• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Here


    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

The German DAX is broken from a trend perspective; it would have to get back above 11,741 to reverse this. Currently the DAX has immediate downside risk to 10,770.

Whether or not you believe the Greeks are going to get something done, it's important to remember that the entire free world of market participants are long the concept of the next central plan having upside as oppose to downside – but what happens if they don’t get it done?!

From here the asymmetry is to the downside. You can buy Germany, but you don’t have a lot of upside vs. downside.

Beware: Germany Is Not Out Of The Rough Waters Yet - z dax 06.25.15 chart

Editor's Note: This is an excerpt from our morning research. We offer investors multiple high-caliber products. Click here to learn more and subscribe today.