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European Rallies At Important Juncture…

  • Written by Syndicated Publisher No Comments Comments
    August 27, 2014

    Our technical indicators (not shown) have had us calling for a rally in Europe’s markets off their short-term oversold condition beneath 50-day moving averages.

    For a couple of weeks it was just not happening. Every time they tried to rally they were hit with more bad news, either on their economies or in the form of renewed hostilities between Russia and Ukraine.

    However, they finally received a calm spot within which they have been rallying.

    The next question is whether having rallied back to their 50-day moving averages, they will be able to break through that potential resistance, as the U.S market has, or will their rallies find the 50-day m.a to be resistance that halts yet another rally attempt?




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    Images: Flickr (licence attribution)

    About The Author – Sy Harding, Street Smart Report

    Sy Harding publishes the financial website Street Smart Report Online and a free daily Internet blog at Sy’s Free Blog. In 1999 he authored Riding The Bear – How To Prosper In the Coming Bear Market. His latest book is Beat the Market the Easy Way! – Proven Seasonal Strategies Double Market’s Performance!

    It includes our research and analysis on the economy and markets, and provides charts and buy and sell signals on the major market indexes, sectors, bonds, gold, individual stocks and etf’s, including short-sales and ‘inverse’ etf’s.

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