Tag: DAX

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Bullish lead-in to the New Year

The S&P 500 broke resistance at 1810, signaling an advance to 1910*. Troughs high above zero on 13-week Twiggs Money Flow indicate strong buying pressure.

S&P 500

* Target calculation: 1810 + ( 1810 – 1710 ) = 1910

The FTSE 100 completed its correction with a break above the descending trendline. Troughs above zero on 13-week Twiggs Money Flow indicate buying pressure. Breakout above 6800 would offer a target of 7200*, but expect strong resistance at the 1999 high of 6950/7000.

FTSE 100

* Target calculation: 6800 + ( 6800 – 6400 ) = 7200

The Dow Jones Euro Stoxx 50 broke resistance at 3100, signaling an advance to 3350*. Troughs above zero on 13-week Twiggs Momentum indicate a healthy up-trend. Retracement to test the new support level is likely; respect would strengthen the bull signal.

Dow Jones Euro Stoxx 50

* Target calculation: 3100 + ( 3100 – 2850 ) = 3350

Germany’s DAX similarly broke resistance at 9400, offering a target of 10200*. Troughs high above zero on 13-week Twiggs Money Flow indicate strong buying pressure.

DAX

* Target calculation: 9400 + ( 9400 – 8600 ) = 10200

India’s SENSEX is testing resistance at 21200 after a correction that respected support at 20200. Breakout would signal an advance to 22200*. A 13-week Twiggs Money Flow trough above zero would indicate buying pressure and a healthy up-trend.

BSE Sensex

* Target calculation: 21200 + ( 21200 – 20200 ) = 22200

Japan’s Nikkei 225 broke resistance at 16000, supported by a strong rise in the Dollar/Yen exchange rate. Breakout signals a primary advance with a long-term target of 19000*. Completion of a 13-week Twiggs Money Flow trough above zero suggests buying pressure and a healthy up-trend.

Nikkei 225

* Target calculation: 16000 + ( 16000- 13000 ) = 19000

A single cloud on the horizon, the Shanghai Composite Index is testing primary support at 2080. Failure of support would signal a primary down-trend with an immediate target of 1900*. Bearish divergence on 21-day Twiggs Money Flow indicates medium-term selling pressure, but recovery above zero would suggest support.

Shanghai Composite

* Target calculation: 2080 – ( 2260 – 2080 ) = 1900

The ASX 200 is lagging other markets because of negative influence from China. Bearish divergence on 13-week Twiggs Money Flow indicates selling pressure. Respect of resistance at 5450 would be cause for concern if followed by reversal below 5300. Breakout above 5450 and completion of a trough above zero on 13-week Twiggs Money Flow, however, would signal another primary advance, with a target of 5900*.

ASX 200

* Target calculation: 5450 + ( 5450 – 5000 ) = 5900

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Euro and DAX lead recovery

European recovery is highlighted by performance of the euro. Breakout above $1.38 would confirm a primary up-trend, with an immediate target of $1.43*. 13-Week Twiggs Momentum troughs above zero indicate a healthy primary up-trend. Reversal below $1.37 is now unlikely, but would warn of another test of primary support at $1.33.

Euro

* Target calculation: 1.38 + ( 1.38 – 1.33 ) = 1.43

Germany’s DAX found support at 9000. Breakout above 9400 would signal an advance to 9800*. Reversal below 9000 is as likely, however, and would test medium-term support at 8500. Short retracements suggest strong buying pressure — also indicated by 13-week Twiggs Money Flow oscillating high above zero.

DAX

* Target calculation: 9400 + ( 9400 – 9000 ) = 9800

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European stocks retreat

Dow Jones Euro Stoxx 50 retreated below the first line of support at 3000, warning of a correction to the rising trendline. 13-Week Twiggs Momentum above zero continues to suggest a primary up-trend. A trough above zero would strengthen the signal. Recovery above 3100 is now unlikely, but would signal an advance to 3500*.

Euro Stoxx 50

* Target calculation: 3000 + ( 3000 – 2500 ) = 3500

Germany’s DAX continues a primary advance with a long-term target of 10000*. Rising 13-week Twiggs Money Flow indicates strong buying pressure. Reversal below 9000, however, would warn of a correction.

DAX

* Target calculation: 7500 + ( 7500 – 5000 ) = 10000

France’s CAC-40 also displays long-term buying pressure, with rising 13-week Twiggs Money Flow, but retreat below the new support level at 4200 warns of a correction. Recovery above 4200 is now unlikely, but would indicate an advance to 4400*.

CAC-40

* Target calculation: 4000 + ( 4000 – 3600 ) = 4400

Bearish divergence on the FTSE 100, 13-week Twiggs Money Flow, indicates selling pressure and breach of support at 6600 signals a correction. Follow-through below the lower border of the flag formation (6500) would confirm. Failure of primary support at 6400 and breach of the rising trendline would warn of reversal to a primary down-trend.

