European Charts (and what to use as a hedge)
Majority of the European Indices are within the down trend. The down momentum has eased slightly, and we could be retesting some of the resistance levels a little higher. Market is in a buy the news mood, whatever the news is, until people realize reality.
Dax testing down trend channel.
Stoxx 50 getting “trapped” here.
MIB. Trend down intact.
Le CAC is down…
IBEX trading at low levels in the big down channel.
Athens, still the Dog….
If you want to hedge the Market Risk with appropriate “always best hedge”, just buy AAPL, because it can’t go down….
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