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Gabe Varga
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Gabe Varga, CMT, is the founder and president of Axiomix, Inc., an investment research firm that provides technical analysis and algorithmic asset allocation models for mutual fund and ETF investors. is a market research tool that was developed by Gabe for tracking the sector... More
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Axiomix, Inc.
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Fidelity Trends
  • Turkey, China And Brazil Were Hit Hard In The Sell Off Today. 0 comments
    Jan 23, 2014 10:49 PM | about stocks: TUR

    Renewed worries about the slowing Chinese economy and the currency devaluation in Argentina caused a sell off around the globe today.

    Not surprising that three widely-held ETFs, the iShares MSCI Turkey Fund (NYSEARCA:TUR), the iShares FTSE China 25 Index Fund (NYSEARCA:FXI) and the Brazil iShares Fund (NYSEARCA:EWZ) sold off, as well. The charts below show that all three ETFs have continued to move lower in bearish trends and should be avoided until conditions stabilize.

    Themes: FXI, EWZ Stocks: TUR
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