FTSE 100

* Target calculation: 6700 + ( 6700 – 6400 ) = 7000

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DAX leads the way

The FTSE 100 continues to test support at 6600. Upward breakout from the recent flag formation would signal an advance to the December 1999 high of 6950/7000*. Falling 13-week Twiggs Money Flow suggests medium-term selling pressure, but a trough above zero would be a long-term bull signal. Breach of 6600 would warn of a correction to primary support and the rising trendline at 6400.

FTSE 100

* Target calculation: 6700 + ( 6700 – 6400 ) = 7000

Dow Jones Euro Stoxx 50 continues its test of resistance at 3100 on the monthly chart. Rising 13-week Twiggs Momentum suggests a primary up-trend. Breakout above 3100 would signal an advance to 3500*. Reversal below 3000 is unlikely, but would indicate a correction to the rising trendline.

Euro Stoxx 50

* Target calculation: 3000 + ( 3000 – 2500 ) = 3500

Germany’s DAX leads the way with a strong advance to 9500*. Steeply rising 13-week Twiggs Money Flow signals strong buying pressure. Respect of the target at 9500 would suggest a correction to the rising trendline and support at 8500.

DAX

* Target calculation: 8500 + ( 8500 – 7500 ) = 9500

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FTSE flags further gains

Upward breakout from the recent flag formation on the FTSE 100 would signal an advance to the December 1999 high of 6950/7000*. Rising 13-week Twiggs Money Flow suggests medium-term buying pressure, but the specter of a long-term bearish divergence remains. Expect strong resistance at 7000. Reversal below 6600 is unlikely, but would warn of a correction to primary support and the rising trendline at 6400.

FTSE 100

* Target calculation: 6700 + ( 6700 – 6400 ) = 7000

Narrow consolidation on Dow Jones Euro Stoxx 50 above support at 3000 is also a bullish sign. Rising 13-week Twiggs Momentum suggests a primary up-trend. Breakout above 3100 would confirm an advance to 3500*. Reversal below 3000 is unlikely, but would warn of a correction to the rising trendline.

Euro Stoxx 50

* Target calculation: 3000 + ( 3000 – 2500 ) = 3500

Germany’s DAX is heading towards its target of 9500*, with steeply rising 13-week Twiggs Money Flow signaling strong medium-term buying pressure. Breach of the latest trendline is not likely, would indicate a correction to support at 8500.

DAX

* Target calculation: 8500 + ( 8500 – 7500 ) = 9500

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DAX leads European advance

Germany’s DAX broke through resistance at 9000, sharply rising 13-week Twiggs Money Flow signaling strong medium-term buying pressure. Target for the current advance is 9500*. Reversal below 9000 is unlikely, but would warn of a correction to the primary trendline between 8000 and 8500.

DAX

* Target calculation: 8500 + ( 8500 – 7500 ) = 9500

Dow Jones Euro Stoxx 50 is testing support at its 2009/2011 high of 3000. Rising 13-week Twiggs Momentum suggests a primary up-trend. Respect of support at 3000 is likely and follow-through above 3100 would confirm an advance to 3500*.

Euro Stoxx 50

* Target calculation: 3000 + ( 3000 – 2500 ) = 3500

Spain’s Madrid General Index found medium-term resistance at 1000. A correction to test support at 900 is likely, with 13-week Twiggs Money Flow falling sharply. Respect of 900 would suggest a healthy primary up-trend. Reversal below 900 is unlikely, but would indicate the primary trend is weakening.

Madrid General Index

* Target calculation: 900 + ( 900 – 750 ) = 1050

The FTSE 100 is retracing to test support at 6600. Long tails indicate short-term buying pressure. Follow-through above 6800 would indicate an advance to the December 1999 high of 6950/7000*. Rising 13-week Twiggs Money Flow suggests medium-term buying pressure, but the specter of a long-term bearish divergence remains. Expect strong resistance at 7000. Reversal below 6600 is unlikely, but would warn of a correction to primary support at 6400.

FTSE 100

* Target calculation: 6700 + ( 6700 – 6400 ) = 7000

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Europe tests key resistance levels

The monthly chart of the FTSE 100 is testing resistance at the 2007 high of 6750. Rising 13-week Twiggs Money Flow signals buying pressure. Breakout above 6750 would test the 1999/2000 high at 7000*. Respect of resistance (reversal below 6650) is unlikely, but would warn of a correction to primary support.

FTSE 100

* Target calculation: 6700 + ( 6700 – 6400 ) = 7000

Germany’s DAX found short-term resistance at 9000, but rising 13-week Twiggs Money Flow again signals buying pressure. Target for the current advance is 9300*. Reversal below 8500 is most unlikely, but would warn of a correction to the primary trendline around 8000.

DAX

* Target calculation: 8500 + ( 8500 – 7700 ) = 9300

Dax Volatility remains low, indicating bullish sentiment.

DAX

Dow Jones Euro Stoxx 50 is retracing to test support at its 2009/2011 high of 3050. Rising 13-week Twiggs Momentum continues to suggest a healthy up-trend. Respect of support at 3000 would signal another advance — a bullish sign for the European economy.

