Dax continues brilliant start to the year – but warning signals are increasing

Dusseldorf The brilliant start to the year on the German stock market is entering its second week: the Dax climbed another 0.3 percent to 14,680 points on Monday afternoon. In the first five trading days, the leading German index gained around five percent or the equivalent of almost 700 points and ended trading on Friday at 14,610 points.

According to chart technology, the Dax has overcome its almost two-month sideways market and is now aiming for higher goals. This sideways movement ended with prices above 14,675 points, the previous high of the rally since the end of September. The new history high is now at 14,690 points. On the further way up, the mark of 14,709 points is the first target, the high for the stock market month of June.