I may short EWZ (Brazil iShares) if it breaks down below the 50 day MA at $38.99. Note the lower highs and volume on the decline versus the rise.
3 responses to “Chart: EWZ”
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bearish engulfing candle forming on UARM? we’ll see where it closes…Your EWZ chart is interesting: GOL, UBB, and BBD on my short radar (no currernt positions) and I believe they are all Brazilian companies; however, i have no idea if they are included in the EWZ…
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UARM is right at resistance. I would wait for a “tell” before going short.
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hope you are still holding your DHI!
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Paul J Singh 
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