Direxion Daily MSCI Brazil Bull 2X Shares (BRZU)

[THREE-DAY-TRADER]

I am personally waiting yet on BRZU. I prefer to error on the side of bigger sell offs before entering.
The basics of the stochastics, RSI, & MACD tell me to wait. It is getting cheaper, but I'd be cautious yet and wait some more.
Plus, Bovespa is still digesting the election of that Communist Dilma & I don;t see anything positive to help push it up at the moment. So I'd prefer to play it from defensive & look for the very oversold points to pick up a bounce trade.

It is too bad we don't have that BRZS to flip into anymore. I miss that thing.