| Followers | 679 |
| Posts | 140700 |
| Boards Moderated | 37 |
| Alias Born | 03/10/2004 |
Monday, April 24, 2017 5:11:45 PM
EuroTop 100 Hits New High, but Still Not Outperforming S&P 500
By Arthur Hill | April 24, 2017
The Eurotop 100 Index surged over 2% and hit a new high to affirm its current uptrend, which began with the breakout and golden cross in early December. The index established support around 2900 over the last two months and this is the first area to watch going forward. A break below this level would be negative and suggest that a correction is beginning. Even though the index is at a new high, it is still performing in-line with the S&P 500 over the past year. The indicator window shows the price relative falling into June 2016 and then flattening over the last ten months. The top European stocks are not outperforming the top US stocks until this ratio turns up.
****************************************
Thanks for tuning in and have a great day!
--Arthur Hill CMT
http://stockcharts.com/articles/dont_ignore_this_chart/2017/04/eurotop-100-hits-new-high-but-still-not-outperforming-sp-500-.html
• DiscoverGold
By Arthur Hill | April 24, 2017
The Eurotop 100 Index surged over 2% and hit a new high to affirm its current uptrend, which began with the breakout and golden cross in early December. The index established support around 2900 over the last two months and this is the first area to watch going forward. A break below this level would be negative and suggest that a correction is beginning. Even though the index is at a new high, it is still performing in-line with the S&P 500 over the past year. The indicator window shows the price relative falling into June 2016 and then flattening over the last ten months. The top European stocks are not outperforming the top US stocks until this ratio turns up.
****************************************
Thanks for tuning in and have a great day!
--Arthur Hill CMT
http://stockcharts.com/articles/dont_ignore_this_chart/2017/04/eurotop-100-hits-new-high-but-still-not-outperforming-sp-500-.html
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
