Sentiment in the equity markets has changed to negative

Sentiment in the equity markets has changed to negative as investors start to accumulate more risks around Greece and the election of 01.25.2015 year. Forecasts indicate a severe lead, which means opposition to the new government “troika” and serious problems in the Eurozone. German Chancellor Merkel said that Greece’s exit from the Eurozone is now possible, thereby increasing the risks in the short term, although in the medium and long term this is good for the Eurozone.

We still have no technical signal to reverse the movement of European indices to “bear”, but at the first indexation may follow a sharp drop.

The next few days will focus are the financial statements of US companies. Expectations are for better results, which will not allow deployment of a deeper correction in indices.

We expect volatility as possible sharp movements in both directions.

 Varchev Traders

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