Week 6

Hello there!

First of all I wanna tell you followers that the website with those graphic tools I used to post is no longer accepting free users so I changed for my brokerage firm software called XP PRO which is pretty good too.

Another Monday (4) on the negative side. Petrobras (PETR4 - $PBR) was the biggest responsible for the tragedy again. The biggest brazilian oil company fell -2.49% on the session with investors fearing a bad earnings report that was announced after markets close.

Here comes the Ibovespa future chart maturing in February's Wednesday closest to the 15th.

I had to draw again the Fibonacci, so our new level at Ibovespa future is the 58,840.00 level (still 38.2% retracement of the movement).

Would be very interesting and healthy if market holds this level. As you can see MACD Line is low but may need another week to be ready to go higher.

The last call I made was Braskem (BRKM5 - $BAK)

This stock performed very well against Ibovespa but today's movement got me unprepared even more with this volume. Even thinking that this stock could easily reach 16.30 level I would take the profit if it loses today's low.
I can easily enter this trade again in another opportunity.

Stocks that I'm watching for long positions:
VALE5 - $VALE

MRVE3 - $MRVNY

HGTX3

Thanks and have a nice trade!

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!

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!

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!

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

Itaú Unibanco - $ITUB - ITUB4

Hope you like it! Nice trades in 2013!

Week 51

Hello there!

We see market kinda resting on 59,450 points. Next point looks like to be 62,120 with a possible retest on 57,900.

This is how I see Ibovespa:

Last week I've posted two charts from financial stocks but they didn't developed well.

One stock that is really strong in a bull trend is VALE5 ($VALE). Wouldn't be surprised if this stock hits 41,57 before a pullback. Worth watching.

As next Monday will be December 24th I won't be posting. Expect a post on Wednesday or Thursday.

Good trades for everybody!

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.

ITAU UNIBANCO - ITUB4 - ITUB

MACD Line is higher than the last point

BRADESCO - BBDC4 - $BBD

Trying to make new highs

Bulls on charge.

Have a nice trade!