Welcome to your first issue of the new Momentum Trader Alert (MTA).
As I noted last week, I have been developing a proprietary momentum trading system over the past six months. The results of this system were so impressive that my publisher and I decided to launch a trading service based purely on its recommendations.
This new trading service is called Momentum Trader Alert — and is replacing your Bull Market Alert subscription starting this week. All of the terms of your current subscription will remain in place.
Momentum Trader Alert is a technical trading system that identifies stocks and exchange-traded funds (ETFs) that are expected to rise over the coming six to 12 weeks.
Specifically, the system does so by tracking a combination of 13 different short-, medium- and long-term technical momentum indicators along two dimensions.
Only when the average of these 13 technical indicators lines up at 100% does the system makes a “buy” recommendation.
Your very first MTA recommendation takes you to the hottest major stock market in the world at the moment, Brazil.
Banco Santander (Brasil) S.A. (BSBR) was founded in 1957 and is headquartered in São Paulo, Brazil.
This financial giant provides banking products and services in Brazil and internationally. It operates in two segments, Commercial Banking and Global Wholesale Banking. As of December 31, 2015, the company operated 2,262 branches, 1,175 mini branches and 14,221 automated teller machines.
Banco Santander (Brasil) S.A. (BSBR) versus the S&P 500 over one year.
Buy Banco Santander (Brasil) S.A. (BSBR) at market today, and place your stop at $9.40.
I will wait to recommend options after the stock settles after its recent run up.
As I noted last week, eight of your previous Bull Market Alert recommendations transferred into the new Momentum Trader Alert service. All of these positions remain a BUY.
Nicholas A. Vardy
***The stop prices on the eight Bull Market Alert recommendations that passed the screening for Momentum Trader Alert remain the same as before. All buy prices for the positions listed below will be based on prices as of February 13, 2017.***