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ARGT

ARGT: Argentinian shares bottomed after the Primary electionsIt seems Argentinian stocks have bottomed here for now, after basing for 5 weeks, daily charts show some strength but there's risk going forward after the elections by October 27th. If the next president manages to surprise investors positively, the situation here might improve, and inflation drop down if the dollar is kept in check, and investments start flowing back to the region. I'm skeptical, but risk/reward favors being long from this zone, with a stop under the 22 handle. The main problem remains being the need for labor reform, and reducing the influence of unions, and the enormous government spending, cutting taxes, and stopping the printing press... Let's see how it goes. Cheers, Ivan Labrie.
AMEX:ARGTLong
by IvanLabrie
6
ARGT: Trend is upMacri's counter offensive move, in response to Cristina Kirchner's presidential formula strategy was a brilliant one, picking Pichetto as his Vice-President for the upcoming October elections. Pichetto is a man from the Peronist party, but who is not afraid of bipartisan politics in Congress, and who wants to work for the President in Congress, and not force government shutdown. Many dislike this trait of his, but him being a strong defender of small and medium enterprises, and most likely helping Macri lead the country towards proper capitalism, with some luck, is what got investors bullish again. The $USDARS pair dropped rapidly, and the 2-Week timeframe uptrend signal I had forecasted in it failed. The Dollar didn't hit 49-50 in time, despite the Central Banks pathetic actions in the last year, and Macri's political antics might have turned the trend in it for the next 16-19 weeks. $USDARS might sink towards 37 again, if things go really well. If Cristina were to win, Alberto Fernandez is a man who might keep her extreme pseudo-socialist ways in check, or at least this is what investors seem to think, given the reaction of markets to the formula. Hopefully, whoever wins, stops the ridiculous spending, and insane taxing, which is choking anyone trying to build ANY kind of business here...since small and medium sized enterprises are the main sources of jobs in the country atm. This might help the currency do better, and reduce inflation. For this, government needs to reduce its size, which is not too likely to occur if Peronists win this time around, but also not extremely likely to occur if Macri is elected again, either. My reccomendation is to not own too many Argentinian assets, overall, but I'm slightly optimistic going forward. Best of luck to us all, Ivan Labrie.
AMEX:ARGTLong
by IvanLabrie
"Top and Bottom Analysis" GGAL by ThinkingAnts4H CHART EXPLANATION - As in our Weekly / Daily Vision, price bounced from the Confluence Level and broke the Ascending Channel. - It has potential to move down towards the 17,94 Support Zone. - However, theres a Bullish Divergence wich could be anticipating a Pullback to the Broken Ascending Channel. We will be waiting for a resolution before looking for sell setups. Updates comming soon! MULTI TIMEFRAME VISION: - Weekly - Daily
NASDAQ:GGALShort
by ThinkingAnts
2
Copper: Market barometer...Monthly trend signal activeCopper has once again fired an uptrend signal, similar to what happened during November 2016 and July 2017. If we track the relationship between copper and $EEM, $SPY, $PBR and $USOIL, we can see that every time copper breaks out into a trend, there is a bottom in in emerging markets and oil, and $SPY receives a boost if bullish, or, could form a turning point as well. Every time Copper has hit one of the targets or time targets, we had a correction in other markets shortly after. In this regard, it acts as a very effective barometer for growth and broad market health. I'm rotating towards EMs after having sold my hefty $SPY position yesterday at the open. I'm bullish on $EEM, $PBR, $USOIL, and others (like Argentina), the valuations are attractive and spreads vs developed markets offer a great arbitrage opportunity as well. Avid pair traders might be able to short select US equities and long EMs against, or play the spread between copper and oil that currently is an attractive proposition as well. The monthly rally in oil has at least 2-3 more months according to the signals from 'Time @ Mode' analysis that I could find, and upside to a maximum of roughly $89. Best of luck, Ivan Labrie.
FX:COPPERLong
by IvanLabrie
4
ARGT: Great long entryI'm long $ARGT indirectly, recently added to all my shares in the local market (yesterday on close to be precise). I anticipate a massive rally from here onwards. People have been pannicking lately, this increased to monstrous levels with the upcoming parliamentary elections, and now the talk of thermonuclear war. Recently I read an anecdote from Mike Epstein, at Tom McClellan's twitter feed. The key point, was that, the market will probably bounce if nuclear war doesn't start...and if it does, who cares if we lose on this trade, right? :/ Here's a link to the tweet, I suck at narrating stuff: twitter.com Anyway, Argentina is in a very strong uptrend, and the recent pullback is a terrific uptrend for the very significant growth potential it has, discounting political risk and currency risk, if the government eventually delivers. I'm betting they won't disappoint investors. Best of luck to all of us... Ivan Labrie.
AMEX:ARGTLong
by IvanLabrie
16
BMA: Holding longsThe trend is very strong in the monthly timeframe. Every single signal has worked, telling us before hand what the market would do, with actionable setups and extremely perfect accuracy. BMA is a good performer, with still a modest valuation, and expected to deliver in the coming months, specially if the government's infrastructure plans pan out favorably, since they are going to benefit from it, being the largest bank outside of Buenos Aires. You can read more about it here: xbma.org The daily chart offers a good low risk entry here, in case you missed it at lower levels. I'll add the ADR chart in the comments. Cheers, Ivan Labrie.
BCBA:BMALong
by IvanLabrie
ARSUSD: Hold pesos, term deposits yield 17% per yearI'd hold pesos now, personally. As part of my currency holdings. I wouldn't be in USD if possible, and would prefer other assets, like foreign currencies, EEM shares vs SPY shorts, TLT longs, gold/silver/bitcoin/ethereum, undervalued selected stocks, TSLA shares, VLKAY shares, perhaps the new COIN etf shares once they are released, Argentinian stocks on corrections or dips, names like BMA, CRES, IRSA are my favorites. I'm out of them, but looking to rebuy on dips. People are terrified, they fear a crisis, they fear the local currency and stocks, they fear Trump...Many are closing businesses they recently opened, out of fear of the government's actions but I think it's a sentiment extreme and should be faded. I remain optimistic. Good luck, Ivan Labrie.
Long
by IvanLabrie
1