Since the beginning of March, the Nasdaq Composite has been stabilising after having reached a bottom of a preceding bearish correction. The short-term bullish momentum is presently increasing, however, many unknowns remain. Chiefly, will the recuperating stocks manage to surpass the previous all-time high near 14200.00, or the short-term bullish momentum is nothing more than a temporary break in the [...]

German stocks have been rallying over the past couple of weeks, ever since the publication of the latest industrial numbers in Germany, which proved to be quite robust. The rally of the DAX was further supported by the recuperation of the euro over the last several days. Despite the persisting bullish bias as of late, however, the DAX index's uptrend, which currently finds itself near its all-time high, looks [...]

The German DAX index received a major boost last week from the country's overwhelmingly positive manufacturing and services numbers for the previous month. Germany continues to grapple with the coronavirus pandemic because of persisting problems with its vaccination plans; however, the biggest economy in the Eurozone benefits from a global pickup in economic activity. [...]

The tech sector in the U.S. retreats while the dollar advances. The contributing factors are many, but several key developments warrant closer inspection. Firstly, global demand is currently falling, which is evident in the energy market and in the price of crude oil. Secondly, investors' sentiment was shaken recently owing to the vaccine-rollout tribulations and the adamantly dovish stance of the FED on [...]

German stocks are struggling to continue driving the existing rally higher in the midst of the latest global developments. As a result of that, the DAX index is still unable to break out above the psychologically significant resistance at 14000.000, after several failed attempts. The future of the bullish market is jeopardised by shifting investors' sentiment. U.S. Treasury yields recently picked up from [...]

The Nasdaq Composite index has been threading around the psychologically significant resistance level at 14000.00, which represents an all-time record for the index, for a couple of days now, and traders are keen on seeing what happens next. More precisely, they would like to know whether the existing uptrend is strong enough to break out above the resistance, or the time has come for a new correction. [...]

Similar to what we argued concerning the Nasdaq index yesterday, the German DAX seems to be in the same position. German share prices have been rallying alongside the global stocks hike, and now the biggest index in Germany has even managed to reach above the peak that was reached just before the coronavirus crash of early 2020. [...]

At the close of last week's trading session, the Nasdaq composite broke out above the psychologically significant resistance level at 13000.00 and closed at an all-time peak (13105.20). The U.S. technological sector is evidently performing quite well just days before the beginning of the new earnings season. The appeal for tech stocks has risen over the recent weeks due to the historically low yields in [...]

The price action of the DAX is consolidating just below the pre-crash level at 13450.000 for the third time since the index started recovering in early-April. A potential bearish rebound from this level could entail the termination of the recent bullish rally. In contrast, another breakout would signify the continuation of the rally towards the all-time high near 13900.000. That is why the next step of the DAX [...]

German stocks benefited from the Pfizer and BioNTech news from the other day concerning the massive success of their developmental vaccine in early trials; namely, the success of the vaccine in preventing symptomatic infections in volunteers. The DAX index is currently about to test a crucially important resistance area that was last reached in the wake of the coronavirus turmoil. Even still, there are [...]