Macro Monday 57 - Venezuela Update I'll have more charts for you over the coming week but feel this is an important event that could help shape South America's economic trajectory over the coming 5 - 10 years Last week I shared the country that has the largest oil reserves in the world, Venezuela. I noted that Venezuela stands at a critical juncture, with...
Macro Monday 46 Emerging Chart Trend in South America and Brazil Brazil is the largest economy in South America, followed by Argentina, Chile, Colombia, and Peru. These 5 countries together hold a huge 90% share of the South American economy. Today we will look at index charts for South America and Brazil to get an overall initial technical picture from...
This is a list of my personal portfolio selected ETFs with the simplest visuals, using MACD as the only technical indicator and the trend lines with breaks or breakdowns to give us a new series of PSV charts. ;-) Note that these are using Weekly charts, and a break out is qualified when there is a trendline break out accompanied by a MACD crossover (within a week...
Just an odd observation that LATAM is robustly holding up, and appears to be coiling for a triangle breakout. NOT ready yet, but ahead of the curve, and technically appears to have some potential. Alert levels set... keep an eye on this. Anyone knows why LATAM might be forming up?? Do share your views pls...
I find these two charts absolutely fascinating right now in the face of the geopolitical changes happening. This idea stems from a pretty simple question: Who stands to benefit the most should supply chains need to be retooled because our current providers fail? If the economy in China implodes due to civil unrest or a structural change in CCP/PRC leadership,...
Just by chance, the Latin America ETF (ILF) was noted to be doing very well this week as the S&P500 and friends are given a beating. In a bigger picture perspective, a descending triangle has been formed in the last 12 years. While the upside to resistance may be smaller than previously, it is also projected that IF and WHEN there is a breakout, Latin America...
The ILF ETF is developing an interesting consolidation structure that suggests more declines on the Latin American Stocks market. Merval should follow the same bearish direction.
The correlation between SLV and BRF is more prominent that with GLD. Nonetheless the relationship between these asset classes are quite distinctive. long BRF, LBJ, ILF