With the Dow down a 110 points the following stocks are positive and a good sign if market reverses AMD S BBD VLY
I like the selloff today, with the DOW down 75 I am almost all green or close to it with the exception of MPEL and MGM I wanted to increase my position in IRT and UVE but hardly selling off even as they are overbought. May take profits on BBD today if market reverses.
I will see what I can come up with later but I normally give entry prices on big pull backs. I have trades in for the following stocks for a continued uptrend but I am leveraged at a much lower price so it more easy for me do do so My order for IRT is 7.62 My order for UVE is 17.87 (this is a edit, my buy is for 17.80) . Keep your eye on BBD as a order under $7.70 should bring a gain. Do your own TA to get the best price
That is definitely a positive but the government turmoil and the "The Real" can weigh on the negative at times. They got beat up pretty bad from the recent market meltdown but have been making a comeback in the last few days.
It has been a slug fest this week between the bulls and the bears and the bears are increasing the pressure. Some quick notes: BBD down with financials this morning but it might be good for the next leg up UVE still looking strong as the market is treading water AMD is under accumulation and a bullish pennant is in place
The Brazilian stocks taking a big hit today and might bring some buying ops...ELP, CIG, SID, BBD UVE continues the run above the upper BB. Maybe a good note for AMD is that the high flying NVDA (on earnings) did not claim that gaming was not a big part of their earnings. I need to read the transcript when it comes out. MPEL up with markets down, not sure what is going there unless it is on the share buy back.
As The Real drives some U.S. traded Brazil-based stocks into negative territory today. I made a 1st tier buy on CIG at 1.81. I have a hard ball bid in on SID at 2.40 might adjust later. I did not buy BBD as I am happy with my position. AMD up good on the coat tail of NVDA's earnings...up .10 @3.69 CIG http://stockaholics.net/threads/cig-companhia-energetica-minas-gerais-adr.856/#post-6590
Hi TT this morning I found this How Banco Bradesco (BBD) Stock Stands Out in a Strong Industry http://finance.yahoo.com/news/banco-bradesco-bbd-stock-stands-125512848.html (I meant to post it on the "daily" but today I stay out from the market hope you don't mind if I post it here) have a nice w/e
Grazie Ciao, feel free to post here any time you want. My home is your home. I hope you had a good day off. There was a lot of buying ops today that I took advantage of will post them later. Time for a nice meal compliments of BBD...LOL
With the continued market meltdown and The Real down on Friday, I re-entered ELP and SID near the bottom. I also re-entered CIG and I am slightly upside down, all 1st tier buys. I was looking for a small reload on BBD at the LOD (7.30) but did not get the fill. AMD, UVE, IRT, WPX, all closed up on Friday. All my other positions were down except MPEL. AMD - my thoughts a bullish pennant and more http://stockaholics.net/threads/amd-advanced-micro-devices-inc.39/#post-6654 IRT http://stockaholics.net/threads/irt-independence-realty-trust-inc.648/#post-6653 UVE http://stockaholics.net/threads/uve-universal-insurance-holdings-inc.599/#post-6661 WPX http://stockaholics.net/threads/wpx-wpx-energy-inc.136/#post-6562
I like your thoughts on AMD and UVE. I am hoping that BBD recovers. I messed up and didn't take any profits
Futures are down but the Brazilian Real is up this morning so there is a chance of the Brazilian stocks of moving up if the markets don't turn too red. AMD up a few cents in pre-market with volume at 15.2K
This looks like a repeat of last week as we have a rally one day and a meltdown the next day. Hopefully this week it ends in the Bulls favor. Personally it was a good start for me as I only give up 1/3 if my gains from yesterday. Now we need a rally tomorrow in this slug fest. I made more tier buys on BBD, SID, CIG, but did not get my fill on ELP. Our spec play S was up 9 cents @3.52 for some reason. I don't have time to go through every thing but here is three links of interest. AMD http://stockaholics.net/threads/amd-advanced-micro-devices-inc.39/#post-7246 IRT http://stockaholics.net/threads/irt-independence-realty-trust-inc.648/#post-7245 WPX http://stockaholics.net/threads/wpx-wpx-energy-inc.136/#post-7247
If your going to play Brazilian stocks you need to keep an eye on a few things. First is The Real (Brazilian Currency), Futures, and Pre-market. Even if the stock is not trading in pre-market look and see where the bid is compared to the previous close. With those three things I usually can tell how they will fare on any set day. But of course a market reversal to the down side can change the whole complexion of the trading day like it did this morning but it wasn't all bad as made some buying ops. One last note is that these kind of plays can be risky but offer good rewards. I suggest easing in with a 1st tier buy, followed up by additional tier buy(s) if needed slightly bigger than the first. Know where the support levels are and prevent yourself from getting to upside down in a trade. Know where your comfort level is if the trade sours on you and get out and come back another day for the play. When there is blood in the street I only buy on 5 to15 percent drops depending on the stock. That is what I call hard ball trading. The Real - Realtime Time Chart http://www.tradingeconomics.com/brazil/currency
I was gone most of the day having to take a family member to emergency and this is 2nd time this week I had to trade off of my cell. My portfolio took a hit (mostly T) but because I am heavily invested in Financials I actually gained a little thanks to BAC, VLY, and UVE as the insurance sector ran with the rate hike being on the table in June. All the Brazilian plays closed down again but I am only minimally upside down as I have eased into the plays and continued the tier trades at the oversold level. The only mistake I made was getting the earnings date wrong for CIG thinking it was the 27th when it was today and it did not fare well. With that I put one of my hard ball bids out there at 1.50 early this morning and guess what the LOD was 1.50 but I did not fill. But who knows it could drop more tomorrow. Sooner or later there will be a Brazilian bounce and I hope I can buy the bottom or close to it. Another added note on playing the Brazil stocks in tiers. Let's say you are going for Tier trade #2 and you have volatile trading day (like today) there is nothing wrong with splitting that up and making it two trades to find the bottom unless the cost of the trades is a factor. As I get a 100 free trades a month it doesn't hurt the equation for me. Remember to ease into those type of trades I have hardly had any sleep so I am out of here for now BAC - About BAC and VLY http://stockaholics.net/threads/bac-bank-of-america.30/#post-7481 UVE http://stockaholics.net/threads/uve-universal-insurance-holdings-inc.599/#post-7488 AMD - market share leak and the climb to $4 http://stockaholics.net/threads/amd-advanced-micro-devices-inc.39/#post-7489 VR - Virtual Reality http://stockaholics.net/threads/vr-virtual-reality.956/#post-7479
IRT and UVE holding strong this morning during the meltdown. Might be a good time for those not in to make a entry. For what ever reason,S is up maybe on the Amazon connection. The S&P has breached support so hard to say where the market closes today. A market bounce or no bounce is the question.
