European & UK Banks; Screening for Investment Opportunities

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

EURO STOXX 50 Price EUR / Technical Analysis

Eurobanks index (SX7E) met our 103 tactical rally objective and now prone to a pullback on a give back in yield that will set up a fresh long in the banks.Upside choppy overlap warns of a tactical top in line with our call for bond yields to pullback. Daily RSI divergence (break below micro support) and MACD rolling also warns that a top is forming.Upside choppy overlap warns of a tactical top as does RSI divergence and MACD resistance.Price and trendline support coincide at the 97 area making 98 a viable fresh long zone. Our next key upside target lies at 108.

Eurobanks index (SX7E) met our 103 tactical rally objective and now prone to a pullback on a give back in yield that will set up a fresh long in the banks.Upside choppy overlap warns of a tactical top in line with our call for bond yields to pullback. Daily RSI divergence (break below micro support) and MACD rolling also warns that a top is forming.Upside choppy overlap warns of a tactical top as does RSI divergence and MACD resistance.Price and trendline support coincide at the 97 area making 98 a viable fresh long zone. Our next key upside target lies at 108.

EURO STOXX 50 Price EUR

Euro Banks Long Add Level