iShares Telecom Europe: First window hit, bearish confirmation

The trade on the European telecom ETF is in its 6th week with the first management window just reached, but the confirmation week closed bearish. Signal strength stands at 32 out of 100 — medium and fading — and the signal ranks 52nd out of 55 in the Europe-UK category. The picture calls for caution: we believe exiting the position is the option to consider first.