1 week to Brazilian elections and the effects on Stock Markets

As I mentioned on my last post I was expecting a lateral movement in Brazilian stocks due to the first round of elections for president in Brazil and that happened. Investors continue waiting to see what is going to happen, because the level of confidence in Brazilian economy will vary depending of the actions and plans of the next president. As you can see on the graph, IBOV had a very small reduction and stopped at 56,000 points for 4 days and went up on Friday.

Next week I posted about LAME4, but the trad didn't start because the price didn't achieve our Start Gain price.

FIBR3 and ITUB4 continue performing very well, achieving +16.2% and 12.7% of profit since the day we bought and we continue holding them.

SMTO3 and ABRE11 gave some bad signals last week and I prefer to increase the Stop Loss for both. SMTO3 increase to 40.63 and ABRE11 increase to 37.78. We would still have profit with both and let's see if they increase their prices next week.

After doing lots of analyses, for this week, I believe this is the best opportunity.

GETI3 - Start Gain (buy ONLY IF achieves) 15.92 ; Stop Gain (sell 70% of what you buy) +2% ; Stop Loss 15.08

Have a great week.

Leo.