Wednesday, December 4, 2013

French and Italian ETFs Trading Right At Support

France and Italy are two of the weaker EU economies, which is reflected in both to their respective ETFs. Although both rallied since mid-summer, they have both traded sideways for the last month as the economic numbers from the EU have weakened.  NOw both are trading at their respective support levels, right near the 50 day EMAs.  In addition, momentum is weak and the CMF is declining for both.