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ETF Alpha: ETFs to buy this week.


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ETF alpha - ETFs to buy this week.

For our ETF Alpha trading section, we like to follow / track the following ETFs listed below. This provides us with variety of potential trades and ETFs to buy for the week ahead. With a total of 16 ETFs – we essentially hope to find one or two good trades for the week.

We will layout the potential trades for you, and it is up to you to decide which trades you like to take. If you are not sure what an ETF is, or would like some more information regarding the benefits of trading ETFs, please read our post here.

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Direxion Daily MSCI Brazil Bull 3X ETF (BRZU)

Last time BRZU was at these levels it shot up to mid-$60s. This ETF has taken a beating from its high of $65 from Jan of this year – down about 60{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15}. it appears that BRZU has found a bottom and has begun to make moves to the higher $20 – low $30s. The resistance is at $27 – if BRZU is to break through the $27 resistance look for it to break to $35.

Buy range: $20 – $24
Targets: $27 (+12{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15}) – $35 (+46{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15})
Stop Loss: $18

Fund Summary
The investment seeks daily investment results, before fees and expenses, of 300{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} of the daily performance of the MSCI Brazil 25/50 Index. The fund invests at least 80{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds (“ETFs”) that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to measure the performance of the large- and mid-capitalization segments of the Brazilian equity market, covering approximately 85{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} of the free float-adjusted market capitalization of Brazilian issuers. It is non-diversified.

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Dr. Tiam Feridooni

Written by: Dr. Tiam Feridooni MD, PhD, BSc Dr. Feridooni, graduated from Dalhousie Medical School in May, 2018. Prior to enrolling in medical school, he completed his Bachelor of Science with Honours in 2010 in Biochemistry. He then obtained his PhD at Dalhousie University in Pharmacology in 2014, with a focus around regenerative medicine and stem cell transplantation. Dr. Feridooni has been published numerous high impact journals and has also co-authored a few books.

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