The Solas M Series Global Portfolio continues to track the most recent momentum in the financial markets as it activated a new entry signal and readjusted its intelligent dynamic stop on current open positions. The Solas Trend Following Software activated a new long entry after yesterdays close in the iShares MSCI Brazil index ETF – EWZ.
Brazil’s central banks are considering further interest rate declines after cutting rates to 10.5% last week. Brazilian stocks have had an exceptional start to the year having gains of 3.5 times on its US counterpart the S&P500(SPY), with the EWZ rising 14.5% YTD and the SPY managing a healthy 4.2%.
Reported earlier this week Brazil’s December industrial production rose 0.9% , the largest hike since May 2011 and the January PMI rose to 50.6 from 49.1. Which will give the country confidence as it try’s to reverse Q3s shrinkage in GDP.
EWZ – New Trend Following Long Signal
Risk Management Adjustments on Live Open Positions
EURUSD, DIA, GLD, QQQ, URE, EPI, EWG.
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About the Solas Trend Finder Algorithm (STFA):
The Solas Trend Finder Software is designed for traders and investors who want to take advantage of short, medium and longer term trends across multiple timeframes on all major asset classes including global indices, equities, exchange traded funds (Etfs), commodities & forex.
About the Solas Swing Trading Software (SSTS):
The Solas Swing Trading Model is an end of day trading strategy which delivers high probability trade signals both long & short within a defined trend across the main indices, equities & etfs.
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