Week 30 – 3 August 2018

These are the trade that I will follow during the week. I comment as an opinion and should not be taken as financial advice. If you have any doubt, read the Terms and Conditions of the site.

The entry point was given at 16.19 over the closing of the week when YPF crossed above the green line of 21 periods and in 16.52 on the closing of the week it lateralizes and gives the exit.

EWW is an ETF that represents MSCI Mexico, gave on the 4hr chart a short selling trend signal, therefore following the methodology we must look at the chart on the right for operations that can comply with this trend, it is When the EWW crossed  the 21-period green line from top to bottom at 52.03 (entry) and the momentum cuts the line from zero downwards.
The exit occurs when the price loses strength in the direction of the trade and begins to lateralize at 51.23

UVXY is ETF  very volatile and difficult to operate, so you have to be very careful with this financial instrument. It gave a signal of potential long trend in 4hr, therefore it was looking for buy trade in 1hr and the same occurred when UVXY crossed above the green line of 21 periods in 9.60 but after a while the buy trade was canceled, because UVXY crossed in the opposite direction to the trade the same green line MA21 giving exit in 9.62 and not giving any profit.

FENSA gave a Potential sell short trend on the 4hr chart on the left and from that point on, it looked for short selling operations in the 1hr chart on the rigt, and the same occurred when FENSA crossed below the green line of 21 periods at 182.95 and at the same time the momentum cut the zero line down confirming the weakness of the price, the exit is given when the FENSA price begins to lateralize at 180.90.