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!

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