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Santiago B.'s  Instablog

Santiago B.
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My name is Santiago Benito, I'm an independent investor currently residing in Spain. I have a university degree focused on Information Systems and Software Engineering. I've invested on stock markets for ten years, mainly trading, scalping and money management. My preferred portfolio management... More
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  • Another Bank: CaixaBank

    After Mr. Draghi launched the European QE (60 billion euro a month money-printing program in March), banks would be one of the sectors most rewarded. If you want to take advantage, CaixaBank is a very good option to be positioned since this new wave.

    In the image below (monthly graph) technical indicators show that the oversell is finishing, and volume is increasing since last four years. That is important because indicates that investors really believe in the potential that this bank could offer.

    (click to enlarge)

    Meanwhile it would be a good idea start looking for a buy signal. To do this, in the daily graph we see that the price was growing until hit the upper bolliger band, so now I'll wait for a pullback in the area of 3.96 to start buying.

    (click to enlarge)

    Until then, Happy shopping!

    Mar 01 1:55 PM | Link | Comment!
  • About Greeks...

    This is only my opinion as a European citizen and is only based in what I see in news and what is happening here in Spain. Is evident that Greece will not be able to pay the debt. Perhaps, depending on circumstances they can extend the situation, but basically they don't have the resources to pay the debt.

    This situation has generated an important political movement there in Greece (Syriza) and here in Spain (Podemos).

    In this scene, if Greece falls, this fact will show the other countries several consequences:

    - Recognize what is evident: Greeks can not continue in the euro project.

    - Everybody will blame to the greek populist government, particularly in Spain.

    - There will be more interventions to save other financial markets.

    - The message to the citizens of other countries, specially Spaniards is clear: if you vote the bad guys, you will have troubles.

    So, is a matter of time that the bomb will blow up. Beware of the dog..

    Feb 08 11:09 AM | Link | Comment!
  • Indra Is On Fire

    The board of Indra company had met this Thursday to propose Fernando Abril-Martorell as the new chairman, in order to replace Javier Monzon. This fact is related with the presence of Telefonica in the board. Javier Monzon, was the chairman since 1993. This change has been celebrated with happiness by shareholders, but not everyone arrived to the party at the same time.

    Last week was lion's time, and today starts gazelle's age. Shorts age is history but for sure they will wait for arriving again and the lack of news will feed them, so if you want to take a position, be careful because now the only ones that can win are lions.

    In next picture you can see what I say:

    (click to enlarge)

    Remember, there is a saying: buy with the rumor, sell with news.

    Good luck to everybody.

    Tags: ISMAF
    Jan 29 12:50 PM | Link | Comment!
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