From Dana Lyons: Several key equity trendline tests are underway across the European region.
From Zacks: Italy is mired in a political disorder. A political alliance between two populist parties to form government broke down after president Sergio Mattarella, a loyal supporter of the EU, debarred the nomination of Eurosceptic Paolo Savona as the economy minister.
From Dana Lyons: A vast number of markets are undergoing key tests of important Up trendlines at the moment.
From Dana Lyons: European equity indices are testing key levels of bull market support.
We saw rather well-timed upside positioning in the fifth largest “Europe Equity” ETF options late last week, consisting of August 39 strike calls in FEZ (SPDR Euro STOXX 50, Expense Ratio 0.29%, $2.9 billion in AUM).
From Taki Tsaklanos: The topic of this week has been the French elections. Everyone is watching the French elections results as if they will change the world, in an emotional rather than rational way.
From Dana Lyons: Long-term chart resistance may slow the pace of the European stock rally.
Frank Holmes of U.S. Global Investors brings us seven big reasons to be bullish on Emerging Europe as an investment vehicle right now.
Analyst Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today sees not unexpected U.S. equity fund inflows, along with some bullish options activity in a major European ETF.
In what has not been the most eventful week in terms of ETF/Index options trading, we have noticed some interesting options flows in the Eurozone segment via two ETFs.
Analysts at Susquehanna have identified a major bearish options trade made against a popular Europe-focused ETF, which could be subject to increasing volatility as France’s presidential election looms in April.
From Taki Tsaklanos: European stock market investors had great returns in December of last year. We wrote that the European stock market was ready for a 15% rally, on the short to medium term timeframe.
From Taki Tsaklanos: Europe’s stock market is bullish, simple as that. No matter whether there is a Brexit, Italexit, or referendums, the market decides that Europe’s stock market goes higher.
The European Central Bank (ECB) is apparently set to embark on the final voyage of its easing policy. At least, the ECB president Mario Draghi’s latest comments in a German financial newspaper give such cues.