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Peter Goodburn
  • Peter Goodburn
XLK XLK
XLY XLY ... (+10)

The Navigator - Eurostoxx Banks turn Positive! - Energy Sector on Watc...

Analysis begins with an overview of the main U.S. and European Stock Index trends and its location within the secular-bull uptrend. One interesting chart that has surfaced from our portfolio of comparison analogues is the positive-correlation between the EuroStoxx Banks index and the US10yr Treasury Yield. The former is identified as ending a horizontal flat (consolidation) pattern that began last May, so this is preparing its next stage of the medium-term uptrend. Such a bullish condition can b...

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