Wednesday, June 16, 2010

Latin America On The Move


A few days ago I posted about how Latin America will lead us higher and that is exactly what we are seeing take place right now.  Above is a chart of ECH which is the ETF for the Chile Index Fund. Notice how this ETF just made a fresh 4 month high today while our S&P has only made a 3 week high.

Volume has also been increasing on this rally which is a sign that money is pouring into this ETF. Latin America is definitely something that we should watch closely.

No comments:

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites