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Petrobas (PBR)

The Halter USX China Index has inched back above its lower (50-day) moving average, which might indicate a buy signal if the Index hadn’t been trading sideways since last October. We’re always happy to see the market advance, but the little dance the 25- and 50-day averages have been doing with the Index makes this new state of affairs less thrilling than it might be. On the plus side, our stocks are generally behaving themselves well, and we have a new recommendation that should provide some conservative support for our portfolio. All the details are inside.