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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...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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Dots

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Decorating the tree

Decorating the tree

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Friday, January 20, 2012

Portugal...The Eurozone "Poor Relative"

Below are several charts and graphs (available at www.Stockcharts.com) comparing the German DAX, French CAC, Portuguese PSI, and Greek GRDOW Indices over three different time periods.

The first two are taken over the past three months. We can see on these that although the DAX and CAC began to rally in November, Greece continued to drop until last week, and Portugal has basically moved sideways from November.



The next four depict the recent surge in the Greek index compared with the other three indices as talks are underway over Greek debt...the first two begin on January 2nd, 2012, and the last two begin on January 16th.





The last Daily chart below of the Portuguese Index shows diverging, declining momentum (on the last rally from mid-December) and is now in negative territory, and no positive divergence yet on Stochastics...one to watch for either continued weakness and a break below the shorter-term uptrend, or a breakout above and reversal of the senior downtrend.