Don't Ignore This Chart!

London FTSE is the Best Performing European Index in 2016

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The London FTSE is still down year-to-date, but it is the best performing index in Europe for 2016. The PerfChart below shows year-to-date performance for nine European stock indexes. The London FTSE is in the middle (light blue) and down less than 1% this year. In comparison, the Madrid IBEX 35 (black), Portuguese PSI (teal), Swiss Market Index (purple) and Italian MIB (orange) are down double digits. The Netherlands AEX is the only European Index holding up this year because it is down just 1.30%. 


The CandleClance charts below show the London FTSE moving above its 200-day moving average this week. The German DAX Index ($DAX) and Netherlands AEX ($AEX) also surged the last two days and both are challenging two moving averages (50-day and 200-day). Three are the three leaders in Europe right now. 

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--Arthur Hill CMT

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.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. Learn More
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