Nail-Biter in the DAX: Bear Attack Bounces Off the 24,000 Bastion!
The German leading index shifted into reverse again on Tuesday, but the bulls are sending a crucial sign of life: the psychologically essential 24,000-point mark is holding! Although things got dangerously tight, the market was able to catch itself just before the abyss. At the end of the day, a minus of 0.67% at 24,270.87 points flashed on the pricing board. For today, Wednesday, a bullish opening with an upward price gap is now expected. Nevertheless, investors urgently need to regroup and keep an eye on the downside. The geopolitical chess game between the U.S. and Iran is proving to be highly complex and tough. At the same time, the bitter realization is seeping through on the trading floor: in case of doubt, the ECB is absolutely ready to push through restrictive measures if inflation demands it.
Adidas Defies the Sell-Off—Gigantic Money Flow at SAP!
In this rather gloomy market environment, Adidas advanced to become the saving anchor, sovereignly securing the daily victory in the DAX with a strong performance of 0.7%. Close behind followed the defense contractor Rheinmetall and Hannover Rück with a price premium of 0.4% each. The real spectacle, however, took place among the heavyweights: SAP shares are extremely highly sought after ahead of the quarterly figures due on Thursday. Together with Siemens Energy, the shares generated a massive trading volume of over 800 million euros—an unmistakable indication that smart money is massively positioning itself here!
Tesla, ASML, and the Chart Thriller: Bargain Hunting or the Next Crash?
Alongside geopolitics, the global earnings season is now finally taking the wheel. The figures of European heavyweights like ASML, L'Oréal, and Danone are eagerly awaited. From the U.S., giants like Boeing, Tesla, and IBM are simultaneously preparing to cause a massive stir. From a technical perspective, the current daily candle, which is clearly pointing downwards again, urges caution. The picture looks dangerous! However, the market dove directly into a massive support level in after-hours trading. For bold buyers, this could be the perfect invitation to snatch up the index cheaply in its young upward trend. But beware: the unpredictable news surrounding the Iran conflict remains the ultimate wildcard, capable of triggering brutal impulses in either direction at any time.
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