Companhia Siderurgica Nacional (SID) - Brazilain steel company. Testing resistance as it attempts to break-out of a cup.
Banco Bradesco (BBD) - provides life insurance and banking services to Brazilians. Nice break-out on huge volume.
iShares MSCI Brazil Index (EWZ) - tracks the performance of publicly traded securities in the Brazilian market. Broke through resistance on excellent volume, look for a pullback to add shares.
Petroleo Brasileiro (PBR) - a Brazil-based holding company engaged in the exploration, production, refinement and distribution of oil and gas. Nice cup w/handle. Volume looks to be increasing as its testing resistance.
Companhia Vale Do Rio Doce (RIO) - Brazilian metals & mining company, looks like its about to break-out of its cup, nearing resistance.
Gafisa (GFA) - a Brazilian Home-builder. Excellent break-out on great volume.Not only do they produce beautiful supermodels and soccer superstars; its also where you can find some pretty decent stocks.
Recently the Chicago Mercantile Exchange signed a non-binding cross-investment letter of intent with the Brazilian Mercantile & Futures Exchange. The BM & F is the fourth-largest exchange in the world, and the largest in Latin America. See more details here:
S&P raised Brazil's credit rating to investment grade Wednesday, causing the IBOVESPA to pop 5% this morning. See more here:
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