Hate the Politicians - Date the Stocks

European breakout

On the 25th of August we went long Europe on the theme of "things can only get less bad". It has not been a great trade as we have spent most of the time in negative territory - and we were very close to pull an "emotional stop" when the EU Parliament refused a minute of silence for Kirk. Now, EU equities are breaking multi-year levels. Let's have a look at the fundamentals once again. The short summary? We decided to "not get emotional about stock" and are staying trading long.