Alfonso De Pablos highlights the day’s most important market-moving chart.
European Financials Don’t Lie
By Alfonso De Pablos, CMT
November 12, 2025
Whether you’re bullish or bearish, one thing is clear: if the world were truly falling apart, Financials would be front and center, leading the way down to zero.
That’s why I always keep a close eye on them. They’re like the market’s built-in lie detector.
This is especially true when you consider the European counterparts.
Just think about it.
They’re about as far from a safe haven as it gets. When markets are truly under pressure, these stocks are usually dragged down along with everything else.
But that’s not what’s happening right now.
In fact, the European Financials ETF $EUFN is resolving higher from a tight continuation pattern to new all-time highs.
That’s a sign of strength, not weakness.
If this breakout holds, it's a clear signal that risk appetite is alive and well.
Just ask yourself — if European Financials are breaking out, what does that say about the current environment? Are stocks under stress, or are stocks likely heading higher?
I’d bet on the latter.
Let me know what you think of this post — I’d love to hear your thoughts!
By the way, I encourage you all to check out Steve’s most recent live event, where he walked us through his Breakout Multiplier step-by-step process and shared a free trade idea.
