Indices

The German index pauses its eight-week profitable streak, showing little reaction to the softer preliminary inflation figures from Eurozone and Germany

The daily NAS100 has slipped from its bullish area, between the upper blue and red bands, to neutral, between the blue bands (green rectangle). On a relative basis, this suggests weakness. The hourly chart shows that the trend-following EMAs and the momentum-based stochastic have turned negative (black ellipses). If the EMAs develop angle and separation to the downside and the stochastic makes its way to the 20- levels, a bearish…

The US index slumped yesterday, due to broader risk-off mood and hawkish Fed commentary, but finds support today as sentiment improves

Helped by recent encouraging data and potentially slower pace of hikes by the ECB and the Fed, the German Index heads towards its eighth profitable week

The tech-heavy index appears steady as markets brace for today’s Fed minutes and a slew of economic releases ahead of the Thanksgiving holiday

The broad US index is on the back foot at the start of a holiday-shortened week due to Thanksgiving, which also includes the Black Friday shopping event

The German Index loses steam after its six-week rally and consolidates its gains, as today’s Eurozone inflation report does not help it find direction

The US index lacks firm direction today as recent geopolitical fears ease and markets assess strong retail sales from the US and a poor quarterly report from retail giant Target

The German index is in its sixth consecutive profitable week, in a strong rebound from October’s two-year lows, but loses steam over the last couple of days

After last week’s Fed-fueled decline, the tech heavy index started the current one strong, with markets now awaiting today’s mid-term elections and Thursday’s CPI inflation update

Tech earnings have disappointed over the Q3 earnings seasons, and with the prospect of higher rates, the present value of the NAS100 will likely come under further pressure. As a result, the NAS100 has fallen back into its bearish area between the lower blue and red bands. The longer it stays in this channel, the greater the probability of lower index prices ahead.