{"id":726,"date":"2012-03-19T08:01:04","date_gmt":"2012-03-19T12:01:04","guid":{"rendered":"http:\/\/morpheustrading.wordpress.com\/?p=726"},"modified":"2022-04-06T15:07:32","modified_gmt":"2022-04-06T19:07:32","slug":"wagner-daily-lite-march-19-2012-brazil-ewz-ready-to-rock","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/wagner-daily-lite-march-19-2012-brazil-ewz-ready-to-rock\/","title":{"rendered":"Wagner Daily Lite \u2013 March 19, 2012 \u2013 Brazil ($EWZ) Ready to Rock?"},"content":{"rendered":"<p><span style=\"font-family:Arial, 'MS Sans Serif', Verdana, 'Times New Roman';\">Stocks ended the session mixed on heavy trade. The NYSE and S&amp;P 500 posted modest gains of 0.3% and 0.1% respectively. The Nasdaq closed fractionally lower, while the Dow Jones Industrial Average, S&amp;P MidCap 400 and small-cap Russell 200 all shed 0.1%. The airline, home builder and automotive sectors displayed relative weakness on Friday, while coal and oil services showed strength.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family:Arial, 'MS Sans Serif', Verdana, 'Times New Roman';\">For the third time in as many days, the session closed with internals mixed. Volume skyrocketed on the Nasdaq by 20.7% and on the NYSE by 58.4%. Advancing volume outpaced declining volume by 1.2 to 1 on both exchanges. Although the Nasdaq narrowly missed an accumulation day, the NYSE saw institutional buying as it closed at a new 52 week high.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family:Arial, 'MS Sans Serif', Verdana, 'Times New Roman';\">Since testing its 50-day MA on March 12th, the iShares MSCI Brazil Index Fund (EWZ) has been consolidating in a pennant like formation at its 20-day EMA. A move above the seven day high of $68.30 could provide a buying opportunity in this ETF. We are adding EWZ to the watchlist. Trade details can be found in the watchlist segment of the newsletter.<br \/>\n<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/charts\/2011\/120319EWZ.gif\" alt=\"\" border=\"0\" title=\"\"><\/p>\n<p><em><\/em><em>The commentary above is an excerpt from our nightly Wagner Daily newsletter. Subscribing members receive detailed entry and exit prices for our swing trade setups,\u00a0<\/em><em>additional annotated ETF and stock charts,\u00a0<\/em>technical market commentary, and access to our Live Trading Room.\u00a0<strong><a title=\"Become a subscriber\" href=\"https:\/\/morpheustrading.com\/services\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to become a member for as low as $58 per month.<\/strong>\u00a0Your full satisfaction is guaranteed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks ended the session mixed on heavy trade. The NYSE and S&amp;P 500 posted modest gains of 0.3% and 0.1% respectively. The Nasdaq closed fractionally lower, while the Dow Jones Industrial Average, S&amp;P MidCap 400 and small-cap Russell 200 all shed 0.1%. The airline, home builder and automotive sectors displayed relative weakness on Friday, while [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[],"class_list":["post-726","post","type-post","status-publish","format-standard","hentry","category-stock-trading-strategy"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=726"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/726\/revisions"}],"predecessor-version":[{"id":11804,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/726\/revisions\/11804"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}