For a nice risk/reward trade, take a look at EDZ, 3X bearish emerging market ETF. Price has been forming a rounded bottom since early February at around $12, a series of higher highs and higher lows mark a nice uptrend forming, and positive MACD divergences have been picking up since March. This one has a tendency to gap up and pullback so don’t chase it on gaps, but buy it on dips. (more…)