FTSE 100, DAX and S&P 500 still on the up
It has been a good month so far for indices, which have continued to add to their gains.
More gains for the FTSE 100
The FTSE 100 continues to climb, with the week having seen the index add around 230 points and push through the peak from last Friday at 6240.
A new higher high confirms the uptrend, and while momentum may continue to carry the price higher but pullbacks in the direction of 6150 will create higher lows in the current uptrend.
DAX’s rally continues
The DAX finds itself back above the 200-day simple moving average (SMA) of 12,126 for the first time since late February, moving above 12,000 yesterday and pushing higher in early trading today.
Above 12,230 the price heads towards 12,980 and then on to the February highs at 13,840. A reversal below 11,500 is needed to begin to reverse the prevailing bullish view.
S&P 500 pushes higher again
Having shrugged off the weakness from Friday the S&P 500 has continued to climb, with the smooth and calm uptrend firmly in place.
Dips should continue to be bought until we see the creation of lower highs and lower lows, which for now has not taken place. Further gains target 3130 and then on to 3230.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
Please see important Research Disclaimer.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.