• 367 days Will The ECB Continue To Hike Rates?
  • 367 days Forbes: Aramco Remains Largest Company In The Middle East
  • 369 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 769 days Could Crypto Overtake Traditional Investment?
  • 773 days Americans Still Quitting Jobs At Record Pace
  • 775 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 778 days Is The Dollar Too Strong?
  • 779 days Big Tech Disappoints Investors on Earnings Calls
  • 780 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 781 days China Is Quietly Trying To Distance Itself From Russia
  • 782 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 786 days Crypto Investors Won Big In 2021
  • 786 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 787 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 789 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 789 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 793 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 793 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 794 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 796 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

German DAX

Germany's DAX index is the equivalent to America's Dow Jones industrial index. Both indices are composed of 30 blue-chip issues. As of Friday, the DAX has scored a six-week winning streak ending the week above 9,000 for the first time in its 25-year history.

Upside in the immediate future for the DAX looks limited. It's quite possible that the intra-day high on 11/7/13 at 9,197.50 was the top of the advance from the October low. The daily Coppock Curve oscillator is negatively diverging and the distance between the index and its 200-dma is very close to the level at which highs are usually seen in the index.

Longer term, however, the picture looks brighter. The chart below shows the relative performance between the DAX and the broad EuroStoxx50 index. It shows us that the DAX may have broken its three month period of underperformance. A similar picture emerges when comparing the DAX to the MSCI World index. I look for a buying opportunity after a correction in the immediate future.

Ratio DAX Eurostoxx50
Larger Image

 


Request your free copy of the November Gold Report at SeattleTA.

 

Back to homepage

Leave a comment

Leave a comment