONGS This one is a long hold, Brazil will thrive. Bullish AMEX:FLBR AMEX:EWZ AMEX:UBR LSE:IBZL MIL:IBZL EURONEXT:IBZL SIX:IBZL.USDLongby MaverickTradingUpdated 2
Rolling (Margin): EWZ December 17th 25 Short Put to January 21st... for a .32/contract credit. Comments: Rolling here at greater than 50% max for a realized gain and a credit while keeping buying power effect essentially the same, since I'm rolling this "as is" (i.e., from the December 25 strike to the January 25 strike). I originally collected .58 in credit/contract (See Post Below), so have collected a total of .90 ($90)/contract with this roll relative to a current short put value of .57, so have locked in .37 ($37) of realized gains so far. 30-day implied is still pretty decent at 41.3%; otherwise, I'd probably just leave it alone running into expiry.Longby NaughtyPines1
Turning point for Brazilian Equities | EWZThe MSCI Brazil index has been the worst performing major market in the world since the beginning of 2020 even as the commodity price rally has helped drive a surge in earnings and dividends. Brazilian stocks have underperformed significantly due to excess fiscal spending, rising inflation, concerns over next year's election, and a collapse in iron ore cost. However, these risks are manageable today due to the country's improved external picture and the country's assets should outperform over the coming years. While the EWZ pays a dividend yield of just 3.0%, the 7+% forward dividend yield on the underlying MSCI Brazil suggests that EWZ investors can expect the yield to soar over the coming months. Brazil is a commodity based economy: Leader in sugar, soybeans, coffee, beef, oranges, ethanol, and iron ore with EWZ having reasonable diversification, but somewhat overexposed to Banking (24%) and Materials. (22%) With Iron Ore overdue for a bounce and a strengthening Brazilian Real, I believe the outlook for Brazil is becoming more favorable. On the weekly, RSI is starting to up tick out of oversold conditions and bearish momentum is bottoming. Want to see a break of the descending trend line before entering a trade. EWZ is on close watch. Risks: - Tighter monetary policy as the Central Bank of Brazil has been actively raising rates in an effort to contain inflation - Weakening commodity prices, particular Chinese Iron Ore. - USD strength as risk off sentiment is increasing ___________________________ ✅ If you found this idea useful, hit the like button, follow & share. ✅ Follow for swing ideas, trade setups and weekly 0DTE income trades. ✅ Don't hesitate to post comments, opinions and questions. 💸 WHAT IS 0DTE TRADING? The Chicago Board Options Exchange ( Cboe ) lists weekly options on the S&P 500 Index (SPX) with expirations every Monday, Wednesday, and Friday. Most options expire worthless and we take advantage of this by selling credit spreads to collect premium. This strategy allows us to profit if the market moves up, down or doesn't move at all. See profile to learn more!by 0dteTraders1
Closing (IRA): EWZ November 19th 28 Short Puts... for a .04/contract debit. Comments: In for .51/contract (See Post Below), out for .04 here. .47 ($47) profit per contract. by NaughtyPines0
Opening: EWZ December 17th 25 Short Put... for a .58/contract credit. Comments: With 30-day implied at 38.6% (i.e., >35), opening up some more EWZ in the margin account. On margin: .58 on buying power effect of 2.52, 23.0% ROC at max as a function of buying power effect. Cash secured: .58 on notional risk of 24.42; 2.4% ROC as a function of notional risk.Longby NaughtyPines221
Rolling (IRA): EWZ Nov 33 Short Call to December 33... for a .20 credit. Comments: Rolling the short call aspect of my long call diagonal in EWZ here. I originally paid 6.79 (See Post Below), so this reduces my cost basis to 6.59 and my break even to 31.59. Will look to now take profit at the width of the diagonal (8.00) - the credit received for the roll (.20) or 7.80.by NaughtyPines0