See the charts below for Friday July 4 close. The US indexes are much stronger than the Europeans. New highs are taken and very strong acceleration on upside, at least NAS and SP500 but also DOW to a certain degree.The acceleration phase is a sign that the US indexes now are in their last waves on upside but there are no signs of weakness yet.
FTSE, DAX and SWED are moving sideways still after several weeks. They are close to take new highs but no break out yet.The dollar is getting stronger slowly against the European currencies which also have lower interest rates. There is and will be even less turnover the coming week.
NIK and HSI are following the DOW's trend and there are only good economic news at present. Company results will soon start to come in for the second quarter.
FTSE, DAX and SWED are moving sideways still after several weeks. They are close to take new highs but no break out yet.The dollar is getting stronger slowly against the European currencies which also have lower interest rates. There is and will be even less turnover the coming week.
NIK and HSI are following the DOW's trend and there are only good economic news at present. Company results will soon start to come in for the second quarter.
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