European Markets - Thoughts iShares Europe ETF (IEV)

publication date: Oct 11, 2018

Cerundolo Investment Research    

European Markets Update  

Volume 2, Issue 2
October 11, 2018

 


Items of Interest:

This is a chart used in prior Technical Tuesday reports and updated here with current thoughts. If price were to achieve the downside target at $36.50, this would be a -28% decline from the January high. The decline from the 2014 high to the 2016 low was -32%. We strongly feel there is more downside and would avoid trying to pick a bottom at this point.

Here are the country weightings of this ETF:

 

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