EWZ Resistance

May 30, 2019

IBov at resistance USD/BRL at support, so EWZ is hitting resistance. Divergence on the hourly.

Rolled into some June 7 puts.

May 31, 2019

Trade closed manually

Don't like the way the currency is going, closed it out this morning for a small profit.

I should have stuck with EWW, lol. At least I bought some GM puts.

May 31, 2019

Note

If you play these foreign market ETFs, pay attention to the currency exchange. In all reality, this should have gapped up today, but the computerz sold off everything because of futures. Knowing it was trading below NAV, I closed out my position while I had a profit (though small). Eventually the ETF price corrects itself.

I made a killing on TUR puts when the Lira tanked last year.