Brazil ETF’s Chart not too Inviting

The embattled iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) jumped 2.3% on volume that was 78% above the daily average Thursday. EWZ, the largest Brazil ETF, was helped to the upside by 6.2% gain on more than double the average turnover from Petrobras (NYSE: PBR), one of EWZ’s largest holdings. ...