DBD Strategy Daily - EUROPE : PERFECT PATIENCE OPPORTUNITY
There are no quality signals to report from market. Everyone is just waiting for central banks forward guidance... To summarise what we see on charts, weak European sectors are oversold at supports while strong sectors are overbought at resistances. Two perfect examples are Banks and Industrials. Buying weak stocks and selling strong stocks is not a good idea, it is working against trends. In most instances, it means the market will be flat. This is a perfect opportunity to be patient.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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