North And South

For a change of pace, here are two country funds – one above us (Canada), one below (Mexico) that seem like appealing short-sale candidates. I have shorted Canada with a stop at 28.30; take note of those red lines, how the uptrend has changed to a medium-term downtrend.

(Click on image to enlarge)

I’ve also shorted Mexico with a stop at 44.91, which is where that red horizontal is located.

(Click on image to enlarge)