DAX completely ran through its range during the week| Trading

20230108_AndreasBernstein_WEEKLY ANALYSIS
20230108_AndreasBernstein_WEEKLY ANALYSIS

DAX completely ran through its range during the week. The US jobs report and quarterly numbers are trading relevant for the new week.

DAX-Momentum an Range-Kante

After a premium of around 5 percent in the first trading week of the year, the DAX is back at the upper end of its range, which we have looked at again and again over the past two months:

20230108 Xetra DAX Range20230108 Xetra DAX Range
20230108 Xetra DAX Range

Is there a breakthrough here? At least the labor market data from the USA gave encouragement. On Friday they were above expectations but still slightly below the previous month’s ticker data and confirm that the US economy is in a solid position in which the US Federal Reserve Bank does not have to intervene hastily:

US job market on 2023-01-06US job market on 2023-01-06
US job market on 2023-01-06

This further brightened the mood in the US, as the Feed and Greed Index shows:


2023-01-07 Fear and Greed2023-01-07 Fear and Greed
2023-01-07 Fear and Greed

I will be happy to show my trading on Wall Street again from Monday at the start of trading:

202301_AndreasBernstein_New Year's Offer Wall Street Live Trading202301_AndreasBernstein_New Year's Offer Wall Street Live Trading
202301_AndreasBernstein_New Year’s Offer Wall Street Live Trading

Overall, the DAX was still much better than Wall Street, as the summary of the indices shows on a weekly basis:

2023-01-07 week indices2023-01-07 week indices
2023-01-07 week indices

What can you derive from this for the new week?

DAX ideas for the start of the week

the am Friday in the morning analysis 14,500 shown was just short-term resistance (review):

20230105 DAX perpetual contract20230105 DAX perpetual contract
20230105 DAX perpetual contract

It did indeed lure the mid-December high, which is also a 6-month high:

20230108 DAX Xetra 4 weeks20230108 DAX Xetra 4 weeks
20230108 DAX Xetra 4 weeks

This meant the upper line from the Friday analysis (review):


20230106 DAX perpetual contract 4 weeks20230106 DAX perpetual contract 4 weeks
20230106 DAX perpetual contract 4 weeks

This was also achieved directly in the post-exchange:

20230108 DAX perpetual contract20230108 DAX perpetual contract
20230108 DAX perpetual contract

I show you the resulting “Big Picture” with some other ideas in this video of this analysis:

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

Start your trading day on Germany’s first financial stream channel in HD – dem Twitch channel FIT4FINANZEN then again on Mondays free of charge and for several hours with other traders LIVE the course of trading, the quarterly figures and other financial data:

FIT4FINANZEN on TwitchFIT4FINANZEN on Twitch

You will receive this analysis and all chart images in advance by e-mail.

This brings us directly to the upcoming dates.

Dates for the new trading week

The live trading room starts on Monday at 3.30 p.m. and on the other days at 10.00 a.m. together with Marcus Kleber. You are welcome to register directly:

LiveTradingRoom Marcus und AndreasLiveTradingRoom Marcus und Andreas

In addition to forex and index movements, we usually also address stocks that are currently with their quarterly figures provide impetus to the market.

There are also other key data from the economic calendar.

We start on Monday with the unemployment rate from the EU and then on Thursday with the EU economic bulletin. The most important anchor point should be the consumer prices from the USA at 2.30 p.m. on Thursday, as well as the Uni Michigan Index on Friday afternoon.

Excerpts of the most important dates are shown here. A daily updated selection is made in the daily analyses.

2023-01-08 economic data week2023-01-08 economic data week
2023-01-08 economic data week

With that, I wish us every success at the start of trading and look forward to seeing you in the other formats.

Your invitation to the trading community with around 2,200 traders

Yours Andreas Bernstein

*Placed products/tools are marked accordingly and advertising. 77.49% of retail investor accounts lose money when trading CFDs with the company. You should therefore consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money!

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