News Focus
News Focus
Followers 102
Posts 29350
Boards Moderated 3
Alias Born 09/17/2006

Re: DewDiligence post# 2857

Saturday, 06/18/2011 9:40:06 PM

Saturday, June 18, 2011 9:40:06 PM

Post# of 30493
More on Brazil---EWZ,

LA and Texas suffer while Brazil oil brings a boom to the Brazilian's

http://blogs.forbes.com/kenrapoza/2011/03/23/as-us-oil-rigs-leave-for-brazil-permits-and-prices-only-factor/

I like EWZ, but not in right now as the world's markets are a bit precarious.

Chart -EWZ needs a clean break

1. A close above the 200 and 50 day moving averages is a good ad point , IMO.
2. A new alltime high close would be another add point.
3. I call it a hold now, all markets look a bit weak.

http://stockcharts.com/h-sc/ui?s=EWZ&p=D&yr=2&mn=8&dy=0&id=p04336347586

I had a Jim Rogers video, but deleted. He like Brazil for it's natural resources.

Other Brazil ETF's that might be worth a look>>>
http://stocksabroad.com/modules.php?name=Brazil_ADR

GL ALL

Trade Smarter with Thousands

Leverage decades of market experience shared openly.

Join Now