Europe Vs US Break Out!This chart suggests huge long-term implications after breaking for the 2nd time this 16-year downtrend. EU since Trump took office has outperformed the US by 23%!
More than half of that has occurred since the ambush on Zeleneskyy in the Oval Office.
While no new high has been made yet to confirm, it is noteworthy that money may be flowing toward the EU more than the US for a decade or more.
EU has a much lower debt to GDO at 80% than the US at 125%. Stock valuations are much more attractive than in the US. So much so that I labeled the EU as a value trap. Not anymore!
The biggest obstacle right now is how much would a US recession impact the EU. Even if it does, I expect the EU to perform much better than the US. As such this chart should continue to outperform.
I have another post up you may want to follow.
VGK trade ideas
EUROPE VS US Stock Dramatic Moves CAUTION!Zelenskyy Oval office ambush did much more than ambush and betray an ally in support of a dictator like Putin.
Betraying an ally destroyed the trust in the U.S. government. Without trust in the government, democracy cannot be, leaving only a dictatorship capable of surviving.
Markets have spoken very loudly with trillions of dollars, not words out of people's mouths.
Superpowers are only as strong as their allies. Isolationism doesn't work. Ask N. Korea, The Soviets etc.. why that is.
Trust can not be granted nor taken, it may only be lost.
CAUTION IS IN ORDER!
New pair trading opportunity today?VGK/EXG is showing a signal for a long position starting today, and all indicators support what appears to be a promising opportunity.
ADX: Indicates no prevailing trend in the pair.
Correlation: Remains high.
Price: Positioned in the oversold area.
I will monitor the market throughout the day and make a final decision on this trade by the day's end.
What happens to Europe in the long run?Such a thought provoking chart. Monthly log scale and chart is forming a symmetrical wedge. There are so many scenarios at play right now that either push Europe into a breakout economy or into a turmoil.
No specific trade here or anything. Current chart looks like it will be harder to go much lower here but we'll see.
European stocks - bellwether for global markets' rally?European stocks were hit hard during the Great Financial crisis of 2008. They have doubled since the trough in 2009 but still below their 50% retracement despite the 2020 relief rally since March lows.
Could tech stocks' strength keep them afloat at this juncture?
Could European stocks derail the world markets' recovery or have they become the 'new Japan' that could stay underwater for another decade, while the US and new leaders power ahead?
AMEX:VGK
VGK update - bullish to neutral - 3/6/2015This week's down turn was not that surprise (given the RSI channel resistance and 40 week MA resistance). Overall trend is still up (judging by 10 week MA, RSI channel direction, and a positive MACD, also the upward blue trend line). I will start to worry if it loses 10 week MA and falls out of the RSI channel.
Using Volume Profile for Upcoming European Volatility VGK - Europe ETF (most traded in US markets)
Chart - Volume Profile
Left Volume Profile shows Volume-By-Price since 2011 bottom
Right Volume Profile shows Volume-By-Price since 2009 bottom.
Recent volume (left) profile shows us where significant value support (48 to 50) and resistance (58 to 60) stands.
Volume (right) profile shows where significant value support now turned resistance is at; 52.30 and 56.75 areas.
Political Concerns in 2015
Jan 25 Greece Snap Election has everyone concerned. For 14 months Syriza has been ahead of the ruling New Democracy party of the outgoing prime minister, Antonis Samaras (pro-Euro), in the polls. Syriza party leaders have been pushing forward on an agenda to leave the Euro, dubbed the Grexit. A Grexit has many investors weary, bringing up painful memories of the 2011-12 ECB PIIGS bailouts and austerities measures that caused dangerous rioting plus run on banks. Another concern in the EuroZone is Spain , which also has elections later in 2015. Podemos Party, much like Greece's Syriza, is also anti Euro and has had large leads in the polls. The thinking is if Greece goes so does Spain.
Now what's even more interesting is the big push for a 1 Trillion Euro QE coming from Mario Drahgi and the ECB. There is much expectation that the ECB will act on or near it's Jan. 22nd meeting, and if not in Jan. than certainly on March 5th (it's next meeting). However, I believe the date could come even further out (perhaps April 15th) , while we wait to see what the new political party in Greece demands. Germany and other nations will not feel safe buying un-secure Greece debt with a radical party that threatens in exit every time they don't get what they want.
ECB Calendar
www.ecb.europa.eu