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Markets had their frist winning session of the week. A look at the weekly chart on the Nasdaq shows just how tight the trading has been, especially after all the volatility we have encountered as of late. The bullish day recorded a few mild breakouts. PFE took out a 26.19 flat base trigger, and WM edged past a 34.55 double bottom with handle pivot. Both came in soft trade, so look for volume confirmation in the coming days. An example of that occurring today was the volume confirmation with XL today, from its 25.88 flat base breakout last Friday. I am increasingly becoming fond of international stocks as of late. Today looking southward to Brazil BRFS took out a 21.80 cup base trigger in a 9 month base. VIV looks to be undergoing a trend change. In Mexcio, we have been fans of FMX , which hit an all time high today, after last months 98.20 flat base breakout on 12/3. Volume confirmation came a a week later on 12/10. TV is within a couple handles of an all time high it hit in early 2007. Its performed admirably since pushing past a 24.98 flat base trigger on 12/7. Becoming country specific, Russia, via the RSX is one day away from completing a bullish cup with handle formation. Viva Brazil, Mexico and from Russia with love.

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