Pretiorates' Thoughts No. 16 - European Indices

Published on April 8th, 2024

In our analyses, we regularly examine current movements, identify possible influencing factors and assess the general market situation. However, these are not recommendations, but merely opinions and food for thought.

Hello dear readers!

The Stoxx 50 Index shows hardly any more accumulation. The tendency (orange line) is therefore starting to fall...

The broader Stoxx 600 also shows a similar picture: the bulls are tired and a consolidation is probably imminent…

Not surprisingly, the German DAX index is still the best performer. Nevertheless, here too the bears are likely to take over the sceptre soon...

The weakest index and the top European indices: It is unlikely that the British FTSE index will become one of the stars on the European continent...

The French CAC40 index has been showing a clear distribution for almost a month now. The level has probably only been defended relatively well thanks to the positive markets elsewhere in Europe...

The after open action of the French CAC40 has also fallen into negative territory...

The same picture in the Swiss SMI index: distribution among smart investors...

And the big investors are net sellers again in the SMI index...

Accumulation has recently been relatively strong in the Spanish IBEX Index...

The same in the italian stock market. However, the after-open action suggests that the bears are likely to take control over the next few weeks...

That’s it for today!

Remember, we are not making any recommendations for investments, we are just giving you ideas for your own analysis and decisions! Do your own due dilligence!

We wish you successful investments!

Pretiorates

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