The Ibex (-0.57%) cuts its bullish streak and moves away from its annual highs

The values that have risen the most have been Amadeus (+ 2.21%), Viscofan (+ 0.99%), Repsol (+ 0.8%) and Iberdola (+ 0.77%), although the losses have been generalized. Ence (-4.96%) has continued its slump, followed by IAG (-3.63%) and CaixaBank (-2.94%). In addition, BBVA (-2.11%) and Santander (-1.33%), together with Telefónica (-1.01%), have experienced a bearish day.

On the other hand, this Wednesday we begin with the earnings season in Spain with the accounts of Enagás and also of Liberbank. On Thursday Bankinter or Iberdrola and on Friday it will be the turn of Sabadell. Next Monday, April 29, banks will continue to announce results, with Bankia and BBVA, while on Tuesday is Santander, CaixaBank and Unicaja's turn.

Outside of our country, Twitter accounts stand out, which shoots up after exceeding expectations of user growth by a wide margin.

There are other companies that have also been protagonists today. In Spain, in the Continuous we have highlighted the sharp drops of 7% in Tubos Reunidosante doubts about its viability.

In the United Kingdom, today the star has been the travel company Thomas Cook, which has risen 18% before the rumors of ipo. In the rest of European stock markets, the gains have been moderate, lower than 0.4%, except in the case of the British FTSE 100, which has rebounded by 0.8%.

ANALYSIS OF ELECTORAL DEBATE

Regarding the elections in Spain, today everything is occupied by the analysis of the electoral debate that took place last night on TVE. Tonight the same meeting will be repeated at Atresmedia. According to the media that analyzes it, the winner of the debate is one or the other.

What seems clear is that it will be the pacts that will decide the political future in Spain, and all candidates have this in mind. As for the Ibex, next Monday it will reflect what happens this Sunday at the polls and, predictably, as it has been doing historically, you will receive the result - whatever it may be - with falls. The worst scenario, according to all the experts, would be a result so fragmented that it would be necessary to repeat the elections, something that is not ruled out at all.

AND OIL PRICES JUMPED

Oil has been another of the protagonists of the last hours. This Monday it shot up 3% and at this time it continues advancing 0.5% (Brent: 74.44 dollars) because the US will tighten the sanctions on Iran. The rises in oil have encouraged the European oil companies, although they have harmed to the airlines. From the technical point of view, after overcoming the resistance of 72.70-73 dollars, the Brent reference has no resistance until the maximum of 2018, at 84.74 dollars.

In other markets, the euro falls in value 0.43% to $ 1.1208. And the yield on the 10-year Spanish bond has rebounded to 1.11%, while Spain's risk premium has risen slightly to 106 points.

TECHNICAL ANALYSIS OF THE IBEX 35

"The session on Tuesday has no implications whatsoever, although if we look at the chart with some more perspective, it turns out that since April began, the Ibex is moving on a fairly defined side, with support at 9,365 points and resistance at the 9,550 points in round numbers, "explains José María Rodríguez, an analyst at Bolsamanía.

"The trend continues to be bullish and no support has been boosted, the overbought levels are still extreme and that is why we reaffirm the message that it is too late to buy, but soon to sell ", adds this expert.

"Today, simply, we have not had the support of Inditex, which is taking a breather after rising 7% last week, and we do not rule out that, before restructuring to the upside, look for support in the support of the 27- € 27.10, the road of resistance of € 29.85, in general, everything remains clear, "concludes Rodríguez.