The Latino Trump was inaugurated, and it looks like EWZ (Brazil ETF) is now breaking our of a bull flag similar to last year. Can't say I'm bullish on the market, but this might be a good short term trade. Long EWZ Jan 11 calls. I've been playing with EWZ for a while, surprising amount of liquidity in options for EWZ (Brazil) and EWW (Mexico).
Also long on XRT and GM, but I think we're looking at day trades there.... closing both when GM or SPY closes the morning gap.
For those following me.... flipped the MNK and FB puts on open, as usual.
Also long on XRT and GM, but I think we're looking at day trades there.... closing both when GM or SPY closes the morning gap.
For those following me.... flipped the MNK and FB puts on open, as usual.
Note
Flipped the GM and XRT calls, take the easy money and run. Like I said, GM gap close...Still long on EWZ & EWW calls.
Note
Note: EWZ and EWW are not currency hedged, so you're betting on currency as much as the stock market. USD/BRL forming a head & shoulder, and USD/MXN double topped. Always pay attention to what the currency is doing when buying/shorting unhedged foreign funds.On a side note, the Lyra is tanking again. Might be time for some TUR puts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.