Summary of portfolio positions

British pound (GBP)

Let me refer you to my previous post of April 10 regarding the British Pound index. See chart below:


The buy trigger of 1.5000 was just reached tonight (see the chart below). However a pullback below 1.5000 is always possible.

Vale Do Rio Doce (VALE)

The price has crossed the 200 day moving average to the upside with an increase in volume. It's a buy signal. I buy VALE at 18.3$ (stop loss: 15.7)

Australian Dollar chart analysis

The resistance was broken at 0.74 on the Australian dollar index. Buy trigger is clear. Next target: 0.78. Beware of a possible fake move.

Market Vectors Agribusiness ETF (MOO)

Some info on this ETF:
The Market Vectors Agribusiness ETF (ticker: MOO) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal® Agribusiness Index. The Index provides exposure to publicly traded companies worldwide that derive at least 50% of their revenues from the business of agriculture. Main companies represented in this ETF include: Syngenta, Potash Corp. of Saskatchewan, Monsanto, Archer Daniels Midland, Mosaic, Deere, Komatsu, Bunge, Yara International, Agrium, Terra Industries, Kubota Corp., ...

Let's look at the chart: the resistance was crossed last Friday (May 1) and the volume of transactions surged at the same time: a breakout which provides a first buy signal.

I buy MOO at 32.21$ (stop loss: 28.5$)

Portfolio: summary of positions

First Solar (FSLR)

Good news + price gapping up + high increase in volume of transactions + price crossing the 200 day moving average = strong BUY signal.

I buy FSLR at 181.0$ (stop loss: 155.0$)

Text of the news

iShares MSCI Brazil Index Fund ETF (EWZ)

I refer to my previous post on Brazil.

Now is the time to enter a position in Brazil ETF: iShares MSCI Brazil Index Fund (EWZ) for the long-term.

Looking at the chart of Bovespa index, one can see that the price could stay above the 200 day moving average for more than 2 weeks. It means it was not a fake move.


I buy EWZ at 46.6$. Stop loss at 39.0$

Japanese Yen - FXY

The Japanese Yen index has crossed the resistance (green line) to the upside 2 days ago.
A bullish divergence appears between the price and the MACD lines: a sign that a trend reversal may have occurred.

I will buy the yen via the Rydex CurrencyShares Japanese Yen Trust ETF (ticker: FXY).
See the weekly and daily charts below.

Weekly chart:


Daily chart:


I plan to buy at a price of 103.20$ and add shares if and when price reaches n°2 on the chart (stop loss @ 100.00$).

Copper chart analysis

Let's have a look at this long-term (monthly) chart of copper prices:
1) Impressive downtrend of copper price since early 2008
2) Price touched a bottom at 130$ at the end of 2008
3) 130$ was interestingly enough the resistance level during the previous 20 years.
4) Price has now bounced back and is currently at 207$

Now let's close up to the weekly chart:

1) We can clearly see that the trendline has been broken early March at the price of 170$
2) Next resistance level is around 310-320$

Now let's examine the daily chart:


1) next buy trigger is at 220$
2) to invest in copper, you can focus on copper mining companies such as Freeport McMoran (ticker: FCX), listed on the New York Stock Exchange (see chart below), or on countries whose economy largely depends on copper mining such as Chile (see my previous post on ECH, the ETF that is tracking the Chilean stock market index).