The Eurostoxx50 includes the fifty main market capitalizations in the Euro zone. It follows a bearish dynamic, marked ...
Day By Day – Indipendent Research
|2 months Opinion||BEARISH|
|2 weeks Opinion||NEGATIVE|
|Resistances||2164 / 2216 pts|
|Supports||2076 / 2019 pts|
We are therefore negative in the short-term and envision a further movement towards the support at 1946 points (theoretical target of the channel), with an intermediate target at 2019 points. We set the invalidation threshold for this negative opinion slightly above the 2164 resistance.
|Traker’s Name||Leverage||Expense ratio|
|AMUNDI ETF SHORT DOW JONES EURO STOXX 50||x-1||0,3%|
|db x-trackers EURO STOXX 50 SHORT ETF||x-1||0,4%|
|EasyETF Euro Stoxx 50 Double Short Daily||x-2||0,6%|
|ETFX Dow Jones EURO STOXX 50 Double Short (2x) Fund||x-2||0,36%|
|Lyxor ETF EURO STOXX 50 Daily Double Short||x-2||0,6%|
|Lyxor ETF EURO STOXX 50 Daily Short||x-1||0,6%|
Follow-up Analysys: Our DBD Tracker dated 22/08/2011 recommended the sale of the DAX30. Since then, prices have reached our target of 5160 points, a performance of 5.8%.
* A leverage of 1 means that the ETF/Tracker has the same performance as the underlying index. A leverage of 2 indicates that the ETF/Tracker will have twice the performance of the underlying index. A leverage of -1 indicates that the ETF/Tracker will perform opposite that of the index: it will rise while the index falls, and vice versa.
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Source: ETFWorld – Day By Day – Indipendent Research