InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

European Debt Crisis: Here Is The Trade

Many of the leading European banks are now diverging from the U.S. banks, this tells us that the European debt crisis is far from over. In this Weekly Market Report we will examine three leading European banks using daily charts. The stocks discussed in this report are all trading under the daily chart 200 moving average, which is a sign of weak relative strength for the European bank stocks. The opposite is true for the U.S. banks, as J.P. Morgan Chase & co (NYSE:JPM), Bank of America Corp (NYSE:BAC), and Wells Fargo & Co (NYSE:WFC) are all trading above the daily chart 50, and 200 moving averages, which is a sign of strength on the charts. ...Continue reading here: http://bit.ly/zC33oX