A number of long setups are coming up in the scans, but they all look identical. Deron Wagner generally doesn't like trading setups that seem too obvious across the board. Just about the time that everyone sees the same thing is when the market exacts its biggest toll.
EWI, an exchange traded fund which tracks the MSCI Italy Index looks unattractive longer term, and joins other European equity indices, including EWP (Spain) and EWK (Belgium), which should be avoided.
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