investors intelligence
Generating first rate investment advice since 1947
Sample Research


Click here if you are unable to view the charts in this report

International Equity Index Daily Hotline 
12 November 2015                                     By Cornelia Dichio, Analyst
Chart of the day: Bovespa ranges beneath 50000 barrier


The Brazilian Bovespa index has recorded a 1.9% gain for Wednesday's session.  The market has steadied within the short-term ranging pattern that is forming beneath the psychological 50000 number.  That barrier is reinforced by the presence of the 200-day Moving Average.  We will consider buying an eventual breakout, as a base formation would be in place (see also hotlines for 4 and 9 November).



Daily Comment:


The Swedish OMX index has lifted from the 50-day Moving Average following the small pullback from the 'Peak' Key Day Reversal of 9 November at 1537.25; near the longer-term MA line.  There is a chance that the market is reasserting the uptrend from the late-September floor.  We remain long.

The French CAC 40 is similarly potentially reasserting its advance.  In this case, the rally had become overbought near the round 5000 level.  If the market can manage to sustain a breakout, the next chart target is around 5200.

HK's Hang Seng index has registered a 2.4% gain for today's trading.  The market has steadied within the narrow ranging pattern forming above the late-August/early-October base.  This could be part of a consolidation phase before the recovery is resumed.  A drop back into the small base would be needed to negate that prospect.

In contrast, the Philippines Manila Composite index lost 1.1% during today's session.  The market extended the 'bull trap' pullback (that followed the failed break over the lateral region along 7200) breaking the mid-October low at 6924.77.  Next important chart support is at the late-September low at 6720.82 followed by the August floor at 6603.19.


Gainers / Losers
Top 5 Gains.
SymbolStockClose% Change
VIXCBOE Volatility Index (VIX)16.06+5.0%
HSIHong Kong Hang Seng Index22888.9+2.4%
IBOVBrazil Bovespa Index47065+1.9%
HSCEIHang Seng China Ent Indx10408.9+1.6%
Top 5 Losses.
SymbolStockClose% Change
RTSI$Russian Trading System Index $835.33-1.5%
PCOMPPhilippines Manila Comp Index6909.82-1.1%
The International Equity Index Model Portfolio
Date Stock Code Type Open Price Current Price % P&L Target Stop
22 Oct 2015 Italy S&P MIB Index SPMIB Long 22616.9 22385.1 -1.02% 21500
4 Nov 2015 Sweden OMX Index OMX Long 1524.23 1511.46 -0.84% 1420
  • We watch to buy Bovespa (Chart of the Day).


