Friday, November 30, 2012

VNM, EWP, EPI, EWZ - Trading Updates

So I sold VNM yesterday - of course - right after that VNM jumped and ended the day positive. That's fine. It still does not look like that it has turned the corner. I will continue to watch and will re-enter if the momentum changes for the better.

I invested part of the VNM money in EWP - and it has had a good couple days. It is early going so it would need to be watched - but at least it not a dud from the beginning.

I am now watching EPI carefully. It had a big jump yesterday and the uptick continued today. If the positive trend continues until Monday then I will look to take a small 1 unit position.

Lastly, EWZ is still dropping but it above the long term support of around $50. I am fully expecting it to bounce from that level. When that happens I am looking to enter into both a trading position and also a long term buy-and-forget position. I think Brazil will do well in the long term and getting into a position for the long haul at today's low low prices might be a smart move.

Jacques-Louis David's The Oath of Horatii

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