Tuesday, September 25, 2012

September 25th

Hello there,

Today our major index IBOVESPA closed the day on the downside (-2.27%) with almost all of the stocks negative.

Banks embittered the biggest losses assimilating the recent credit tax cut of Bradesco (BBDC4) $BBD. Because of this tax cut Bradesco will reduce its revenue. Other banks will probably follow theses steps - as Banco do Brasil (BBAS3) $BDORY have already done that - and that's why stocks of this sector were the great losers of the day.

Anyway I'm not worried because we're working on an uptrend. Let's wait and see if market respects the lower band of the channel. This also can be good to spot new opportunities to buy.

Any questions or suggestions you can email me at: lucasmussi@gmail.com

Hope you like it!

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