{"id":11987,"date":"2012-05-30T12:32:18","date_gmt":"2012-05-30T16:32:18","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=11987"},"modified":"2012-05-30T12:32:18","modified_gmt":"2012-05-30T16:32:18","slug":"spain-etf-ewp-hits-nine-year-lows","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2012\/05\/30\/spain-etf-ewp-hits-nine-year-lows\/","title":{"rendered":"Chart Review: The Spain ETF (EWP) Hits Nine-Year Lows"},"content":{"rendered":"<p>Two weeks ago, the iShares MSCI Spain Index Fund ETF (EWP) finally broke through its 2009 lows. Today, at the time of writing, EWP has plunged into nine-year lows, and is sinking fast. Charts like these remind us of the financial peril facing Europe right now.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_11988\" aria-describedby=\"caption-attachment-11988\" style=\"width: 490px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/05\/120530_EWP.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/05\/120530_EWP.png\" alt=\"The Spain ETF, EWP, hits nine-year lows\" title=\"The Spain ETF, EWP, hits nine-year lows\" width=\"500\" height=\"350\" class=\"size-full wp-image-11988\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/05\/120530_EWP.png 500w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2012\/05\/120530_EWP-300x210.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><figcaption id=\"caption-attachment-11988\" class=\"wp-caption-text\">The Spain ETF, EWP, hits nine-year lows<\/figcaption><\/figure><br \/>\n<strong>Source: <a href=\"http:\/\/www.freestockcharts.com\/\" target=\"_blank\">FreeStockCharts.com<\/a><\/strong><br \/>\n<\/center><\/p>\n<p>In the latest news, <a href=\"http:\/\/www.cnbc.com\/id\/47614794\" target=\"_blank\">the European Commission offered Spain more time to get its debt under control and to recapitalize its banks<\/a>. I am not exactly sure how more time resolves anything when it seems like Spain needs new tools, new sources of growth, new sources of economic competitiveness to pull itself out its current economic vortex&#8230;<\/p>\n<p>Be careful out there!<\/p>\n<p>Full disclosure: no positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two weeks ago, the iShares MSCI Spain Index Fund ETF (EWP) finally broke through its 2009 lows. Today, at the time of writing, EWP has plunged into nine-year lows, and is sinking fast. Charts like these remind us of the financial peril facing Europe right now. Source: FreeStockCharts.com In the latest news, the European Commission &#8230; <a title=\"Chart Review: The Spain ETF (EWP) Hits Nine-Year Lows\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/05\/30\/spain-etf-ewp-hits-nine-year-lows\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[483,794,62],"tags":[462,463,1607,1597],"class_list":["post-11987","post","type-post","status-publish","format-standard","hentry","category-breakdown","category-europe","category-technical-analysis","tag-ewp","tag-ishares-msci-spain-index-fund-etf","tag-spain","tag-technical-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chart Review: The Spain ETF (EWP) Hits Nine-Year Lows - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/05\/30\/spain-etf-ewp-hits-nine-year-lows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Review: The Spain ETF (EWP) Hits Nine-Year Lows - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"Two weeks ago, the iShares MSCI Spain Index Fund ETF (EWP) finally broke through its 2009 lows. Today, at the time of writing, EWP has plunged into nine-year lows, and is sinking fast. Charts like these remind us of the financial peril facing Europe right now. Source: FreeStockCharts.com In the latest news, the European Commission ... 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