GER30 Down on Poor German GDP
German Gross Domestic Product contracted in Q4 on a quarterly basis, dragging the index lower today, in an difficult week for stock markets
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German Gross Domestic Product contracted in Q4 on a quarterly basis, dragging the index lower today, in an difficult week for stock markets
The daily chart shows the Dow Jones Industrials (US30) on the left, the SPX (SPX500) in the middle, and the Nasdaq (NAS100) on the right. All three indexes trade in their bear areas between the red and blue bands. Notably, their respective Bollinger Bands have expanded as the downside volatility increases. Of concern are their stochastic indicators. Each is positioned below 20 (green rectangle), which is indicative of underlying bearish…
The US Index pauses its five-days losing streak, as sentiment improves today and US Yields ease from recent highs
European stock markets are under pressure, following the negative lead form their Asia-Pacific and US counterparts, as aggressive monetary tightening expectations and new oil disruptions keep investors on their toes
US30 started the week on the back foot, but moves to profits following yesterday’s Powell testimony and today’s CPI inflation figures
Daily The daily charts below show the DJI (US30) on the left, the SPX (SPX500) in the middle, and the Nasdaq (NAS100) on the right. All three indexes dropped following the release of the Fed's December minutes last week. Of the three, the NAS100 shows relative weakness and is between the lower blue and red bands. The US30 and SPX500 are in the neutral areas between the blue bands, with…
The German index has been correcting lower over the last four days, but today it finds support, as sentiment shows improvement
Below are the daily charts of the Dow Jones Industrials (US30 on the left) and the Nasdaq (NAS100 on the right). The US30 maintains its position in the bullish area, between the upper blue and red bands (zone 1). Its stochastic is above 80 (aqua rectangle), suggesting a relatively stable upwards momentum. Conversely, the NAS100 has declined over the last two trading days and now finds itself in the bearish…
Featured Image by 3D Animation Production Company from Pixabay
The German Index started the first week of the year on the offensive and extended its highs today, but seems to face some headwinds
An amazing year for SPX500 draws to a close, with one more trading day remaining for Wall Street
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