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Jun 30

The Mexican Fiesta Continues

I love Saturdays.  After Friday night, they are my very favourite time of the week and are usually spent out boating, fishing, sleeping,cooking, eating, drinking, playing and a few lucky charts tend to be crammed into the free spots.

But seeing as it’s freezing and windy today, I spent the whole afternoon browsing charts and doing a bit of treasure hunting.  There’s not much better in my eyes than snuggling up with some tunes, some great coffee and a few trend lines – to be honest I’m not sure if that’s something I should be admitting, particularly if I want people to think I’m not a total nerd but there you go.

Anyways, in the midst of the current economic mess I have discovered a quiet achiever.  Mexico is hitting new highs!

It doesn’t seem to be getting much attention, and when I had a bit of a search it also doesn’t seem to be the easiest thing to find a suitable instrument to trade it with.

I trade CFD’s and am able to trade it that way, but a quick look at Stocktwits didn’t reveal too much that looked as tempting.  $EWW, $MXF and $MXE all looked pretty good but don’t show the breakout that the actual index is showing.

This is definitely something to keep an eye on, especially in an environment that isn’t showing much joy.  Got to love an index that’s determined to keep the fiesta going!

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  • vladimir

    Have you ever visited Mexico…? ;-) It is the most fun place to visit… Especially the West coast and the ocean front resorts… love your posts!!!

    cheers,

    -vlad

  • Katherine147

    Hi! Read ALL of your posts! I am also a mom.. with two kids. And I’ve been trading for a year and I still have a LOT to learn! Check out our index, philippine index, PSEI…it’s fiesta over here!

    • http://www.roguetraderette.com/ Jessica Peletier

      Hi Katherine, nice to meet you!

      There’s always a lot to learn :) It literally took me three years to get to a point where I started to see green shoots, so the key is persistance! And risk management ;)

      Thanks for the heads up re your index, I’ll check it out!

  • K Lye

    Perhaps the Mexican presidential election (tomorrow) is giving hope to local and foreign investors? Will be interesting to see how the markets react on Monday to the return of the PRI… here in Texas (40% Hispanic, majority from Mexico) and especially on the border regions we look forward to a little less narco-craziness on the frontera!