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Author: Bruce Powers

Is Mexico ETF EWW ready to turn back down?

iShares MSCI Mexico Index Fund (EWW) may have completed a rally last week that could lead to further downside. The underlying pattern structure of EWW over the past six-months has many similarities to the S&P500 Index. EWW...

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Bullish breakout – Brazil ETF EWZ

iShares MSCI Brazil Index Fund ETF (EWZ) broke out of a well formed head and shoulders bottom reversal pattern last week along with a pickup in volume. It has now closed above the 200 daily exponential moving average (ema) for...

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Market update for the SPY (S&P500)

Since the SPDRs S&P 500 Trust Series ETF (SPY) found support at $110.27 four weeks ago the 38.2% Fibonacci level of the uptrend measured from the March 2009 low — its been tracing out a Bearish Flag formation. The...

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Dollar ETF UUP turns bullish – for now

UUP, the PowerShares DB US Dollar Bull ETF, gaps up off support in the area of confluence of several Fibonacci measurements, with a surge in volume. This may be an indication that the recent low of $20.84 will hold, at least for...

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