European Financial Stocks Remain Vulnerable

This morning, the leading European financial stocks are trading lower on the session. One of the most important European based financial stock that is trading lower is Deutsche Bank AG (NYSE:DB). Today, DB stocks is declining lower by 0.87 cents to $35.86 a share. Short term traders should watch for intra-day support around the $35.00, and $34.50 levels.

Some of the leading European financial equities that are declining lower today include Credit Suisse Group AG (ADR) (NYSE:CS), UBS AG (USA) (NYSE:UBS), and the Ishares MSCI Europe Financials Sector Index Fund (NASDAQ:EUFN). Today, there is a G-20 meeting taking place in Mexico, therefore, traders must be on guard if any new revelations come out of that meeting. The European financial stocks are likely to remain volatile for the near term future.

About Nicholas Santiago 575 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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