Europe Snapback?

By | January 1, 2015

The charts of the major Europe iShares funds are completely broken and have been for some time. They are all back below their 50 day moving averages and look in dire need of some quantitative levitation.

01. Europe ETFs chart

It may happen next week, and considering the underperformance of these funds last year relative to the S&P 500 index, they could see some snapback.

01. Europe ETFs Relative Performance  chart

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