Q. Professor, with the post-election rally, what charts are you watching to signal global opportunities?
A. Last week, I featured my largest Global Economies 2016 Performance chart to identify trading opportunities when the momentum slows. It identified Brazil as the performance leader while the Italian Index was the laggard.
Some people emailed and asked how to play the then upcoming news from Italy. My answer; trade what you see and not what you think will happen. Since 2002, in my classes and seminars, I have taught thousands of students how to reduce costly mistakes and build financial wealth. The students that jumped into trades thinking they knew what would happen after an event were the first to blow out an account. More about this later.
Today, I track my favorite Country ETFs for Brazil and Italy. *Click here for my FREE online classes on how to trade my Simple Simon Systems. I am watching for breakouts or breakdowns with EWI Italy (B-red box) and EWZ Brazil (A-blue box). Also, have these funds hit my Simple Simon Buy or sell signals? *
With December seasonality, the current Bull run could set up some dandy short trades when profit taking hits. The question is-will you be ready?
What’s next? I introduce my Simple Simon System to see if trades with EWI and EWZ are developing. To get a head-start, click here for my FREE online class on how to trade my Simple Simon System.
Send your questions to eyeonthemarket@outlook.com. If selected, you will receive two weeks of my daily posts-on me!
Plan your work, work your plan, and share your harvest!
DAVID O. ENGLAND is the founder of the Eye on the Market-Training Academy and Associate Professor Emeritus of Finance. This column is presented for educational purposes only and not intended as financial advice.
This information is for Educational purposes only. It shall in no event be construed or interpreted as an offer or recommendation to buy or sell securities of any kind.
