UPGRADING BRAZIL IN THE SHORT-TERM $EWZ
This post was just published on ZYX Emerging Change Alert. We are upgrading Brazil in the short-term to Mild Buy. The ETF of choice is EWZ. The buy zone is $54 to $58. Suggested buy points are $54.68, $55.62, $56.26, and $57.29. The strategy behind this call is ‘reversal to mean.’ The Brazilian market has lagged other markets this year. The Brazilian market is likely to catch up. The Brazilian market is up against stiff technical resistance; however if the rally in the global stock markets continue, the resistance is likely to be broken. The composite result of our indicators for