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MXF

CX: Interesting monthly and quarterly signals$CX is an interesting company here. I have liked the negativity surrounding Mexico, and emerging markets since Trump got elected, now we have a solid breakout on strong volume, and a potential monthly and even quarterly uptrend taking off from here. $CX has had strong growth in the past quarter and year, I think it can be a solid performer going forward. Management efficiency has been high, when compared to the average of the past 5 years. Fundamentals are solid, with a decent 5.9% earnings yield, 15% free cash flow yield, this company might be a great value play going forward. Cheers, Ivan Labrie.
NYSE:CXLong
by IvanLabrie
3
Mexican Peso: Weekly uptrend triggered, above resistanceThe Mexican Peso is now trading above the US Presidential Election key resistance level. Price could soar from here, we can enter longs and add on dips, or average in during a few days to a month. Returns are over 10% at the very least, in the coming 2-3 months. Negativity against the Peso kept many traders skeptical of this rally, all the way up. This is usually the case with any trending market. It's key to identify which are trending to ride significant moves. We can find very low risk entries using the T@M methodology created by my mentor, Tim West. Best of luck, Ivan Labrie.
Long
by IvanLabrie
4
USDMXN: Fading the irrational rally, viva Mexico!This morning I bought an $MXF stake at the open, and shorted USDMXN at 20.0022. I think we might be in the presence of an 'ending diagonal triangle', or terminal wedge, in Elliott Wave parlance, in particular according to the Neowave rules. If that's the case, we will a see brutal rally in the Peso, sending USDMXN down to 16.43 in approximately the time the arrow indicates on chart. My clients are long MXF but not in the USDMXN trade, it is a higher risk trade, so only take it if you have higher risk tolerance and don't risk over 1% on it. The initial move in equities and the peso made absolutely no sense in my opinion after discussing it with Tim West. We've been buying on weakness today, along with my clients and the people over at the Key Hidden Levels chatroom -and with great results if I may add-. Apparently Carl Icahn tagged along, buying a neat 1 billion worth of stocks today. Good luck, Ivan Labrie.
Short
by IvanLabrie
7