Tags » UK & Europe

Europe on the mend

Bellwether European transport stock Deutsche Post (DHL is a subsidiary) is in a primary up-trend, indicating rising economic activity.

Dow Jones Euro Stoxx 50, representing 50 mega-stocks in the Eurozone, broke through 3100 after a lengthy consolidation (or “line” as Dow would have called it). 60 more words

Stock Markets

Footsie resurgence

The Footsie (FTSE 100) respected support at 6700 and a strong weekly candlestick suggests another test of the all-time high at 7100. A Twiggs Money Flow trough above zero would confirm long-term buying pressure. 12 more words

Stock Markets

The DAX is back

Germany’s DAX broke out of its narrow line (or consolidation) between 10200 and 10800, signaling a primary advance with a target of 11500* and confirming a bull market.

* Target calculation: 10500 + ( 10500 – 9500 ) = 11500

Stock Markets

DAX retreats

Germany’s DAX is retracing to test support at 10200. The DAX has formed a narrow line (or consolidation) between 10200 and 10800 over the last quarter. 37 more words

Stock Markets

Footsie selling pressure

The Footsie (FTSE 100) is again testing support at 6700. Declining Twiggs Money Flow warns of selling pressure. Breach of 6700 is likely and would warn of a correction to 6500.

Stock Markets

Brexit negotiators identify UK’s trump cards

From Alex Barker:

Some British ministers reckon that Europe will eventually realise there are negative consequences for all sides from a hard, sharp Brexit. One is the competitive threat posed by a UK unbound.

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UK & Europe

DAX in line

Germany’s DAX formed a narrow line (or consolidation) between 10200 and 10800 over the last quarter, in line with its earlier April/May highs. Declining Twiggs Money Flow is typical during a consolidation and does not have much significance unless it crosses below zero. 23 more words

Stock Markets