22/12/2011

All 2 hour trends have now changed to up and the daily trends have also turned up for important indexes.

There are two groups of indexes now. DOW, SP500, SWED and IBEX have not only got the 2 hour trends changed to upward but also the daily trends have turned up today as well. These indexes could now move up to test recent tops. The strongest is still the DOW which can take a new high since it is back in the 12.000 area.

FTSE, DAX, CAC, MIB the biggest European indexes do not move much and does not seem to take the very good news from the Spanish surprisingly good result in the three and six months bills sales Tuesday and the 480 billion loans to the banks from ECB Wednesday as a reason to move much higher.

Yes the turnover in stocks slows by the day and usually the markets movements is not, according to many analysts, something to build upon when everyone is back Jan 2, 2012. Then the real trend will be set quickly. However the trends set now will be enough to keep the markets from falling during December and maybe DOW could take a new monthly high.

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