IBEX to Outperform SPX

IBEX to Outperform SPX

In the chart below the ratio of the IBEX vs. SPX is attempting to break above long-term resistance line (1). Look at how well-behaved the ratio b/t these two assets has been across this line historically. Also note the precipitous…...

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Europe No Longer a Critical Global Macro Driver?

Europe No Longer a Critical Global Macro Driver?

Times sure do change. Europe, for all of 2010-2012, was “the” key driver to global macro trends. ¬†Everything seemed to revolve around one peripheral country’s crisis after the next. That’s not the case anymore. ¬†The phrase “Euro-zone debt crisis” seems…...

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IBEX Faces Material Falling Resistance; Long-Term Bear Market to Resume?

IBEX Faces Material Falling Resistance; Long-Term Bear Market to Resume?

In the chart below Spain’s IBEX faces long-term falling resistance line (1), after rallying ~30% off support line (2). If line (2) were ever to give way as support, line (3), which runs parallel to line (1) and forms a…

Playing Spain’s IBEX – Where Can One Attempt to Catch This Falling Knife for a Short-Term Bounce?

There is some important support in Spain’s IBEX that comes into play ~13%-15% lower at ~5,300-5,400. This support is formed by line (2) in the chart below as well as 75% Fib retracement support and various swing lows from the…...

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