Argentina: Confirmed Uptrend, with one distribution day
Brazil: Confirmed Uptrend
Mexico: Rally Attempt
Symbol: BMV.MX
LATAM Weekly Summary
Market Status
Argentina: Uptrend, with one distribution day
Brazil: Downtrend
Mexico: Rally Attempt
LATAM Weekly Summary
Market Status
Argentina: Rally Attempt
Brazil: Downtrend
Mexico: Uptrend Under Pressure, with 7 distribution days
LATAM Weekly Summary
Market Status
Argentina: Downtrend (downgraded from Uptrend Under Pressure)
Brazil: Rally Attempt
Mexico: Uptrend Under Pressure with 6 distribution days
LATAM Weekly Summary
Market Status
Argentina: Uptrend Under Pressure, with 6 distribution days
Brazil: Uptrend Under Pressure, with 6 distribution days
Mexico: Uptrend Under Pressure, with 6 distribution days
LATAM Weekly Summary
Market Status
Argentina: Uptrend Under Pressure, with 4 distribution days
Brazil: Uptrend Under Pressure, with 4 distribution days
Mexico: Uptrend Under Pressure, with 6 distribution days
Global Sector Commentary
Key points from this week’s commentary:
Brazil is more than 6% off lows in two weeks and Mexico is back above its 40-WMA for the first time in five months after posting a follow-through day on Thursday.
Our top pick is sole Focus List name Banco del Baijo (BJI.MX; BBAJIOO MM).
Most names in Brazil are still setting up and not yet actionable. However, in Mexico, given the recent follow-through day, several stocks are immediately buyable, in our view. These include Mexichem (CSB.MX; MEXCHEM MM); Alpek (ALP.MX; ALPEKA MM); Bolsa Mexicana de Volares (BMV.MX; BOLSAA MM), and Wal-Mart de Mexico (WAV.MX; WALMEX MM).
LATAM Weekly Summary
Market Status
Argentina: Uptrend Under Pressure
Brazil: Uptrend Under Pressure
Mexico: Rally Attempt
LATAM Weekly Summary
Market Status
Argentina: Uptrend Under Pressure
Brazil: Uptrend Under Pressure
Mexico: Downtrend
