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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Monday, April 09, 2012

Spain and Italy...European Assets or Liabilities?

Spain and Italy have their share of problems, which are reflected in these Daily charts below. Both have recent "falling knife" formations. A break and hold below 3-year lows on the Spanish index would be very bearish and difficult to stop-gap a bear exodus. Whether or not the recent bullish Golden Cross on the Italian index will be sufficient incentive for the bulls to re-enter this market remains to be seen. As they stand now, neither one is supporting a bullish case for Europe.