MT-Macro

Brazil Small Caps long from here

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MT-Macro Atualizado   
NASDAQ:EWZS   iShares MSCI Brazil Small-Cap ETF
With today's move in EMFX, and particular dollar strength...it's time to leg back into EM exposure. One EM exposure we like is Brazil. EWZS, the Brazilian small cap ETF, is sitting at it's lower Bollinger band on the daily chart, as well as approaching a cluster of EMAs. I'd leg into a small position here.
Trade ativo:
We will take some of our position off the table here. We got a nice bounce in BRL, but momentum isn't too strong. We will watch and wait accordingly.

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