Week 51

Hello there!

We see market kinda resting on 59,450 points. Next point looks like to be 62,120 with a possible retest on 57,900.

This is how I see Ibovespa:

Last week I've posted two charts from financial stocks but they didn't developed well.

One stock that is really strong in a bull trend is VALE5 ($VALE). Wouldn't be surprised if this stock hits 41,57 before a pullback. Worth watching.

As next Monday will be December 24th I won't be posting. Expect a post on Wednesday or Thursday.

Good trades for everybody!

Week 50

Hello there!

After two weeks without a post I'm back. I really was unable to keep things up to date during the trip.

Just recapitulating last post, we reached the 55,400 points on Ibovespa and things wasn't so clear to decide wich direction market would take.

As we can see now market is trying to form an uptrend with higher highs and higher lows on the daily candles.

Also, what I like to see when market is recovering is the financial sector. Our biggest banks are showing relative strenght.

ITAU UNIBANCO - ITUB4 - ITUB

MACD Line is higher than the last point

BRADESCO - BBDC4 - $BBD

Trying to make new highs

Bulls on charge.

Have a nice trade!