Germany Weakening?

By | April 23, 2015

The Germany iShares (EWG) fund sold-off sharply last Friday, along with our markets, breaking below the uptrend line that supported this year’s rally. It has since been unable to return back above that trend line, and is down a percent in today’s trading and below its 50 day moving average. Market participants are always looking for a non-random reasoning for the behavior of the markets and last week it was Europe. If they pick-up on this theme again, it could put pressure on our market, as the major indices are retesting all-time highs.

4423.EWGchart

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