Italy 40 Index - CAPITALCOM:IT40
Made up of 40 of the largest companies in the Italian equity market the Borsa Italiana , the IT40 gives us an idea of how the 3rd largest economy in Europe is performing.
The Chart
- 22 month cycles
- 22 months increasing and then decreasing
- Based on the pattern we are reaching the end of a 22 month period where price is...
INVESTMENT CONTEXT
Inflation in Eurozone climbed from 8.1% in May to 8.6% in June, growing in 17 of 19 countries, with the notable exception of Germany (slide from 8.7% to 8.2%) and the Netherlands (from 10.2% to 9.9%). ECB officially scrapped its EUR 20bn/months bond-buying program on July 1
S&P 500 energy sub-index fell 17% in June, ranking as the...
Source: Corriere della Sera
Over 150 cases of Coronavirus in Italy and 7 regions are blocked and many villages in quarantine. Austria blocked all trains coming from the regions ar risk. Risk on for Europe this week.
This present a potential short opportunity as the week starts. This idea provides two target levels and good buyback opportunity at Target 2 if reached.
