At times it makes no sense to analyse a market day by day or hour by hour.
You just need to wait.
The Market will show the further direction. The only thing you can have an eye on is if you see any set up. Right now this set up is positiv. Maybe it might change later or tomorrow. But for now it looks good for one more impressive move to the upside. And it´s not the only one. There are many more outside. Maybe they all might be wrong. But if not the next move will start to the upside.
Germany´s DAX is following the US-Markets closely. To get the further DAX´s dircection it is good to keep an eye on the US-Stockmarkets. I follow fundmentals and also watching closely any kind of pattern. To make sure that there is one more uptrend to follow i look for any correcitve pattern and if they occour or wiped out by a strong move to the downturn in this case.
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Quote: Investors favor stock funds over bonds, reversing 2016 trend
By Trevor Hunnicutt
NEW YORK (Reuters) - U.S.-based stock funds pulled in $11.8 billion in the week ended Dec. 28, data from Lipper showed on Thursday, ending 2016 with an enthusiasm for stocks that had been lacking for the better part of the year.
"We probably could see this trend continue through the end of the year and then into the inauguration," said David Mazza, head of ETF and mutual fund research at State Street Global Advisors. "Then, from there, it's what will those first 100 days look like."
The Sentiment about Chinas economy is negativ. One part of 2016´s bearmarket have been worries about china´s economy. For Traders is shorterm based any change in sentiment important even the fundamentals might not have changed.
Quote:
China's Huawei sees 32 percent jump in 2016 revenue
(Reuters) - China's Huawei Technologies Co Ltd [HWT.UL], one of the world's largest telecom equipment makers, said on Friday it expects to record a 32 percent jump in revenue for 2016, thanks to a strong performance across its business platforms.
Watch today the DAX to cross 11.500 and a new set up is born to push the DAX directely and rocket straight up to 12k
Trade geschlossen: Ziel wurde erreicht
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Order storniert
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I closed last friday most of my position by year and as scheduled before, but i keep 30% of DAX long. So lets follow this idea so see, how high the DAX might go now.
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Comment: Feb 10 2017: New All Time High for Germany´s Mid Cap DAX invst.ly/38-zf
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Comment: MAR 01 2017: The DAX: Impressive weekly candle wipping out this widely anticipated "sell signal" from last friday. Germany´s DAX is ready for a new ATH. invst.ly/3d7vp
@KanNiNa, ... and now it´s perfect. I closed last friday (scheduled before) most positions but i keep 30% of DAX long position like mentioned in an other post on December 30th.