Tag: Dow Jones Euro Stoxx 50

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Footsie breakout, DAX to follow?

The Footsie broke resistance at 6850, signaling an advance to 7200*. Completion of another 13-week Twiggs Money Flow trough above zero indicates strong buying pressure. Reversal below 6700 is unlikely, but would signal a bull trap (and test of 6400/6500).

FTSE 100

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

The DAX is testing resistance at 9800. Breakout would offer a target of 10600*. Recovery of 13-week Twiggs Money Flow above 30% would suggest that the bearish divergence is over. Respect of resistance is less likely, but would warn of another test of primary support at 9000.

DAX

* Target calculation: 9800 + ( 9800 – 9000 ) = 10600

Dow Jones Euro Stoxx 50 overcame long-term resistance at 3050/3100 and follow-through above 3240 would confirm a target of 3400*. Recovery above 3180 would signal another advance, but bearish divergence on 13-week Twiggs Momentum suggests weakness. Failure of 3100 would warn of a correction to test 2900/3000.

Dow Jones Euro Stoxx 50

* Target calculation: 3200 + ( 3200 – 3000 ) = 3400

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Robust European Recovery

Dow Jones Euro Stoxx 50 respected support at 3100 and follow-through above 3180 would indicate an advance to 3350*. 13-Week Twiggs Money Flow oscillating above zero indicates a healthy up-trend. Reversal below 3100 is unlikely, but would warn of a correction to the primary trendline.

Dow Jones Euro Stoxx 50

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

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Europe hesitant

The Euro is retracing to test support at $1.37 on the monthly chart. Bearish divergence on 13-week Twiggs Momentum continues to warn of medium-term weakness, and penetration of the rising trendline/support at $1.35 would warn of a bull trap. Follow-through above $1.40 is unlikely at present, but would signal an advance to $1.46*.

Euro

* Target calculation: 1.37 + ( 1.37 – 1.28 ) = 1.46

Dow Jones Euro Stoxx 50 found support at 3100. Recovery above 3180 would signal another advance, but bearish divergence on 13-week Twiggs Momentum suggests weakness. Failure of 3100 would warn of a correction to test 2900/3000.

Dow Jones Euro Stoxx 50

The DAX found support at 9200 and recovery above 9400 would suggest another test of 9800. Breakout above 9800 is unlikely, but would offer a target of 10600*. Bearish divergence on 13-week Twiggs Money Flow continues to indicate medium-term selling pressure, until the descending trendline is broken. Further consolidation between 9000 and 9800 is the most likely outcome. Breach of primary support at 9000 is unlikely, but would signal reversal to a primary down-trend.

DAX

DAX Volatility is rising, but continues to indicate low risk typical of a bull market.

DAX

The Footsie similarly found support at 6500. Recovery above 6750 would signal another attempt at 6850. 13-Week Twiggs Money Flow oscillating above zero continues to indicate healthy (long-term) buying pressure. Reversal below 6400 (and the rising trendline) is unlikely, but would signal a primary reversal. Breakout above 6850 is also unlikely at this stage, so again further consolidation is the most likely outcome.

FTSE 100

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Europe rebounds

Dow Jones Euro Stoxx 50 broke through resistance at 3180, signaling an advance to 3350*. Completion of a 13-week Twiggs Momentum trough above zero would confirm strong buying pressure. Reversal below 3150 is unlikely, but would warn of a bull trap.

Dow Jones Euro Stoxx 50

* Target calculation: 3150 + ( 3150 – 2950 ) = 3350

DAX breakout above 9800 would signal an advance to 10600* — though there is bound to be some resistance at 10000. Recovery of 13-week Twiggs Money Flow above the descending trendline would suggest that medium-term selling pressure is easing. Reversal below 9400 is unlikely, but would indicate another test of primary support at 9000.

DAX

DAX Volatility at 15 indicates low risk typical of a bull market.

