Month: January 2013

Dax Outlook Week 05

In week 04 the Dax stayed well above the 7’600 level with a low of 7’634. This lead to a breakout of the consolidation range which it had entered since the start of 2013. The MACD is still still slightly

Posted in Market Comments Tagged with: ,

Dax Outlook Week 04

After a short dip at the start of week 03 the Dax managed to finish the week just above 7’700 points. The MACD is still negative, the RSI retreated further from the oversold range and the VDAX hovers around 13.40.

Posted in Market Comments Tagged with: ,

Dax Outlook Week 03

In week 2 the Dax consolidated which seemed long due. It did not manage to make new highs and formed mostly red candles. The MACD turned negative, the RSI retreted slightly from the oversold range and the VDAX hovers around

Posted in Market Comments Tagged with: ,

Dax Outlook Week 02

After the ralley at the end of last year, I see a high probability for a correction this week despite the still unbroken upward trend. But since this is the 1st report of 2013 it is probably better to keep

Posted in Market Comments Tagged with: ,