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Lanmar

Bovespa Index

Short
IBOVESPA (INDEX:IBOV)  
Lanmar Updated   
INDEX:IBOV   IBOVESPA
ibaa bovespa BVSP
3
0
ibaa bovespa bvsp
The weakening of the Real will likely bring further losses in this index. A strengthening of the Real will continue to bring gains in the Bovespa index.

See correlation in chart below. It's been statistically significant for 16 years, and is ongoing.

snapshot
Comment:
Where I see the Brazilian Real reversing.

snapshot
Comment:
Monitoring for counter-trend trade. looking to go short. Expecting a break of the black trend line.

snapshot
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