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France 40 Index

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Marine Le Pen is ramping up the CAC 40. Now.French Election: Investors are very scared about Marine Le Pen But what did we learned form 2016? Investors had been scared about the Brexit, Donald Trump and the Italian Consitutional Referendum. Now Investors are scared again. The populist French politician Marine Le Pen is making investors very nervous. Quote": "Fears are beginning to show in the bond market, where investors are selling French government debt over concerns that the far right politician just might overcome the odds and win the presidential election." Source: money.cnn.com Investors are scared because the polls might be wrong again and Marine Le Pen might win the election like Donald Trump did unexpectedly. Or like the Brexit Vote. But what Investors underestimate is that Vladimir Putin east of Europe and Donald Trump in the west makes french and european voters more scared about Marine Le Pen or any far right wing party. What investors also underestimate is that Europeans are more open for a strong European Union than ever before. So lets watch closely the polls about Emmanuel Macron. The market consenus is, that Marine Le Pen is going to win the first election and fail in the second one (best of two). But there is no consensus about the possibility that Marine Le Pen might fall short in the polls and might fall behind Emmanuelle Macron in the next days and weeks. Investors are not prepared for this. Investors are scared, as you could read in the link above. If ever Macron is taking the lead than all those investors betting against France and Europe again got caught on the wrong foot - once more. So lets follow the polls and see if Emmanuel Macron might take the lead earlier than everyone (!) is expecting this.
TVC:CAC40Long
by SwissView
2
CAC 40 consolidates following December breakFollowing the impulsion at the beginning of december, the index is now consolidating its recent uptrend. Since beginning of December, after exiting a 4 month old canal, the impulsion led the index to multiple new highs. However, if the price kept going higher, the current uptrend is weakened by a divergence since mid december and visible on three main indicators (RSI, Momentum and MACD). It is very much a short term worry though as this doesn't appear on the weekly data of the index. - On a short term point of view, holders can keep their long position although others would wait for a more affordable price. - Mid to long term investors would use the same pivot prices to enter the market or not. For those already long, there is no clear indication to close a long position now and even less to open a short one. - The divergence would be totalled by a break above the recent high at 4929.6. That would be a significant buy signal. - On the contrary, a break below the support at 4822.29 would generate a short term sell signal.
INDEX:CAC40
by gbattini_STA