Congrats to the Dutch on a big World Cup win!
We’ll see if today’s win for Nederland takes stocks higher in Amsterdam tomorrow. For now, the Netherlands Amsterdam Exchange Index (AEX) remains bearish from an intermediate term TREND perspective and bullish from an immediate term TRADE perspective. Our risk management lines are 339 (SELL TREND) and 324 (BUY TRADE), respectively.
From a European Equity price performance perspective for 2010 to-date, Nederland (-3%) looks better than France (-10%) and Italy (-14%), but worse than Germany (+3%) and Denmark (+20%).
Keith R. McCullough
Chief Executive Officer