22Apr2:42 pmEST

Emerging Market Temptations

Petrobras has a similar chart setup, seen below on the daily timeframe, to many other energy stocks out there right now which we are looking today. 

PBR also has, of course, emerging markets exposure. And in addition to Brazil (EWZ) China (FXI) is pushing higher yet again. I see some setups developing in this space, too. 

For now, PBR above the highlighted (purple) consolidation can be considered a long setup if energy and Brazil see a secondary rally higher off recent lows.  

Tonight should be a big one, with FB and others set to report en masse after the bell. Watch to see if FB can finally leave $82 in the dust. 

A Good Look at Bouncing Alon... Stock Market Recap 04/22/15


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