Brazil ‘Bout Ta Get Naughty
Happy New Year. I am not wasting any time this year so let’s jump right in to it, shall we?
Omahacharts and company put on a trade this past Monday and giggled all the while. While others were debating geopolitics, yield spreads, and corporate profit targets for 2019, we were gearing up to do the only thing that matters in this game. Make money.
How are we going to do that you ask? With a position in EWZ. (the iShares Brazil ETF for the uninitiated)
Here is what we saw…
Don’t make it spell it out for you… Use your imagination.
Not a pattern they teach in the technical analysis books.
I am bringing the heat in 2019, so get ready to keep up or get out of the way.
I hope you and yours have a happy, healthy and prosperous 2019.
Trent J. Smalley, CMT