Macro Monday 57 - Venezuela Update I'll have more charts for you over the coming week but feel this is an important event that could help shape South America's economic trajectory over the coming 5 - 10 years Last week I shared the country that has the largest oil reserves in the world, Venezuela. I noted that Venezuela stands at a critical juncture, with...
McDonalds in Latin America ---- good value and growth metrics. Strong uptrend. It's my buy at the pullback.
Among the leaders in country index funds this week, ILF soared more than 9%. Top equities here are miners and banks, two of the best performing industries, especially in the last week. In general, markets are poised for a positive move. SPX appears poised to test the 40 week moving average some 9% higher at 4100. ILF has potential to touch the 31 level, nearly...
Just an odd observation that LATAM is robustly holding up, and appears to be coiling for a triangle breakout. NOT ready yet, but ahead of the curve, and technically appears to have some potential. Alert levels set... keep an eye on this. Anyone knows why LATAM might be forming up?? Do share your views pls...
Just by chance, the Latin America ETF (ILF) was noted to be doing very well this week as the S&P500 and friends are given a beating. In a bigger picture perspective, a descending triangle has been formed in the last 12 years. While the upside to resistance may be smaller than previously, it is also projected that IF and WHEN there is a breakout, Latin America...
After the IPCC's recent report showing that the North Atlantic Current may be on its last legs, I decided that I needed to diversify away from the US and Europe a bit. (If the North Atlantic Current fails, it would cause massive, disruptive climate change for Europe and North America.) So I committed to look for opportunities in some country ETFs. The one I've...
Despegar.com, Corp., its an online travel company that provides a range of travel and travel-related products through its websites and mobile applications in Latin America. The company operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets; travel packages, hotel rooms, car rentals, bus tickets,...
Lila is strong southern american stock, I am expecting strong move this year, really good hold for upcoming years.
MELI BACKGOUNDS MercadoLibre (MELI) is an online e-commerce and payments platform. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The company provides users a platform for buying, selling and paying. Born in 1999 and founded by Marcos Galperin, its the largest ecommerce company in Latin...
An interesting way to see how countries are doing is by the iShares of the country. Mexico had seen a breakout, but very quickly gave that up, creating a failed breakout. Next support & resistance levels are drawn in the chart. 50sma and 200sma look like they will start trading together. Mortality rate there is the highest in the world unfortunately.
My outlook for upcoming days: *I don't wanna see price get below 3680s. ->If price drops aggresively below that level I will stay sideline and wait for more info. *Next short term bullish objective: 3800 big fig.
The "Future of the Gas Station”? (“Christ the Redeemer of Oil?”) One of the most beautiful (UNBELIEVABLY beautiful) and largest “mega cities” in the world which is also named one of the New Seven Wonders of the World is (in) the city of Rio de Janeiro. Perhaps the only other mega-city “city” on Earth that can come close to matching the natural amazing cliffs and...
The success of "North American Currency" is interconnected with Exotic Post Modern "Latin American" Currency? What is the future of Latin America Currency as a whole? Latin American Currency or “Cash/Money” is by many standards some of most complex and significant “Exotic Currencies” on Earth. South American, Central America and the Caribbean include many...
The Colombian peso has been making headlines lately. There are calls of Colombia to dollarize amidst some expert calls that the COP might be overvalued by as much as 30%. This chart is an update to my last year's chart that correctly forecasted the current price range in the usdcop pair. According to this chart, continued dollar strength and a weak cop could see...
The Chilean Market could see new lower lows between $37.4 and $35.4, from where the price should find buyers expecting to create a major degree connector. Invalidation level is above $46
LATIN AMERCA 40 ETF DOUBLE BOTTOM REVERSAL PATTERN
No matter what the odds for the Merval Index might be, in approximately a couple of days we should see some drastic movements. Taking into account the momentum, it is likely that it will go up. At least, this is what we are all waiting and hoping for. Fingers crossed!!