Skip to content

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

Levels to watch: FTSE 100, DAX and S&P 500

It was a bullish start to the year, and, for now, this looks set to continue.

Video poster image

FTSE 100 clocks up new record

A new record for the FTSE 100 straight out of the gate this morning continues the breakout seen at the end of last week.

A near straight-line move higher since mid-December is arguably a continuation of the ‘Santa rally’, with a move back below 7620 needed to create a new lower low. The next area to watch for a fresh breakout is 7732.

DAX aims to keep on rallying

DAX surmounted the mid-December high of 13,352, moving above 13,400 in the early part of the session this morning.

Since the rally began last week, we have seen little in the way of a real pullback, so it will be interesting to see how long the early Monday weakness lasts. Further gains will target the all-time high of 13,533 seen in early November.

S&P 500 shows no sign of slowing

After a very bullish start to the year, the S&P 500 is aiming at new all-time highs ahead of earnings season, which begins on Friday.

The areas that provide potential support are 2700, 2671 and then the post-August rising trendline at 2660. 

This information has been prepared by IG, a trading name of IG Australia Pty Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Find articles by writer