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EQUITIES: EuroStoxx50 Remains Bullish, Despite Fade Off Highs

EQUITIES
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S&P E-Minis have faded sharply off intraday highs Thursday, but remain firm and hold the bulk of the recent phase of strength. Attention remains on resistance at 6162.25, the Jan 24 high. The trend condition in Eurostoxx 50 futures remains bullish, with prices edging to a new alltime high on the continuation contract this week. The move higher last week confirmed once again, a resumption of the uptrend. 

  • Japan's NIKKEI closed higher by 98.9 pts or +0.26% at 38776.94 and the TOPIX ended 1.93 pts higher or +0.07% at 2736.53.
  • Elsewhere, in China the SHANGHAI closed higher by 28.33 pts or +0.85% at 3379.113 and the HANG SENG ended 900.94 pts higher or +3.99% at 23477.92.
  • Across Europe, Germany's DAX trades higher by 11.89 pts or +0.05% at 22326.57, FTSE 100 lower by 4.77 pts or -0.06% at 8658.12, CAC 40 up 23.8 pts or +0.29% at 8146.95 and Euro Stoxx 50 up 6.88 pts or +0.13% at 5467.57.
  • Dow Jones mini up 20 pts or +0.05% at 44288, S&P 500 mini up 0.75 pts or +0.01% at 6137, NASDAQ mini up 25 pts or +0.11% at 22166.25.
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S&P E-Minis have faded sharply off intraday highs Thursday, but remain firm and hold the bulk of the recent phase of strength. Attention remains on resistance at 6162.25, the Jan 24 high. The trend condition in Eurostoxx 50 futures remains bullish, with prices edging to a new alltime high on the continuation contract this week. The move higher last week confirmed once again, a resumption of the uptrend. 

  • Japan's NIKKEI closed higher by 98.9 pts or +0.26% at 38776.94 and the TOPIX ended 1.93 pts higher or +0.07% at 2736.53.
  • Elsewhere, in China the SHANGHAI closed higher by 28.33 pts or +0.85% at 3379.113 and the HANG SENG ended 900.94 pts higher or +3.99% at 23477.92.
  • Across Europe, Germany's DAX trades higher by 11.89 pts or +0.05% at 22326.57, FTSE 100 lower by 4.77 pts or -0.06% at 8658.12, CAC 40 up 23.8 pts or +0.29% at 8146.95 and Euro Stoxx 50 up 6.88 pts or +0.13% at 5467.57.
  • Dow Jones mini up 20 pts or +0.05% at 44288, S&P 500 mini up 0.75 pts or +0.01% at 6137, NASDAQ mini up 25 pts or +0.11% at 22166.25.