Monday, October 8, 2012

Week 41

Hello there,

Before starting I wanna apologize for the time without posts. I'll try to keep things up to date.

So, despite Columbus Day in USA, wich could reduce our trading volume here in Brazil, todays move was pretty nice with a normal volume.

BOVESPA closed positive with a 1.27% change after testing the lower band of the trading range.

In my opinion we can go higher from here but stronger volume is needed as the same as the last up leg in beginning September. If we keep the uptrend 64,000 points will be reached again wich means that is time to go long.

The most related stocks with our index are $VALE $PBR $ITUB $GGB

Hope you like it!

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