Waiting for the Break

Just like the S&P 500, European equities have proved quite resilient in recent months, consolidating 24 months of gains and continuing to trade in quite a narrow range. It would be quite a bullish development for EU equities to break above resistance levels highlighted on the chart below and mentioned in previous posts. Should the Eurostoxx break and hold above 410-415, the Active Asset Allocator will take a position in European shares. 

In the meantime, we do remain cautious as signs are appearing that the advance is running out of steam. The Relative Strength Index (RSI) is not confirming the recent highs and neither is the MACD momentum oscillator. A break higher and we buy, a break lower and we continue to search for clues.


At Secure Investments, I advise individual clients on their pension and non-pension fund investment portfolios. To learn more about my Active Asset Allocator and Gold Trader  investment strategies, please get in touch at brian@secureinvestments.ie or 086 821 5911. If you are reading this via LinkedIn, why not visit Secure Investments and subscribe to get exclusive content for free. No spam, ever. Just great stuff.


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