USD MXN, is the Peso tank over?

A lot of foreign ETFs have yet to recover because of currency trade (EWW, EWZ, TUR, etc), when the currency bounces back, you'll see huge moves in those ETFs. Might be a better opportunity than trying to chase after US equities.

We'll see...

I've always been more fond of trading foreign ETF options than US index ETF options, I find the returns better on both calls and puts.

Komen:

One thing about Mexico, they are very reliant on oil (OPEC member), so when oil goes down, so does the peso.

Might be a while before it breaks out, I don;t see oil going anywhere for a few months.