Weekend Stock Market Analysis 07/19/2014

The daily charts NOW are surprisingly showing that the general market wants to move higher day to day. This is confirmed by the massive plug of the VIX on Friday.

The Brazilian market seems to have cleared some serious resistance and even the monthly chart for the EWZ is looking solid at the moment.

The EWZ [$50.30] is a buy as long as it can hold above $49.05 on it's weekly chart.

For those who still own PQ [$6.66] then continue holding unless is moves below the 200 day moving average or around $6.51.