Tag: Dow Jones Euro Stoxx 50

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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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European stocks advance

The FTSE 100 is testing its new support level at 6700. Follow-through above 6800 would indicate respect — and an advance to the December 1999 high of 6950/7000*. Rising 13-week Twiggs Money Flow suggests buying pressure. Reversal below 6600 is unlikely, but would warn of a correction to primary support at 6400.

FTSE 100

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

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

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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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Europe on the rise

Dow Jones Euro Stoxx 50 — representing 50 leading stocks in the Eurozone — is advancing strongly, with a 13-week Twiggs Momentum trough above zero suggesting a healthy up-trend. Breakout above 2800 offers a target of 3200*. Reversal below 2850 is unlikely, but would warn of a correction to the long-term rising trendline.

Euro Stoxx 50

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

The FTSE 100 threatened a primary down-trend after breaching primary support at 6400, but this proved a false break and recovery above 6400 now suggests a rally to 6650/6700. Rising 13-week Twiggs Money Flow indicates medium-term buying pressure. Breakout above 6700 would indicate an advance to 7000*, but reversal below support at 6400, while less likely, would warn of a correction to 6000.

FTSE 100

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

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Euro Stoxx 50

Dow Jones Euro Stoxx 50 index hesitated in its rally to resistance at 2500 on the weekly chart, but the trend remains upward. Breakout above 2500 would signal a primary advance to 2900* — and end of the bear market. 63-Day Twiggs Momentum is also rising, but recovery above zero appears some way off.

DJ Euro Stoxx 50 Index

* Target calculation: 2500 + ( 2500 – 2100 ) = 2900

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