DBD Strategy Daily - LUXURY : all good things come to an end
If you are a regular reader, today's reaction to LVMH results should not come as a surprise. On , we advised moving from Luxury to Energy. On , we reviewed large European luxury stocks and advised not to buy, though prices were still above supports for many stocks. Today, we can add that we have had a medium term sell signal from Global Luxury indices at the end of last week. The trend has now officially reversed to the downside.
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