Stocks Stay Strong: FTSE 100, DAX 40, and S&P 500

Track FTSE 100, DAX 40, and S&P 500 resilience amid inflation changes for timely market insights. Stay informed!

FTSE 100 Ends November on a Positive Note

In a week marked by fluctuations, the FTSE 100 showcased resilience, sliding to 7,383 on Thursday before rebounding as inflation weakened in the eurozone. The 55-day simple moving average (SMA) at 7,494 posed a temporary cap, reiterating its influence on Friday morning. Investors are closely watching as the market overcomes the SMA hurdle to reach the 17 November high at 7,516 and the subsequent 7,535 November high. Notably, minor support rests at the 21 November low of 7,446.

FTSE 100 Trends

• Bullish sentiment prevails
• Daily Change: -14% Longs, 16% Shorts, -5% Open Interest
• Weekly Change: -16% Longs, 25% Shorts, -4% Open Interest

Stocks Stay Strong: FTSE 100, DAX 40, and S&P 500

DAX 40 Continues Surging Amid Eurozone Inflation Dips

The DAX 40 remains on an upward trajectory as eurozone inflation disappoints expectations. The July peak at 16,532 is within reach, encountering minor resistance at the 16,421 31 July low. Investors have identified support levels below Friday’s intraday low at 16,236 and Thursday’s 16,165 low. More substantial support is observed between the August and September highs, ranging from 16,044 to 15,992.

S&P 500 Records Best November Since 1980

Despite a slowdown in the sharp November rally, the S&P 500 continues to trade at four-month highs. The index maintained momentum as the Fed’s preferred PCE inflation gauge aligned with expectations at 3% year-on-year in October. November marked the best-performing month for the S&P 500 this year and the strongest November since 1980. Identified resistance levels include the November peak at 4,587 and the subsequent July peak at 4,607. The short-term uptrend remains intact, with this week’s lows at 4,539 and 4,537 providing support. Further potential support sits at the 4,516 mid-September high.

In summary, the FTSE 100, DAX 40, and S&P 500 demonstrate resilience in the face of economic challenges, maintaining positive trajectories amidst fluctuations in global markets.

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