Dark Pool Trading In Brazil’s Stock Market ETF $EWZ

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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.

Brazil ETF EWZ stock chart with dark pool trades in orange bars and a table of individual dark pool trades to the right of the chart on October 22, 2022.

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.

Table of bullish option flow in Brazil ETF EWZ 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.

$38 call option contract in EWZ showing orange bar at 2,500.

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, 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.

Brazil ETF chart on October 22, 2022, with a positive MACD and positive money flow.
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