iShares MSCI South Africa Index Fund  (EZA) Trade Now »     Rate EZA  -  Discuss EZA  -  Add to Watch List        

EZA has already passed the 100 and 200 MA and will continue to drop from change in political power.  President-Elect Jacob Zuma arrives just as S Africa started to gain some headway for foreign institutional investors.  The policy building may now be at jeopardy. 

The jingoistic attitudes of the Communist party, and Zuma's leftist link to the Communist party and trade unions will put pressure on any increased foreign investment.  It's dead money for sure, and will likely continue to decline.

South Africa, surrounded on three sides by water, is a major logistical trading center for oil and other resources and home to aggressive and sophisticated multinationals that are seeking opportunities throughout the continent.

One kind of soft week in the market and all we can find is a handful of new buy signals during our technical analysis of more than 800 ETF stock charts. At least there is a hint of a common theme peeping through the grey clouds as 2 biotech ETFs made our buy list this week. They add to last week’s buy signal on 2 other biotech ETFs.

An interesting way to trade these ETFs would be to buy them and short the S&P 500 or buy an ETF that goes up when the index falls, like Short S&P500 ProShares (SH). As long as these ETFs outperform the S&P 500, you make money:

Filed under: International markets, Newsletters, Commodities, Oil, Agriculture, Stocks to Buy

"When most people think of Africa, images of business and commerce don't usually spring to mind -- more like wildlife, safaris and famine," suggests Nathan Slaughter.

In The ETF Authority, he explains, "But those perceptions are beginning to change as these countries continue to industrialize. And at the vanguard of this transformation is South Africa." Here, he looks at the iShares MSCI South Africa ETF (NYSE: EZA).

"When most people think of Africa, images of business and commerce don't usually spring to mind -- more like wildlife, safaris and famine," suggests Nathan Slaughter.

In The ETF Authority, he explains, "But those perceptions are beginning to change as these countries continue to industrialize. And at the vanguard of this transformation is South Africa." Here, he looks at the iShares MSCI South Africa ETF (NYSE: EZA).