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European Stocks: Good Start for the Bulls in 2012. Will It Stick?
Inside EWI's February 2012 European Financial Forecast...

By Vadim Pokhlebkin
Fri, 03 Feb 2012 18:45:00 ET
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Mainstream analysts can busily debate Europe's "fundamentals," but here at Elliott Wave international our European Financial Forecast editor Brian Whitmer reports this: 

"January’s push carried the FTSE 100 above 5747.33, fulfilling last month’s forecast... The same can be said for the DAX, which pushed above 6430.60. The CAC 40 and Eurostoxx 50 remain just short of last month’s cited price projections: 3411.22 and 2506.22, respectively."
 
In other words, while others guess about the eurozone future, European Financial Forecast has actually been -- well, forecasting.
 
What's in store for Europe in the next few weeks?
 
The February 2012 European Financial Forecast explains:
 
ELLIOTT WAVE OVERVIEW: The latest European stock rally reveals three technical measures -- its Elliott wave structure, corroborating sentiment data, plus momentum figures -- which suggest that European shares are not yet out of the woods. See the opening section of the January 2012 European Financial Forecast for more.
 
MARKET MOMENTUM: Momentum profiles help an analyst confirm or eliminate various Elliott wave counts. Countertrend rallies typically have waning momentum, while rallies which go with the trend receive the support of rising momentum indicators. The February issue gives you a close look at the recent momentum in European stocks -- and explain the implications.
 
MARKET PSYCHOLOGY: Now that the DAX has risen 30% from its September low, the Daily Sentiment Index of DAX bulls has pushed to a 3-month high in optimism. At the same time, the VDAX dropped to 21, indicating widespread complacency amongst options traders. We show you comparisons to past readings of these two important indicators to give you a good idea of what today's sentiment implies for the trend in stocks.
 
MARKET SPOTLIGHT: GREECE & PORTUGAL. Today’s ticking time bomb in Europe is Greece's €14.5 billion debt payment that comes due on March 20. Despite two massive loan packages and two years of crippling austerity, the Greek treasury again finds itself short. We also show you the path Portuguese stocks might take if they follow Greece's lead -- which appears likely.
 
THE EURO: Last month's European Financial Forecast told subscribers to expect an “upward pop” in the euro based (among other things) on the miserable sentiment toward the currency -- a contrarian buy signal. Since January 16 low, the euro has indeed rallied -- 5%. Get our update on the euro's likely next move.
 
EUROZONE ECONOMY: For the first time in history, the Bundesbank sold six-month bubills (the German equivalent of a U.S. T-bill) in January at a negative yield of -0.1222%. In other words, investors were willing to incur a known loss over six months for the privilege of keeping their money in ultra-safe German debt. Is that a sign of inflation? Hardly. We explain more in the issue. 

Tap into these insights now via a RISK-FREE, instant-access subscription to The European Financial Forecast Service. Subscribe today, and you'll also get instant access to the still-valuable January 2012 European Financial Forecast.


 
Here's what you get:
 
The European Short Term Update
A near-term focus on European markets aims to give you the insight you need to act decisively before short-term market moves. The Update is published every Monday, Wednesday and Friday, so you're never in the dark about near- and intermediate-term trends in Germany's DAX stock index, Britain's FTSE-100, France's CAC40 and Eurozone's Dow Jones Euro Stoxx 50 -- and other markets.
           
The European Financial Forecast
With an intermediate- to long-term focus on 12+ European bourses, you get the invaluable big-picture outlook most investors only dream of. You tap into important social trends moving alongside the regional indexes, and be warned of developing market opportunities long before they occur. You get the knowledge to anticipate how the waves of social mood will affect the political and corporate environments across Europe, helping you invest with confidence.
           
The Elliott Wave Theorist
Trusted since 1979, Bob Prechter's straight-talking Elliott Wave Theorist is the bedrock of EWI analysis. Delightfully contrary, refreshingly logical and downright accessible, the Theorist is a must-read for every independent investor. You get thought-provoking analysis and forecasts on the near-, intermediate- and long-term direction of the financial markets, critical trends in investor psychology plus timely in-depth research and insights you're guaranteed not to get from any other source.
 
 
 
 
 
 
You can try to keep up with more than 45 countries on the European continent and Europe's 5 major stock markets yourself -- plus struggle to catch developing opportunities in lesser-followed markets all on your own -- or you can tap into the mother lode of unconventional, yet accessible analysis here at Elliott Wave International. Let us research the European markets for you, so you can concentrate on successfully navigating the opportunities that arise. 
  1. Germany's DAX stock index
  2. Britain's FTSE-100
  3. France's CAC40
  4. Eurozone's Dow Jones Euro Stoxx 50
  5. The Netherlands' AEX
  6. Switzerland's SMI
  7. Spain's IBEX 35
  8. Italy's S&P/MIB
  9. Belgium's BEL20
  10. Austria's ATX
  11. Sweden's OMX
  12. Norway's OBX
  13. Greece's FTSE ASE
  14. Russia's RTS
BONUS: Your risk-free European Financial Forecast Service subscription also gives you instant online access to EWI's advanced Elliott wave tutorial, classic EWI reports, multimedia files, answers from analysts on EWI's Message Board, educational tools, and more. Best of all, it's completely free.

 

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EFFThe European Financial Forecast gives you an invaluable big-picture outlook for major European bourses to give you an edge over the investing herd.

Each monthly 10-page issue gives you timely, Elliott wave analysis and forecasts of the DAX, FTSE, CAC, Euro Stoxx 50 and more, plus commentary on economic and social trends.

Preview the Latest European Financial Forecast Now>>
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