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 in the morning. 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 is about to overcome its almost two-month sideways market and is now aiming for higher goals. This sideways move would end at levels above 14,675 points, the high of the rally so far since late September. On the further way up, the mark of 14,709 points would be the first target, the high of the stock market month June.