Monday, March 25, 2013

Week 13

Hello there,

Well, if it wasn't now it is. Market is pretty ugly right now and all my expectations didn't ocurred.

The firs support I drew at 56,000 has been lost and now we're aiming 54,400. But if you draw a Fibo in this chart market could be aiming even lower like 53,000 points.

MACD Line is crossed down and news around Cyprus and Europe aren't positive even though I think that if market is affraid of Cyprus economy we all can go back to caves and forget about a globalized economy.

Even with all of these bearish analysis I feel that we're oversold here, so I'm watching Vale (VALE5 - $VALE) carefully.

MAGG3 that I posted last week droped  badly but if we had gone long, stop was just below the low of the day so wouldn't hurt much capital.

Let's wait and see what market brings to us until next week.

Have a nice trade!

Monday, March 18, 2013

Week 12

Hello there!

Ibovespa is kind of consolidanting values here around these 57,000 points which is what I was expecting of market before an uptrend. Some news about Vale (VALE5 - $VALE), saying that the companie belives in a rising price on the iron ore from now on, could benefit the market as well.

However if market loses the first support in 56,000 points it may confirm a major downtrend and things could get ugly.

Last week I called M. Dias Branco (MDIA3) when the stock was at 81.20. Today it closed 83.71.

Other stock that I'm watching is Magnesita (MAGG3 - $MFRSY)

Today the stock rose 2.55% closing at the high of the day with great volume. Also, MACD Line is very low. This one is looking pretty good for me and ready to take off.

Hope you like it!

Have a nice trade!

Monday, March 11, 2013

Week 11

Hello there!

What a nice development of Ibovespa since last post huh? That's a 3.88% rose with todays close at 58,800 points.

The biggest responsible for this movement was OGXP3 - $OGXPY that have noticed a deal with BTG Pactual (one of the gratest in Brazil). The news made this stock gap up and down on the following days.

This can be the bottom but I wouldn't pick trades in this stock at this moment.

My last call was MDIA3. Look at the chart below

I think that before making new all time highs this stock can pull back a little and then take off. Keep on watchlist.

Looks like bulls are taking the charge of our market, let's see.

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

Monday, March 4, 2013

Week 10

Hello there!

Market developed a little last week though we still remain at a bottom. We must keep an eye at 56,000 level at the Ibovespa future which could lead us to 54,500 in case we lose it. Other way I think we could consolidate here before starting an uptrend. Here goes the chart:

What I'm watching:


Stock is holding upon the ascending trendline and forming an 1-2-3 low with MACD Line very low.

Have a nice trade!