Yesterday’s session ended on DAX FUTURE very fortunate for bulls, the day ended above 11,000 pts. On the beginning of session it was not so good because index opened with 65 pips bearish gap. Session was very calm because everyone was waiting for evening’s FOMC minutes and it is confirmed by flat German indices: DAX -0.10%, MDAX -0.16%, SDAX -0.20%, TECDAX -0.25%. 16 out of 30 DAX companies gained and 14 lost. The biggest decreases: Linde -1.54%, Fresenius MC -1.47%, the biggest profits: Volkswagen +2.80%, Infineon +1.76%.
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In the beginning of Thursday’s session we can presume with high probability opening with bullish gap, which will happen after great mood on Wall Street. However we have to remember that Wall Street often cancels central bank’s data day later this is why today’s session doesn’t have to end on plus. DAX futures are currently at 11,050 pts level and after Asian session mood is very good. The closest target is on 11,200 pts.
Like every Wednesday there was publication of newest data about investors sentiment on DAX:
- institutional: bulls – 58%, bears – 24%, neutral – 18%
- private: bulls – 69%, bears – 15%, neutral – 16%.
Another week with a lot of bullish investors. These moods weren’t worsened by Paris attacks. Almost everyone is thinking about gains but what will happen after finally breaking 11,000 pts?
