The risk from Greece falling into a severe financial crisis and ultimate withdrawal from the Eurozone seemed to hold greater trouble for the country's partners and international markets than it did for Greece itself. After news of progress on a deal that may reach €86 Bln, the GREK ETF reflected little of the optimism expected. Meanwhile, Euro-area equity indexes...
With Greek markets closed, we have had to look elsewhere to measure the expectations and fears surrounding the Euro-area's most prominent threat. Will we can look at equity activity in the region, that is more a measure of contagion fears - which kicks in as the severity of fear gets to certain high levels. The GREK Greece ETF is more timely and certainly a...
I continue to watch for signs of correlation between Greek capital markets and the value (proxy for use) of Bitcoin. Back in 2013, Cypriot capital controls looked to significantly increase the adoption of the cryptocurrency as wealthy foreigners used new channels to repatriate their funds and avoid account lock up and potentially new taxes. Greece doesn't have...
Greece's financial and economic ills are a definitive concern for the Euro area. It doesn't surprise that the region's ETF and equity benchmark impose an indelible mark on the performance of the regional currency. However, QE is starting to be seen as a silver lining to other equity indexes (DAX, CAC, IBEX). Will Greece find the same peace and further stabilize...
The FTSE Greece ETF (GREK) has turned to a clear range. The consolidation after the substantial decline is somewhat surprising and somewhat not. On the one hand, the situation is not being resolved. On the other, there has already been substantial depreciation against other Eurozone markets where QE has offered strong levitation. A range now looks like a price...
No surprise that Greece is the worst performing of the major European regions in 2015. Not only does it have its ongoing economic, financing and political issues; but the 'life-giving' QE that has washed over the Eurozone doesn't easily filter into the country.
buy breakout on weekly close, if ever.
Cannot go above the pink line for 3 weeks. Given this and RSI resistance, a pullback is very likely. So, either buy breakout, if that happens; or buy bounce on pullback. Note the 10 MA is pointing up now, RSI and MACD are healthy.
We have formed a double bottom, the second low undercut the first, and then we saw the "famous" follow through day (William O'Neil). The first target is14 and the second is18
RSI and MACD look good now, price is still weak - want to see it to go above 10 MA and blue line. Guess it still needs several months before the bottom is solid. Will track it.
The ECB announced that Greece cannot exchange it's junk bonds for Money. Although the market closed hours ago, the ETF GREK , took a massive 10 % hit in the last 15 min of the trading session. Te Euro also reacted negatively against the USD. Cheers Algo
Idea about what's going on with GREK. It obviusly went down because of the head and shoulders but will it bounce back to ATH levels or dump with Europe crash in some months?
Based on latest economic stats, it looks like Greece is in recovery mode, according to The Wall Street Journal. * blogs.barrons.com * stockcharts.com Disclosure: I bought today