DAX

The Footsie is testing medium-term resistance at 6700. 13-Week Twiggs Money Flow oscillating above zero indicates healthy (long-term) buying pressure. Reversal below the rising trendline is unlikely, but would test primary support at 6400. Breakout above 6850 is not yet likely, but would offer a target of 7200*.

FTSE 100

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

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Europe under pressure

Bearish (Twiggs Momentum) divergence on Dow Jones Euro Stoxx 50 suggests that a top is forming. Breach of support at 2950 or reversal of 13-week Twiggs Momentum below zero would signal a primary down-trend. Recovery above 3100, however, would suggest another advance and follow-through above 3180 would confirm.

Dow Jones Euro Stoxx 50

* Target calculation: 3150 + ( 3150 – 2950 ) = 3350

Germany’s DAX respected primary support at 9000, but may be headed for a second test. Bearish divergence on 13-week Twiggs Money Flow continues to warn of medium-term selling pressure. Breach of support would signal a primary down-trend.

DAX

A DAX Volatility rise above 20 would signal moderate risk.

DAX

The Footsie is at short-term support at 6500. Failure is likely, and would test the primary level at 6400. Declining 21-day Twiggs Money Flow below zero indicates medium-term selling pressure.

FTSE 100

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

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Europe: Shaken but not stirred

The Euro has held up well despite rising tensions with Russia over the Ukraine. Reversal below $1.365 would warn of a test of primary support at $1.35. Bearish divergence on 13-week Twiggs Momentum suggests another correction. Breakout above $1.38 is less likely at present, but would signal an advance to $1.43*.

Euro

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

Dow Jones Euro Stoxx 50 retreated below 3100 and is likely to test primary support at 2920/2950. Breach of primary support would signal reversal to a down-trend.

Dow Jones Euro Stoxx 50

* Target calculation: 3150 + ( 3150 – 2950 ) = 3350

Germany’s DAX is stronger, with rising 13-week Twiggs Money Flow suggesting another attempt at 10,000. But retreat below 9500 would test primary support at 9000.

DAX

DAX Volatility spiked above 20, but still reflects moderate risk.

DAX

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European recovery

Both the Euro and Dow Jones Euro Stoxx 50 Index are bullish.

Euro recovery above $1.37, the high of February 2013, suggests another advance. Breakout above $1.38 would confirm. Breach of the (secondary) rising trendline and declining Twiggs Momentum, however, warn of a weak trend. Reversal below $1.35 would test primary support at $1.33.

Euro

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

Dow Jones Euro Stoxx 50 is stronger, recovering above 3100 to indicate an advance to 3350*. Follow-through above 3180 would confirm. 13-Week Twiggs Momentum oscillating above zero reflects a healthy up-trend. Breach of the secondary trendline is unlikely, but would warn of another test of primary support at 2920.

Dow Jones Euro Stoxx 50

* Target calculation: 3150 + ( 3150 – 2950 ) = 3350

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European markets bullish despite weak euro

The Euro penetrated its rising trendline, warning of a correction. Breach of primary support at $1.33 is unlikely, but would signal a reversal.

Euro

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

Dow Jones Euro Stoxx 50 appears undeterred, following through above resistance at 3100 to signal an advance to 3350*. 13-week Twiggs Momentum oscillating above zero suggests a healthy up-trend. Breach of the secondary trendline is unlikely, but would warn of a correction.

Dow Jones Euro Stoxx 50

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

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Europe rising

European recovery is highlighted by performance of the euro. Recovery above $1.37 would be bullish, while breakout above $1.38 would confirm a primary advance, with an immediate target of $1.43*. Reversal below $1.355 is unlikely, but would warn of another test of primary support at $1.33.

Euro

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

Dow Jones Euro Stoxx 50 continues to test new-found support at 3100. 13-week Twiggs Momentum holding above zero suggests a healthy up-trend. Follow-through above 3100 would confirm an advance to 3350*. Breach of the rising (secondary) trendline is unlikely, but would warn of a test of the primary trendline and support at 2850.

Dow Jones Euro Stoxx 50

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

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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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