FYI:
Regards,
Ted
Brazil: Below we take a look at short and long-term price charts for Brazil’s Ibovespa equity index. (Here’s our prior post on China’s stock market. We’ll be doing additional posts on India and Russia as well.)
Back-to-back moves of 3% have pushed Brazil’s main stock index up 45% from its lows earlier this year. You can see in the first chart below that gains over the last few days have caused a breakout to six-month highs.
The second chart shows a clear downtrend break over the one-year period, but the five year chart shows that Brazilian stocks still have a long, long road to recovery.
https://www.bespokepremium.com/think-big-blog/brics-market-update-brazilian-stocks-explode-higher/China: Below we take a look at short and long-term price charts for China’s Shanghai Composite. (We’ll be doing additional posts with the same charts for markets in Brazil, Russia and India.)
The six-month chart for the Shanghai shows a double bottom put in back in February and March, and just today the index tried to make another leg higher above a consolidation phase that it has been in over the last couple of weeks.
The one-year chart shows that recent price action has pushed the index above the top of a downtrend channel that goes back to last June. The five-year chart shows the same downtrend break, but it puts into perspective just how extreme the moves have been for Chinese stocks over the last two years
https://www.bespokepremium.com/think-big-blog/brics-market-update-chinas-shanghai-composite/Russia: Below we take a look at short and long-term price charts for Russia’s Russian Trading System equity index in dollars. (Here are posts on China, Brazil, and India.)
From its low on January 20th, Russia’s stock market has gained 45%. Over the last few days, we’ve seen a solid breakout to 9-month highs.
Looking at the five-year chart, Russia’s stock market remains stuck in a long-term downtrend channel, but the short-term strength suggests to us that there is likely enough momentum for an eventual breakout from this downtrend
https://www.bespokepremium.com/think-big-blog/russianstocks/India: Below we take a look at short and long-term price charts for India’s Sensex equity index in local currency. (Here are posts on China and Brazil. We’ll be concluding with a post on Russia.)
India’s stock market surged 40% in 2014, but it gave much of that back in 2015. After making a bear market low in February, we’ve seen a nice recovery and short-term downtrend break over the last few weeks. Today’s action has pushed the Sensex to new rally highs.
Looking at the five-year chart, the Sensex still hasn’t managed to break above its longer-term downtrend channel. We’ll need to see another 4-5% of gains for that to happen.
https://www.bespokepremium.com/think-big-blog/brics-market-update-indias-sensex-short-term-strength-long-term-challenge/ 
