The Short Case for Fomento Economico Mexicano

As I scanned the stock charts this week, I didn’t find any suitable low
risk/high reward long trade setups. I did find a bunch of short sale
candidates, I'm sorry to say for those who are looking to go long for some
reason.<!---->

The “trend is your friend”, and long term the trend
still looks down to me as many fundamental reasons will attest. And
just because prices look cheap now, doesn’t mean it’s time to buy.
Those low prices could still go lower, for the opposite reasons as
those prices went higher and higher before.