Germany´s MDAX setting another All Time High today
As you might know from US-Stockmarkets: If ever mid caps follow the blue chips this is usally a good sign for .
This is what you see now for a couple of trading days and it´s only a matter of time that you might see the DAX to follow through to an all time high.
The reason why:
Germany´s MDAX yesterday was sold off but seller could not get control about this Index. Todays reaction is nothing else than a fresh all time high.
Germany´s Midcap DAX made a new record high today. See how!
Before you read this news about todays market action (link below) keep your attention to the high level of putbuying at the CBOE: Total Intraday Put/Call Ratio 1,13. If ever there might be any higher number before the weekend the remind that usually high numbers like this are followed by a major spike to the upside some trading days later. Expect that a "fail" for Donald J. Trump might be nothing else than "sell the news" (for shortsellers). You need to invert the situation.
DAX Traders need to be aware that the EUWAX Sentiment Indicator today once more was extremely negative - means nothing else that putbuying was extremely high.
Quote: Wall St closes lower after Healthcare vote delay
Quote: In recent polls, AfD (Germany´s far right party) has dropped dangerously close to the five percent threshold
Head of AfD, Frauke Petry (41), who has been under pressure within her Party, has now struck back – by indirectly threatening to step down
In recent polls, AfD has dropped dangerously close to the five percent threshold (currently seven percent, according to Allensbach). Without Petry, this might become even more of a tight squeeze. In the end, the party might fail to make it into parliament. Source: http://www.bild.de/politik/inland/frauke-petry/that-was-a-serious-challenge-51129132.bild.html