Euro Stoxx 50

* Target calculation: 2850 + ( 2850 – 2500 ) = 3200

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Footsie breakout while Europe hesitates

The FTSE 100 broke resistance at 6700, indicating an advance to 7000*. Rising 13-week Twiggs Money Flow signals buying pressure. Reversal below 6600 is unlikely, but would test primary support at 6400.

FTSE 100

* Target calculation: 6700 + ( 6700 – 6400 ) = 7000

Dow Jones Euro Stoxx 50 hesitated with a doji star above long-term resistance at 3000. Expect a test of the new support level, but rising 13-week Twiggs Momentum continues to suggest a healthy up-trend. Penetration of the secondary trendline would warn of a correction to the primary trendline — around 2750.

Euro Stoxx 50

* Target calculation: 3000 + ( 3000 – 2500 ) = 3500

Spain’s Madrid General Index warns of a correction, with an evening star accompanied by strong volume. The sharp fall on 13-week Twiggs Money Flow indicates short-term selling pressure. Respect of the rising trendline would confirm the primary up-trend, offering a target of 1050*. Reversal below 900 is unlikely, but would indicate the up-trend is weakening.

Madrid General Index

* Target calculation: 900 + ( 900 – 750 ) = 1050

Germany’s DAX, however, is a lot more bullish. Respect of the new support level at 8500 offers a medium-term target of 9300*. Reversal below 8500 is now unlikely, but would warn of a correction to the primary trendline at 8000.

DAX

* Target calculation: 8500 + ( 8500 – 7700 ) = 9300

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FTSE breaks primary support

The FTSE 100 broke support at 6400, signaling a primary down-trend. Penetration of the rising trendline would strengthen the signal. Expect a test of the June low at 6000. Bearish divergence on 13-week Twiggs Money Flow highlights strong selling pressure; crossover to below zero would further strengthen the signal. Recovery above 6400 is unlikely, but would warn of a bear trap.

FTSE 100

Germany’s DAX is a lot more bullish, testing the new support level at 8500. Respect would offer a medium-term target of 9300*. Reversal below 8000 is unlikely, but would warn of another test of primary support at 7500/7600.

DAX

* Target calculation: 8500 + ( 8500 – 7700 ) = 9300

France’s CAC-40 is similarly testing new support at 4100. Recovery above its 2011 high of 4200 would offer a target of 4400*. Reversal below 3900 is unlikely but would warn of a test of primary support at 3600.

CAC-40

* Target calculation: 4000 + ( 4000 – 3600 ) = 4400

Spain’s Madrid General Index is even stronger, with no hint of retracement while 13-week Twiggs Money Flow indicates medium-term buying pressure. Retracement that respects support at 900 would confirm an advance to 1050*. Reversal below 900 is unlikely, but would warn of a correction.

Madrid General Index

* Target calculation: 900 + ( 900 – 750 ) = 1050

Italy’s MIB Index broke through resistance at 17500/18000, signaling a primary advance to 20000*. Successive troughs above zero on 13-week Twiggs Money Flow suggest a strong primary up-trend. Reversal below 17500 and the rising trendline is unlikely, but would warn of a bull trap.

MIB Index

* Target calculation: 17500 + ( 17500 – 15000 ) = 20000

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European markets retrace, but FTSE bearish

European markets are consolidating after recent gains with the exception of Italy, which is suffering from political instability, while the FTSE 100 displays persistent selling pressure.

The FTSE 100 is heading for a test of primary support at 6400, having broken medium-term support at 6500. Declining 21-day Twiggs Money Flow after a lengthy period below zero indicates medium-term selling pressure; bearish divergence on the 13-week indicator also warns of strong selling pressure. Failure of support at 6400 would signal a primary down-trend; respect is unlikely, but would suggest another test of 6700.

FTSE 100

Germany’s DAX retraced to the new support level at 8500. Respect would offer a medium-term target of 9000* and a long-term target of 9400*. Reversal below 8000 is unlikely, but would warn of another test of primary support at 7600.

DAX

* Target calculation: 8500 + ( 8500 – 8000 ) = 9000 ; 8500 + ( 8500 – 7600 ) = 9400

France’s CAC-40 is similarly testing support at 4100. Recovery above its 2011 high of 4200 would offer an immediate target of 4300* and a long-term target of 4500*. Reversal below 3900 is unlikely but would warn of a test of primary support at 3600.

CAC-40

* Target calculation: 4100 + ( 4100 – 3900 ) = 4300 ; 4050 + ( 4050 – 3600 ) = 4500

Spain’s Madrid General Index displays healthy buying pressure on 13-week Twiggs Money Flow. Retracement that respects support at 900 would confirm a long-term advance to 1050*. Reversal below 900 is unlikely, but would warn of a correction.

Madrid General Index

* Target calculation: 900 + ( 900 – 750 ) = 1050

Italy’s MIB Index is weaker, following a rift between Prime Minister Enrico Letta and his coalition partner, Silvio Berlusconi. Follow-through below the rising trendline would test support at 16500. Recovery above 18000, on the other hand, would signal a primary advance with a long-term target of 20000*.

MIB Index

* Target calculation: 17500 + ( 17500 – 15000 ) = 20000

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