C.O.B.R.A. Sell Alert: Take Profits On iShares Brazil Calls

Since the war in Ukraine, EWZ has been in an upward trend as investors look to Brazil to supply oil, metals and agricultural commodities that Russia will not. EWZ is now overbought as the chart’s 50-day CCI indicates. Let’s sell at a nice gain and watch EWZ for another trade in the future.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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