I wish you a Merry Xmas and wonderful moments with your family.
During this holiday period, I will take some rest with my family: next update on Monday.
The Europe shows some signs of strength and this is good news. Is it due to some positioning at the end of the year in anticipation of next year? Maybe, we will see during the first weeks of 2015 if it is the case.
Nevertheless, we are still well below May's highs.
Looking at key indexes, we can notice the Estoxx50 is now above a major resistance but this is not the case for all indexes. So, we need a confirmation from the broad market.
Looking at our indicators, there is no new information.
The market printed a marginal high but there is a clear lack of momentum: we need more strength in order to confirm the breakout.
The Russell remains unconvincing but both the SP500 and the Mid Cap400 were able to print a new high. So, all in all, the situation is positive.
There is no new information from our indicators.
The ST model uplifted its stop on the SPX:
