The Euro Top 100 Index ($EUR) may be underperforming the S&P 100, but the index is clearly in an uptrend. $EUR broke its April high in December and recorded a 52-week high in January. There is nothing but uptrend as long as the May trendline holds. This index is the European equivalent of the S&P 100 ($OEX).
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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