Dark pool trading occurred in the Brazil ETF $EWZ on October 21, 2022. We think the dark pool trades were buy orders because of how $EWZ rose after the prints hit the tape.
Make sure to review this lesson on dark pool trading so that you understand the chart above.
Bullish Option Flow Detected In $EWZ Stock
Bullish option flow occurred in the Brazil ETF $EWZ stock on October 21, 2022.
Make sure to review this lesson on option flow so that you understand the image above.
In particular, the November 11, 2022, call option expiring November 11, 2022, with a $38 strike had volume explode higher.
Brazil Economy
Brazilian Economy Minister Paulo Guedes predicts that the country could grow up to 4% annually for 10 years.
The Bovespa is in an elite group of stock markets that are in strong uptrends right now. The reason is that Brazi is primarily a commodity exporting country. Brazil’s top exports are Soybeans, Iron Ore, Crude Petroleum, Raw Sugar, and Frozen Bovine Meat. Commodity prices have soared over the last year, putting Brazil’s stock market into a strong uptrend.
Brazil, Latin America outperform major global indices as emerging markets come into focus
Brazil ETF $EWZ Technical Analysis
The Brazil ETF $EWZ is in a technical uptrend. The market is approaching overbought territory, so look for profit taking.
