19/01/2012

SP500, DOW, FTSE and DAX new closing highs.

The uptrend has now been running for 21 trading days. SP500, DOW and DAX shows no signs of slowing down. FTSE and SWED are hesitating to move higher. The bond auctions in Europe have been impressing. It feels now like the medias warnings about Europe's economic outcome is too pessimistic. The EURO is attacking its top channel and the positive trends in commodities, China's economy etc together with the technical charts points to further strong Euro support.
I do not know what kind of news will stop the up trends.

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