Letter For Religious Confirmation

week from 2 to 6 May 2011

week in which the Ibex has fallen every day except Friday which gave around in a session low to high, bringing hope of a return of rising market.

The negative factor is that the same Friday, closing of our market, American market stopped rising and made a kind of failure back.

Chances are that the week starts to fall.

All this should worry too, are within a large trading range and we can return to the bottom without us having to alert too. What happens is that this week the oil has suffered dramatic declines as the Euro. Does not have to spend anything, but they are still alert that something may be happening. So caution should be present in the next few days.

In stock, should continue in the line of prudence, although they continue to buy the lows appears to be a good idea. We always refer to as selected values, such as Telefonica, Repsol, Iberdrola , Santander, BME , etc. Solid values \u200b\u200bwith good dividends and good visuals (with the exception of Santander, which have a very neutral figure offers a great return).

BME, just has a very interesting chart, and if able to overcome the 22.65 closing price, would give a good indication of continued upward.

has surprised to the upside is one that we are commenting and recommending. Jazztel . Not being a large company, is making things very well, gaining market share and the graph shows a clear upward appearance.

There are two values \u200b\u200bthat are consolidating very well, after a good climb, climb that led to be placed above its average of 200 times and it is already having a positive slope. This is Acciona and FCC , but more interesting is that both had a great career bassist and, therefore, a long way to recover. Consider the long-term chart of Acciona.

Finally, remember the evil aspect had two televisions , and continue one more week losing significant levels and confirming that the sector has nothing good looking.

In our system, we remain very cautious speculation, the truth is that there seems a very good system, because we never, but assured that when you look better (for better or for worse), we will be there.