European Stocks Suffer 'Death Cross' As Rebound Rolls Over

Following dismal PMIs across Europe yesterday, the region's equity market rebound is rolling over today and has triggered the dreaded 'death cross', last seen in September 2015 before stocks legged notably lower.

European economic data has been dramatically disappointing recently (weakest since Sept 2016)...

The 50-day moving-average has crossed below the 200-day moving-average just as the dead-cat-bounce in European stocks rolls over...

Notably, while US equities managed to retrace around 61.8% of its drop...

European equities only managed around 38.2%...

Comments

Bill of Rights Thu, 02/22/2018 - 08:30 Permalink

Confirmed David Hogg, Works for John Podesta, Center For American Progress

 

The saga continues; David Hogg is not only a crisis actor ready and

willing to look good for the cameras in times of trouble, he is also a confirmed puppet for the Podesta funded Center For Amerian Progress. Looking back on his Tweets, we found that David Hogg’s first posts were dedicated to the Podesta organization.

 

https://squawker.org/conspiracy/confirmed-david-hogg-works-for-john-podestas-center-for-american-progress/

Arnold Thu, 02/22/2018 - 08:46 Permalink

Welcome back to the Greatest Show on Earth,
to our Chinese Trader brethren.
Relaxing Family Visits?
Special shout out to Banana Man.
Please do not break the market today.
Thank you very much.

hibou-Owl Thu, 02/22/2018 - 09:06 Permalink

CAC40 has managed a 61.8% retracement 

My view is the flat formed after the first leg down is close to completion.

It is difficult to get a count in this C wave of the flat (more evidence that it's not impulsive).