Crude oil fell, as ordered
The ETF dropped when it reached the right altitude
More decline ahead for copper mining fund
Bears need to wait for it to reset first
A warning to crude oil bulls
The last high was probably an overshoot
Russell 2000 ETF still reaching for higher targets
Consider a “base hits” trading approach now
Copper mining fund points downward
Here are some potential entry areas
iShares 20+ Treasury Bond ETF (TLT)
TLT has been trading in a tight range for the last several months, making short stabs at breaking lower but finding support at tests of prior swing lows. I lean to support failing over the next several months and pushing for a rough support area of 112.00 to 110.
Russell 2000 ETF (IWM) Update
The Russell 2000 ETF (IWM) is very late in the advance from the 2016 and likely the 2009 low as well. It is aggressive to sell to short but certainly makes sense to lock in profits especially if you went long or added in the consolidation earlier this year.
Time to cash out on your currency trades?
Dollar chart says manage your positions
Brazilian stocks can travel lower after a bounce
There should be a trade soon
iShares MSCI Brazil Index ETF (EWZ)
By request, here is a look at the ETF that covers Brazilian equity. Looking at the weekly chart below, you will see that I am calling the move from the 2008 high to the early 2016 low a completed three wave corrective structure. Up from the 2016 low, I think you can call that an impulse up for [i] or [a]. The current swing down this year should only be the first move down in a three wave formation for [ii] or [b]. Prices have bounced from a Gann related support at 31.37 though I favor a test of that low or a new low before the impulse is complete. The idea of a new low in (a) is alive as long a the bounce stays under Fib resists at 35.16 and 37.62.