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Publication date: July 10, 2025
It is Thursday, July 10. The AEX is at 925 in the morning session. That is 12 points (1.3%) higher than last week's reading.
What happened on the AEX in the past week?
The AEX opened the week weak at 907 and set weekly lows the same day at 904. During the week, the AEX managed to regain strength and this morning set the highest weekly reading at 926. With that, the AEX is still in the long sideways pattern between 905-935 while other leading stock indices such as the DAX, Nasdaq, and the DowJones Industrial are moving around record levels.
What does this mean for sentiment on the AEX?
Underlying sentiment on the AEX is positive.
What is the expectation on the AEX?
The expectation is unchanged, positive. In the most likely scenario of our algorithm, the AEX is going to rise to the price target of 1,050. Because of the long period during which the AEX moves within a sideways pattern, the risk of a short slip below 900 points remains present. This does not affect the positive scenario. Hence, the stop loss remains wide at 870. In the ride towards the price target, we should expect some resistance around 935 and 950.
Above is the chart of the AEX from February 2025 with the sideways pattern since mid-May. The arrows indicate the most likely scenario for the coming months.
What happened on the Nasdaq this past week?
The Nasdaq futures are at 23,030 on Thursday morning, July 10, which is 155 points (0.65%) higher than last week.
The Nasdaq futures have been performing strongly for weeks, but seem to be losing some strength this week. The Nasdaq opened last Monday at 22,970. The high was set on Wednesday at 23,110.
What is the outlook for the Nasdaq futures?
Unchanged positive. In the most likely scenario, the Nasdaq futures will make one last preliminary sprint to around 23,450. This move will be followed by a correction to around 22,400 before continuing to rise to the price target at 25,800.
In the correction, a consideration to take a buy position arises.
Below is the chart of the Nasdaq futures from November 2024 with the most likely scenario.
What happened on the Dow Jones Industrial Average (DJIA) Index this past week?
The DJIA is currently trading at 44,625 points, which is 205 points (0.45%) lower than last week's reading.
The DJIA has also been performing extremely well for weeks and has also met our set price target at 45,200. This week's advance is losing momentum slightly. The DJIA opened the week nicely at 44,970 but dropped slightly during the week to 44,420.
What is the outlook for the Dow Jones Industrial Average Index?
In the short term, the DJIA may complete a correction of about 3% to the 43,000 level and then continue up to the price target at 49,000.
In the correction, a consideration to take a buy position arises. Below is the chart of the DJIA futures from November 2024 with the most likely scenario plotted.
Every Sunday morning, we publish the stock market agenda for the coming week. Would you like to receive the agenda by mail? Sign up here.
In the Calendar, we discuss the most important topics by means of an explanation and vision. Read here the agenda for the week July 7 to July 11, 2025, and from Friday afternoon here the agenda for the week July 14 to July 18, 2025.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' insights and experiences. They are therefore for educational purposes only.
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