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Austria: ATX Likely To Start A New Bull Market

INDEX:ATX   AUSTRIAN TRADED INDEX
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Austria: ATX Likely To Start A New Bull Market

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


The Austrian ATX 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

https://www.investing.com/news/stock-mar...
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: http://www.cnbc.com/2017/03/28/jpmorgan-...
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
http://www.independent.co.uk/news/world/...
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: https://www.ft.com/content/bba626fa-0994...
Comment: APR 06 2017- Europe, Êconomy
Draghi says ECB's policy stance is still appropriate, too soon to reduce stimulus
Source: http://www.cnbc.com/2017/04/06/ecbs-drag...
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

https://www.bloomberg.com/news/articles/...
Comment: APR 17 2017 U.S. stocks shrug off global tensions and eye M&A
https://www.investing.com/news/stock-mar...
Comment: APR 17 2017 Wall Street gains as focus shifts to earnings
https://www.investing.com/news/stock-mar...
Comment: APR 24 2017: Wall Street surges, Nasdaq hits record on French vote result
https://www.investing.com/news/stock-mar...
Comment: NASDAQ closes at record high ahead of major techs earnings.
http://www.cnbc.com/2017/04/27/us-market...
Comment: European stock funds gather momentum as inflows cross all-time record high of $6 billion
http://www.cnbc.com/2017/05/12/european-...
Comment: Exclusive: Portugal says economy growing faster than forecast https://www.investing.com/news/stock-mar...
Comment: Rare retail bright spot boosts S&P, Nasdaq to records. https://www.investing.com/news/stock-mar...
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
http://www.independent.co.uk/news/uk/pol...
Trade closed: target reached: All European Stockmarket Indices long positons are closed on anticipated medium term consolidation. Up dates to read here:

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