01/03/2013

Source : Reuters lire le PDF


Gastaldy favours a long position on the utilities sector index and a short position on the STOXX Europe 600 personal and household goods sector index, which includes luxury stocks such as LVMH, which has recently started to retreat.

Gastaldy sees the revival of the utility sector as a good opportunity to set up long/short pair trades - a popular strategy among hedge funds which involves buying, or going long, a sector and selling (going short) another based on their expected relative performance in the future. Such bets can also create a hedge against a potential pull-back in the overall market.

"You can see money flowing back into the sector," Day By Day's Gastaldy said. "The rally could go on as this could be a longer-term trend reversal. The sector has been decorrelated from the broad market, so it could well climb while the broader indexes move sideways."

Source : Reuters lire le PDF


"Money is moving back into utilities," Valerie Gastaldy, head of Paris-based technical analysis firm Day By Day, writes in a note.

Source : Reuters lire le PDF


The broad STOXX Europe 600 benchmark share index, which reached a near five-year high last Friday, is heading for 307 points, says Valerie Gastaldy, head of Paris-based technical analysis firm Day By Day.

The target represents a long-term resistance level, the 61.8 percent Fibonacci retracement of the index's 60 percent plunge from mid-2007 to early 2009

Source : BFM Business Voir la vidéo


Source : Reuters lire le PDF


The broad STOXX Europe 600 benchmark share index, which hit its highest level since mid-2008 on Tuesday morning after breaking above a key resistance level, is heading for 297, says Valerie Gastaldy, head of Paris-based technical analysis firm Day By Day.

Source : BFM Business Voir la vidéo


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