Monday, December 10, 2012

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.


MACD Line is higher than the last point


Trying to make new highs

Bulls on charge.

Have a nice trade!

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