A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

As Brazil goes, so goes the market?

Lately, it’s been Brazil that’s been acting almost as a proxy for the market as a whole. Take a look at ProShares double-short Brazil ETF:

I would consider buying this one (i.e. shorting Brazil) on a breakout above the trendline shown ($25), which also right now is the resting point for its 20 and 50 day moving averages.

1 comment to As Brazil goes, so goes the market?

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>