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A new rebound high for the Dow Jones this afternoon
Following on from the previous update, noting the very positive start to the US equity market trading session, the Dow Jones has just now surpassed the rebound high it set earlier in the week, at 35,227. The index has just now risen above 32,250. It is backing off a little now and given the rapid start today, I would not rule out another bout of pre Thanks Giving profit-taking to kick in at some point. It seems rather obtuse to keep buying stocks without some caution ahead of what is going to be a long weekend for US investors. The Dow Jones is just now trading at 35,230
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Nasdaq 100 drops off best levels
The Nasdaq 100 closed last night at 21,900. It reopened this afternoon at 21,915 and rose swiftly, so set a new 2025 high, at 21,945. It has now... -
Will the DAX post a negative outside day reversal today?
The DAX is just now falling back underneath 21,400. The index set a new all time high earlier today, at 21,520. It had closed yesterday at 21,411 and... -
Mixed US PMI data sends dollar lower- EUR/USD lifts towards 1.05 again
The US flash PMI data has just been released and it was a mixed bag. Manufacturing beat estimates, rising from 49.4 to 50.1. However, services fell...
