Top 10 holdings of EWW according to Yahoo: This doesn't help me much. I recognize a few; like Cemex and Wal-Mart; Fomento Economico and Grupo Finaciero Banorte may be bank related, Grupo Televisa must be similar to our Orwellian Ministry of Truth. I have no idea what Grupo Bimbo might be; a group of Bimbos? Any help?
I'm starting to like this Snuff. Looks like they are taking it down for one last cleansing of the unwashed. Don't want to see much supply come into this market. Daily Sticks:
Reiterating the call on Mexico....should you chase here? Probably not but if this is a long term bottom it will not matter. Been all over this Mexico Peso play.
Looks like it's having demand issues getting over 47.02. But it still has 30 minutes til the close. If it gets over that, it should head to the top of the larger trading range...ehh?
47-48 is going to be tough. May not get through it this time either...however with the USDMXN unwinding...I believe it will...
Closed above the 47.02 but I see what you mean; the supply bars of November 9th and 10th are going to be a hard slog to get through.
