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Austria: ATX Likely To Start A New Bull Market

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INDEX:ATX   None
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Austria: ATX -0.92% Likely To Start A New Bull Market

More and more European Stockmarkets showing signs of a broad based Bullmarket

The Austrian ATX -0.92% is one of those Indices.
Comment:
March 23 201, French Election: After first TV-Debate Macron is taking the lead for the first round of election

Macron: 26%
LePen: 25%
Comment:
Comment: MAR 23 2017: All major sentiment Indicators showing "fear" or "extreme fear" - even Markets just a few points under multi year highs or all time highs (DAX)

Before you read this news about todays market action (link below) keep your attention to the high level of putbuying at the CBOE: Total Intraday Put/Call Ratio 1,13. If ever there might be any higher number before the weekend the remind that usually high numbers like this are followed by a major spike to the upside some trading days later. Expect that a "fail" for Donald J. Trump might be nothing else than "sell the news" (for shortsellers). You need to invert the situation.

DAX Traders need to be aware that the EUWAX Sentiment Indicator today once more was extremely negative - means nothing else that putbuying was extremely high.
Quote: Wall St closes lower after Healthcare vote delay

www.investing.com/ne...re-vote-delay-468437
Comment:
MAR 24 2017: Trump's approval rating craters in poll — and his base is the culprit

Quote: President Donald Trump's approval rating has fallen to 37% — a new low, according to a Quinnipiac University national poll released Wednesday. The poll found the president to be losing crucial support among Republicans, men, and white voters. The survey of 1,056 voters from across the US found that Trump's approval among Republican voters dropped to 81%, from 91% of those surveyed in a similar Quinnipiac poll two weeks ago. His disapproval rating among that group jumped to 14% from 5%.
The poll showed those in Trump's most supportive demographics — male and white voters — to be increasingly unhappy with his performance. Forty-three percent of men approved of Trump — down from 49% in the most recent poll, while 44% of white voters approved, also down from 49%. "Most alarming for President Donald Trump, the demographic underpinnings of his support, Republicans, white voters, especially men and those without a college degree, are starting to have doubts," the assistant director of the poll, Tim Malloy, said in a statement. Source: uk.businessinsider.c...rit-2017-3?r=US&IR=T
Comment:
Comment:
MAR 28 2017: JPMorgan: A Le Pen loss will be a win for European equities

Quote:

If far right French presidential candidate Marine Le Pen loses the election, it will spur a "significant" surge of inflows into European stocks, JPMorgan said in a note Monday.

How significant?

JPMorgan estimated that a Le Pen loss will see at least 10 percent of assets under management flow back into the region's stock markets. It noted that since the beginning of 2016, around $100 billion has flowed out of the segment, according to EPFR data, marking up a loss of nearly 10 percent of assets under management. "We believe that these flows at least could come back into the region, should political uncertainty fade, in addition to any potential new net inflows," JPMorgan said. Some opinion polls have shown that Le Pen, leader of the far right, anti-European Union, anti-immigrant National Front party, could be a top pick in the first round of voting in France's presidential election on April 23.
A healthy majority of analysts and experts believe Le Pen, who wants to pull France out of the euro zone, won't win the second round of voting on May 7 if she makes it past the first. But fears abound over a potential dark horse Le Pen victory, in line with political surprises such as Brexit and Donald Trump's U.S. presidential win. That's spurred concerns of a potential French exit from the euro azone, dubbed Frexit, and even a possible breakup of the bloc. While JPMorgan noted that any "Le Pen loss" lap of inflows was likely to boost the euro, it didn't expect that would weigh on European stocks, which have benefited from a weaker currency. "We think a stronger euro would not be an impediment for regional equities and, in fact, believe the euro will turn positively correlated to euro zone equities, no matter the election outcome," it said. It noted that the euro is typically seen as a vote of confidence in the region. Source: www.cnbc.com/2017/03...ropean-equities.html
Comment:
APR 01 2017: For Stockmarket Traders the Brexit is linked with "the rise of populism" in Europe. In most traders logic the Brexit should had caused a victory of Dutch far right party PVV (Gert Wilders) and should cause a victory of Marine LePen. The overall logic behind this story was to short European stockmarkets. This the rise of populism die not happened because voters in Europe turning away from populism, wich finally caused without any doubt the Brexit.

Two votes had been won by populists: The Brexit and the U.S. Election. Now lets have a look, how the latest approval rates are for Donald Trump:

MAR 30 2017: Majority of Americans think Trump's doing a poor job and the country is headed in the wrong direction: Poll
Source: www.cnbc.com/2017/03...ting-is-falling.html
Trump's approval rating slips to another new low, much lower than resent presidents at this point in their terms
Source: www.cnbc.com/2017/03...-in-their-terms.html
Comment:
APR 03 2017: Donald Trump says he is ‘totally in favour’ of ‘wonderful’ EU
US President performs apparent U-turn after criticising bloc in previous interviews
www.independent.co.u...-pence-a7596731.html
Comment:
APR 04 2017: Michael Hasenstab bets against euro in populist hedge

Quote: Michael Hasenstab is betting against the euro, a striking position for an investment manager celebrated in Europe for throwing the weight of Franklin Templeton’s flagship bond fund behind Ireland and Hungary as they emerged from the debt crisis. Speaking to the Financial Times, his comments highlight the concerns of many international investors, amplified following a campaign pledge from Marine Le Pen, presidential candidate of the far right in France’s upcoming presidential election, to withdraw the country from Europe’s single currency.
Quote: www.ft.com/content/b...e7-ac5a-903b21361b43
Comment:
APR 05 2017 Euro zone businesses started 2017 on a six-year high: PMI
www.investing.com/ne...ear-high:-pmi-471528
Comment:
APR 06 2017- Europe, Êconomy
Draghi says ECB's policy stance is still appropriate, too soon to reduce stimulus
Source: www.cnbc.com/2017/04...ill-appropriate.html
Comment:
APR 17 2017 - China Roars Back to Lift Global Outlook as U.S. Consumer Weakens

- Economy on pace to power one-third of global growth in 2017
- Government makes progress in restraining runaway credit growth

www.bloomberg.com/ne...u-s-consumer-weakens
Comment:
Comment: APR 17 2017 U.S. stocks shrug off global tensions and eye M&A
www.investing.com/ne...s-and-eye-m-a-474690
Comment:
APR 17 2017 Wall Street gains as focus shifts to earnings
www.investing.com/ne...litical-risks-474631
Comment:
APR 24 2017: Wall Street surges, Nasdaq hits record on French vote result
www.investing.com/ne...-french-worries-ease
Comment:
NASDAQ closes at record high ahead of major techs earnings.
www.cnbc.com/2017/04/27/us-markets.html
Comment:
European stock funds gather momentum as inflows cross all-time record high of $6 billion
www.cnbc.com/2017/05...on-france-trump.html
Comment:
Exclusive: Portugal says economy growing faster than forecast www.investing.com/ne...than-forecast-488109
Comment:
Comment: UK could be heading towards hung parliament after general election, pollster predicts
YouGov predicts the Conservatives may win just 310 seats – 16 shy of an absolute majority
www.independent.co.u...atives-a7764271.html
Comment:
Trade closed on profit taking and medium term anticipated market consolidation after 16 month valid up trend.

More updates to read here:

Trade closed: target reached:
Trade closed. Please click on the chart above to read more comments.

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