The DAX Futures is trading at 12,028.00 with a loss of -0.12% percent or -14.60 point.The FTSE 100 Futures is trading at 7,382.50 with a loss of -0.15% percent or -11.20 point. The CAC 40 Futures is trading at 5,442.50 up with +0.13% percent or +7.00 point. The EURO Stoxx 50 Futures trading at 3,378.00 with a loss of -0.06% percent or -2.00 point.
TODAY’S FACTORS AND EVENTS
As global indices deepen their ascent into the green for the year, the path of least resistance appears increasingly to be for higher upside. Volatility is low, the U.S. economy is appropriately neither too hot, nor too cool and the Federal Reserveappears to be more preoccupied with dealing with Trump’s non-banking appointees than about raising or cutting interest rates.
One case in point is the DAX index. After having completed a spectacular head-&-shoulder formation (predicted back in October for our subscribers and again inNovember in 5:40 mins of this video), the index is set to retest 12200 as a minimal upside target. But what comes next? 12500, or even 12700 are equally plausible.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 26,412.30 up with +1.03% percent or +269.25 point. The S&P 500 is trading at 2,907.41 up with +0.66% percent or +19.09 point. The Nasdaq Composite is trading at 7,984.16 up with +0.46% percent or +36.80 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,169.11 up with +1.37% percent or +298.55 point. Hong Kong’s Hang Seng is trading at 29,916.30 up with +0.022% percent or +6.54 point. China’s Shanghai Composite is trading at 3,177.79 with a loss of -0.34% percent or -10.84 point. India’s BSE Sensex is trading at 38,882.32 up with +0.30% percent or +115.21 point at 12:15 PM.