#EWG German Market Index ready for a retracement?We seem to be reversing off the top of this multi-channel area at 31.25. In Addition, RSI has bearish divergence and we also recently had a demark13 countdown which could signal an exhaustion in trend. Watch for a reversal to take place off the current area. Perhaps a move back to the 50day moving a
Key stats
About iShares MSCI Germany Index Fund
Home page
Inception date
Mar 12, 1996
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
EWG aims to provide concentrated exposure to large- and mid-cap segments of the German equity market, meaning it covers the top 85% of the German companies by market cap. It primarily consists of stocks traded on the Frankfurt Stock Exchange. The fund uses a traditional, market-cap focused strategy for the selection and weighting of its securities. It tracks an index that omits small-cap companies which are a minor part of the overall market. Index constituents are reviewed quarterly.
Classification
What's in the fund
Exposure type
Finance
Technology Services
Producer Manufacturing
Stock breakdown by region
EWG , LONG, if we take back the 50 sma while respecting S2 .Well the doom and gloom news came out today and net short levels went up 3% to 78% .
The news is that Germany is officially in a recession .
The news is bad , the consensus is that this has to go down .
So, time to long , the temptation is to get long right now but my rules don't allow it , fo
EWGIn 2022, Europe faced a number of challenges that had a significant impact on the region. High energy prices, inflation, and the war in Ukraine all contributed to a difficult economic and political climate. It was predicted that these dark days would continue for longer than expected, but there were
German 40 , Net short update per Daily Fx trader data German 40 shorts are getting more and more aggressive , this has been the theme all year long , they refuse to believe that this is a bull market and continuer to short more and more .
**The same is true for:
Dow jones at 64% net short ,
US 500 at 63% net short
France 40 at 84% net short
and F
Long EWGEuropean equities have been an out performers for 23 and I look for that trend to continue. This can be accomplished by a long position in EWG - iShares MSCI Germany ETF. At the moment the rally should be entering a good supply zone so I will look to add to longs on any pullback which should be sh
My 2023 posts will not be as detailed . Hey everyone , so those that looked at my previous ideas know that I was pretty good at posting profit targets and stops last year .
I think that was an important step for me to get a consistent process down , I am still following that exact same trade management and have no intentions of changing
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.