Friday, July 11, 2014

Cracks in European Momentum

This week, the percent of issues above their moving averages fell across all time dimensions for MSCI Europe, registering an oversold condition on a shorter-term basis:

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Looking at the data in tabular format, the momentum weakness in Europe relative to other regions and the world has become more pronounced.

MSCI Europe
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MSCI World

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MSCI Asia Pacific

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MSCI North America

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