The entire All Star Charts team and friends are gathered, analyzing charts, having insightful discussions, identifying trade opportunities and delving into trading psychology.
A main theme from this morning's discussion was the importance of setting aside our home-country bias.
As investors, it's crucial to recognize that there are valuable opportunities abroad that we cannot afford to overlook.
One country in particular that stands out is the MSCI Argentina ETF $ARGT.
Let’s take a look at the chart:
As you can see, ARGT has been stair-stepping higher in a near-vertical line, since it gapped up in November following the election last year.
Not only is ARGT making new all-time highs... it is the best-performing country ETF this year with a 37% return.
It's core holding, MercadoLibre $MELI is just now breaking out of a massive base. We wrote about it a few months back. The stock is red hot right now.
In fact, the entire basket of international online retailers are hot.
At Portfolio Accelerator today, Strazza was pounding the table about another online retailer based in Asia. He thinks these are some of the best trades on the sheets right now.
And from a global equities perspective, I think Argentina and MELI are some of the best trades.
Lucky for us, we can get long all of them.
I'd really appreciate it if you could spread the word!
If you know anyone who might find this valuable, feel free to share this note to them.
