Dax passes the 13,000 point mark

Dusseldorf The mood on the German stock market is friendly again. The Dax easily overcomes the psychologically important mark of 13,000 points in the morning and is traded at 13,357 points, an increase of 4.1 percent or almost 530 points. Yesterday’s trading already showed a positive trend, because the stock exchange barometer ended the session unchanged after two days of sell-off at 12,831 points. Nevertheless, the size of the plus sign is surprising because all major US stock market indices slipped into the red at the end of trading.

Despite the price gains at the start of trading, it has so far only been a relief rally, a countermovement in an intact downward trend. The stock market barometer still has a long way to go before it ends.

Only at prices above 15,000 points would the traffic light change from red to green. The three important average lines that indicate the short-, medium- and long-term trend are also just above this important resistance level.