EWZ Resistance

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

Rolled into some June 7 puts.

Trade wurde manuell geschlossen:

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.

Kommentar:

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.