Giving Europe a chance

Fundamentally, we would agree that there are some reasons to be more optimistic on Europe: Oil has halved, the Greek dilemma has been postponed, the ECB has launched a massive bond buying program and economic data is improving. That said, from an international investor’s perspective, in USD denominated terms, our FinGraphs trend positioning cannot confirm a medium to long term reversal yet. Read more...

http://stockcharts.com/articles/tac/2015/03/fingraphs-giving-europe-a-chance.html