Dax Outlook Week 24
The Dax dropped below 6’000 marking a low of 5’969 at the beginning of last week before advancing to 6’230. It wasn’t able to hold up there and eased back to 6’130 for the weeks close. The VDax retreated to …
Category: Market Comments
Dax Outlook Week 23
The Dax was further losing ground during last week. It fell from a high of 6’426 on Monday to 6’050 on Friday. Further discussions of a Greek Eurozone Exit in combination with disappointing economic data brought the shares down. The …
Dax Outlook Week 22
The Dax rose nearly to 6’400 last week but wasn’t able to hold the gains and closed the week around 6’340. Discussions about a possible Greek exit of the monetary union were bringing hsares down. The VDax dropped slightly to …
Dax Outlook Week 21
The Dax continued to fall throughout last week marking lower highs every day. It closed the week at 6’271 points. The VDax rose tp 27.65, the MACD continued bearish and the RSI shows an oversold situation. For the coming week, …
Dax Outlook Week 20
Last weeks prognosis proved wrong. The Dax went straight down and marked a low of 6’375 on Wednesday but then closed at 6’579. Market participants are still feeling insecure about the current situation in Europe. The low on the 9th …
Dax Outlook Week 19
Despite the bank holiday on 1st of May, the Dax moved more than 300 points last week undershooting my prognosis(turquoise). It went through the 6’600 and hit the top of the previous downtrend at 6’546 before recovering slightly. Most likely …
Dax Outlook Week 18
After a test close to 6’480 the Dax turned and recovered every day from Tuesday to Friday and closed last week at 6’801. Good news during the week and especially good U.S. consumer spending were the drivers of the recovery. …
Dax Outlook Week 17
The Dax made a recovery last week but a lot more than I expected in my forecast (pink) and then instead of falling to lower levels, the index remained sideways closing the week at 6’750 points. The VDAX fell to …
Dax Outlook Week 16
European sovereign debt fears and disappointing U.S. data led to falling share prices last week. The Dax recovered mid of last week but then reached a low of 6552 on Friday. It has gone through most of the moving averages …
Dax Outlook Week 15
The Dax fell much more than expected last week on the back of the ongoing Euro debt crisis. It broke the supports at 6950 and 6850 easily and closed the week a lot lower than my preferred scenario in red. …