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FTSE 100 and DAX rotation comes to mind now

Since the previous update here noted the positive reaction in the DAX to the better than forecast ZEW index, it has tested the 18k level. So far that has capped the topside though. Meanwhile, over in the FTSE 100, the price action has been in the opposite direction. The FTSE 100 is now approaching session lows as it falls dangerously close to the noted 7,700 support. So, what can we gleam from this differing price action? The answer is simple- potential rotation out of UK stocks and into German ones. That is not 100 percent a cast iron conclusion, but it sure looks like it right now. 
 

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