Monday, February 25, 2013

Week 9

Hello there!

Not much to say about this bleeding market. While S&P500 was making higher highs Ibovespa was making lower lows. Most responsible stocks are PETR4 - $PBR, VALE5 - $VALE and OGXP3 - $OGXPY

Let's wait for a few days to see if it develops a double bottom here. Took the trade that I posted last week in PETR4 - $PBR but got stopped out.

Nothing at my radar right now though I think we are oversold here, just waiting for market to set up again.

PETR4 - $PBR and VALE5 - $VALE could be a good call because of its correlation with Ibovespa in case market rise from the ashes

Have a nice trade folks!

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