Daily Analysis

Symbol Name Comment Close 1 day Support Resistance
SPGLOBS&P Global 1200 IndexS-t rally has paused.1870.43+0.1% 1712.63/1830.31969.64/1900.53
INDUDJ IndustrialsPauses the overbought rally within hefty supply from this year's earlier large top.17702.2-0.3% 15942.4/16887.718137.1
SPXS&P 500 IndexOverbought s-t rally pauses within dense trading from the year's earlier top.2075-0.3% 1820.66/1867.012134.72
CCMPNASDAQ Comp.Rally towards the July high slows.5067.02-0.3% 4292.14/4487.065231.94
NDXNASDAQ 100Overbought rally towards the all-time high at the Mar 2000 peak (4816.35) pauses. Drifts back under the Jul high (4694.13). Potential 'bull trap'.4636.94-0.1% 4053.12/4328.964816.35/4737.11
UKXFTSE 100Recovery from the small base yields to ranging beneath the 200-day MA.6297.2+0.3% 5605.59/5768.226764.82
SX5EEuro Stoxx 50Overbought rally from the s-t base yields to narrow ranging.3448.42+0.7% 3178.43/3381.013714.26
CACFrance CAC40 IndexPossibly reasserting the rally from the s-t base after a brief correction from overbought.4952.51+0.8% 4580.84/4841.395217.8
DAXGermany DAX IndexOverbought rally from the base gives way to narrow ranging.10907.9+0.7% 9325.05/9890.4611920.3
SPMIBItaly S&P MIB IndexRanging recovery pauses. Probes support near the 50 and 200-day MAs.22385.1-0.3% 20158.2/21747.224157.4
IBEXSpain IBEX 35 IndexPauses the ranging recovery near the 200-day MA.10377.2+0.4% 9231.3/9992.411684.6/10631.6
OMXSweden OMX IndexLifts from the 50-day MA after the small reaction from the 'Peak' KDR of 9 Nov. Possibly reasserting the s-t uptrend.1511.46+0.8% 1369.29/1434.721638.12/1537.25
SMISwitzerland SMI IndexDips back into the s-t range/base. Potential 'bull trap'.8884.55+0.4% 7852.83/8155.19537.9/9037.55
AS51Australia ASX200 IndexThe 'bull trap' reaction slows within the prior s-t base.5125.69+0.1% 4632.3/4918.45718.9/5384.8
SHASHRChina Shanghai A IndexRecovery from the Aug low becomes overbought.3804.63-0.5% 2986.39/3420.074197.46
HSIHK Hang Seng IndexS-t recovery yields to ranging above the small base.22888.9+2.4% 20368.1/22332.725634.3/23423.6
SENSEXIndia BSE Sensex IndexS-t decline is becoming oversold.25743.3-1.4% 24833.5/25287.328578.3/27618.1
NKYJapan Nikkei 225 IndexExtends the s-t rally into the m-t top starting near 19000. RSI high.19697.8+0.0% 17758.1/18641.220952.7
IBOVBrazil Bovespa IndexRanging beneath the psychological 50000 level; and 200-day MA.47065+1.9% 42749.2/43766.650894.5/49752
SPTSXCanada TSX CompositeExtends the 'bull trap' reaction within the prior s-t range (base).13341.9-0.5% 12705.2/12964.114748/14053.2
VIXCBOE Volatility Index (VIX)S-t decline towards the Aug floor at 10.88 pauses.16.06+5.0% 10.8853.29/28.33

Recommend a friend! Tell your friends to mention your name when subscribing to Investors Intelligence, and get a months free access to a service of your choice! For more information, email

Also available online at Unauthorized forwarding, copying or reproduction of this report will be treated as a breach of copyright. To subscribe, visit the website or contact Investors Intelligence on +44 (0)20 7352 4001 or email

This report has been produced and compiled by Investors Intelligence, a division of Stockcube Research Limited which is authorised and regulated by the Financial Conduct Authority. It is distributed by Stockcube and is provided for information purposes only. Under no circumstances is it to be used or considered as an offer to sell, or a solicitation of any offer to buy. While all reasonable care has been taken to ensure that the information contained herein is not untrue or misleading at the time of publication, we make no representation as to its accuracy or completeness and it should not be relied upon as such. From time to time Stockcube and any of its officers or employees may, to the extent permitted by law, have a position or otherwise be interested in any transactions, in any investments (including derivatives) directly or indirectly the subject of this report. Also Stockcube may from time to time perform other services (including acting as adviser or manager) for any company mentioned in this report. The value of securities can go down as well as up, and you may not get back the full amount you originally invested. Derivatives in particular are high risk, high reward investment instruments and an investor may lose some or all of his/her original investment. If you make an investment in securities that are denominated in a currency other than that of GB Pounds you are warned that changes in rates of foreign exchange may have an adverse effect on the value, price or income of the investment. The investments referred to herein may not be suitable investments for all persons accessing these pages. You should carefully consider whether all or any of these are suitable investments for you and if in any doubt consult an independent adviser. This report is prepared solely for the information of clients of Stockcube who are expected to make their own investment decisions without reliance on this report. Neither Stockcube nor any officer of Stockcube accepts any liability whatsoever for any direct and consequential loss arising from use of this report or its contents. This report may not be reproduced, distributed or published by any recipient for any purpose without the prior express consent of Stockcube.

Copyright 2015 by Stockcube Research Ltd.

Subscribe here: