Emerging Markets Bear: EDZ, YANG, BRZS
We recently had a cross of the EMA(13) over the EMA(34) with the MA(144) fast approaching on EDZ's chart. Emerging markets are facing some of the same problems as the U.S. Federal Reserve, namely, what is to be done regarding interest rates. Still a speculative buy at this point with a pullback possible since it has come into contact with a resistance line, but the next time the Slow STO (5) is below 30%, I'd buy. The three year view of EDZ is a nice-looking three tier declining fan with a breakout of the first fan appearing imminent.
|EDZ: Emerging Markets 3X Bear, Three Year View|
|EDZ: Emerging Markets 3X Bear Seven Month View|
|BRZS: Daily Brazil 3X Bear|
|YANG: Daily China 3X Bear|
I think TMV is a fantastic long term buy. For the TMV chart I have proposed what I believe to be the limits of TMV's range while it consolidates ($40 to about $47) after the previous descending channel. It too is a speculative buy as the EMA's are below the MA(144) but the EMA(13) has already crossed over the EMA(34) and I am betting will bounce off and back upward. The Slow STO (5) is currently below 20% so this is a great buy at this level.
|TMV: Daily 20 Year Treasury 3X Bear|
I continue to expound my sincere admiration for ERY which is looking fantastic at this point. The EMA's are closing in on the MA where any pullback to the EMA(34) should be bought. Despite the recent news that Arab allies and U.S. have expanded operations into Syria I do not believe oil prices will rise significantly. Thursday's EIA report should show us that reserves are being added to due to domestic production and Libya's largest oilfield is back online. Taking advantage of oil's decline can be done with DWTI (not shown). I am personally short crude oil at this point. USO's downward channel looks to be firmly in control and I am currently waiting for a breakdown on the weekly chart before I start adding more to my position.
|ERY: Daily Energy 3X Bear|
|USO: United States Oil Fund|
Jakob Richardson © 2014