We seem to be reversing off the top of this multi-channel area at 31.25. In Addition, RSI has bearish divergence and we also recently had a demark13 countdown which could signal an exhaustion in trend. Watch for a reversal to take place off the current area. Perhaps a move back to the 50day moving average which currently sits at +- 29.60 and rising daily, is a...
European equities have been an out performers for 23 and I look for that trend to continue. This can be accomplished by a long position in EWG - iShares MSCI Germany ETF. At the moment the rally should be entering a good supply zone so I will look to add to longs on any pullback which should be short and shallow.
Hello After 25% drop from highs in the DAX A big hammer appeared today in daily. First target 12,400 -then 12,700-13,100 Good time to cover shorts and begin loading long positions. Other option is long EWG (ETF)
Entered short again today in the German equity ETF $19 is possible to find as support. Was a gift to buy above $26
I'd still remain short on German Equity Right now currently testing support of trendline after gap up, last time this happened we saw the failed gap up turn into more downside. Holding dated puts on this name already for the past couple weeks.
Japan (EWJ) outperforms as Coronavirus cases are low (due to low testing), but country now on the verge of a massive virus outbreak, in line w/ EU & US. Italy (EWI) lags DM, seen as new epicenter of Coronavirus. Country on lockdown, virus priced in (relative to Japan). Italy also has sov debt & banking crisis overhang- but Japan also has massive sov debt &...
EWG prediction. Im considering buying at $16, which I predict to be the low point
performance DAX, DAX without dividends reinvested and equal DAX performance comparison ...
It shouldn't come as a massive shocker to anyone that the U.S. market has been and has gotten even more expensive. For an investor that is just starting out, it is enormously frustrating, since virtually everything is at the top of a very long term trajectory with the broad market yet again knocking at the door of all-time-highs. Here are a few acquisition ideas...
without ECB launching new round of QE, huge debt and slow productivity will weigh on the growth prospects in Euro Zoom. Immigrants, welfare states and liberal leftists, combined together, would end the long term bullish trend of German stock benchmark (dax30). Folks, this is the beginning of a long, tormenting bear market.
Super clear HS and island reversal, as long as the trend line not breaking above. Short. TP as listed , profit ~10%+
If we hit my blue+red targets (0.61fib+overbalance) - we could bounce - up to UHVA or only a dead cat bounce?
Thesis: US markets outperform EU markets in absolute terms when $ rises against €. EWG/SPY (Germany ETF/SPY both in $) vs EURUSD (red line) I've read many opinions on what happens to US stocks (versus EU stocks) when the dollar rises. Usually people say a strong dollar is bad for US exporters as their revenues will fall and labour costs will rise. Similarly they...