Rebound continues for Dow Jones, Nasdaq 100 and DAX 40
Indices staged a strong recovery last week, and look set for further gains in the short-term if markets can avoid any further tariff-related shocks.
Dow Jones fights to hold 40,000
Last week the Dow Jones saw a rebound from the 38,000 level, creating a fresh higher low. Gains have stalled around 40,000 for now, but a continued rally would head towards the high from 9 April, just below 41,000.
If the price can move above this level, a more positive view continues to come into play. A reversal back below 39,000 might suggest that the sellers have reasserted control.
Dow Jones daily chart
Nasdaq 100 continues to recover
The Nasdaq 100 has succeeded in pushing through the high from 9 – 10 April and now finds itself at its highest level since tariff 'Liberation Day' on 2 April.
Plenty of tech earnings this week mean that further progress may be slower in the short term, but for the moment, the buyers remain in charge. Further gains target the late March high at 20,325.
Nasdaq 100 daily chart
DAX 40 at four-week highs
Germany’s DAX 40 is almost back at the levels seen at the beginning of April.
Having surged from 21,000 last week, the index is now in a strong position to make further gains, and a close above 22,680, the 2 April high, would clear the way for a move back towards the record highs of mid-March.
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