There has been no change in the dominant trend, with (NYSE:GREK) worsening further against Europe (NYSE:IEV). Underperformance since December 2014 is deepening, and with the trend becoming almost vertical, there is likely to be little change in the coming weeks. To change sentiment, there would need to be a significant change in fortune, but whilst the RSI tracks lower, and sentiment remains unchanged, expectations are for further Greek underperformance in the coming weeks.
Week-week Investors can maintain an Underweight stance to Greece.