Monday, January 28, 2013

Week 5

Hello there!

After closing last Thursday (25) on the negative side, this Monday (28) Ibovespa fell 1,87% closing at 60,027 points. The biggest responsibles for this session were VALE5 - $VALE, OGXP3 - $OGXPY and banks like BBDC4 - $BBD that reported a profit 6,1% higher than the same quarter of last year and still fell 3,07%.

These two negative sessions had some volume which makes me think where Ibovespa is heading. Maybe 58,500 at the 38,2% retracement because of this volume that I mentioned but I really don't believe that our market have much room to fall while S&P is making higher highs.

Have a nice trade!

Monday, January 21, 2013

Week 4

Hello there!

Market is resting one more week. Ibovespa closed today at 61,899 points, a little lower than last week when it was 62,080.
Today's close was right above the supporting trendline but I don't think we need to be concerned about it. In my opinion market is trading sideways to go higher later.

Although market was choppy these days BRKM5 - $BAK is up 4,36% since my call last week. Nothing abnormal but a good trade for a market that is lagging.

That's all for today. Have a nice trade!

Monday, January 14, 2013

Week 3

Hello there!

5 trading days have passed and Ibovespa is still in the same level around 62,000 points. Although we would like to see market going up this kind of resting is positive, shows us that we're still in an uptrend even with the MACD Line crossing down.

This is what I see in Ibovespa

Don't have much to say but I would hold a little more long positions before taking profits.

Here is a chart of a stock that's looking interesting in my opinion.

Braskem - BRKM5 - $BAK

That's all for today! Have a nice trade!

Monday, January 7, 2013

Welcome 2013!

Hello there! Happy new year!

Ibovespa traded up very well last month, making december one of the best months in 2012 with gains of 6.04%.
We've reached September highs but with more consistency this time. In that ocasion Ibovespa made almost the same gains but in only 7 trading days. Our movement is better now in my opinion.

Watching this movement I also believe that market could be trading on the negative side in a few days, wich could be very healthy, if we lose the supporting trend line. We see MACD Line heading lower in this moment but didn't crossed yet.

I also want to show how BBDC4 ($BBD) and ITUB4 ($ITUB) developed well after my post about them.

Bradesco - $BBD - BBDC4

Ita├║ Unibanco - $ITUB - ITUB4

Hope you like it! Nice trades in 2013!