International Markets: Latin Stocks Show Signs of Improvement, but still in Downtrend

The Fidelity Latin America Fund (FLATX) is one of the best mutual funds available for investing in Central and South America, but due to the weakness of the equity markets in the region, FLATX has been also one of the weakest-performing Fidelity funds in the last two years.

On the other hand, here is the good news: investments that under perform for a prolonged time often become top performers in the next market cycle. So, is it time to start accumulating positions in FLATX? We think that it is too early. The top panel on the chart shows that the relative strength compared to the S&P500 index is still negative and the blue trend line in the bottom panel shows that the downtrend is still intact.


Buy and sell signals are available at


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s