Publication date: December 5, 2024

Price movement AEX Index

It is Thursday, December 5, and the AEX is at 894 in the morning session. That is 14 points (1.6%) higher than last week's reading. Here is the chart of the AEX over the past 5 months. You can see the previous trades and the most likely scenario plotted. 

The AEX opened the week at 884 and then continued the upward trend started last week with a preliminary weekly high of 894. In particular, heavyweight ASML experienced a good week and pulled the AEX cart further up.

What does this mean for sentiment on the AEX?

Sentiment on the AEX pulls to positive for the short term.

What is the expectation on the AEX?

For the coming weeks, sentiment has turned from uncertain to positive. The short position in the AEX that was taken at 885 before the larger correction to 848 closed at 888. The correction was stranded at 853 and continued with a strong upward move.  

This means that our algorithm will be looking for an optimal buying moment for the ride to 935. 

The AEX is expected to undergo a modest correction from the current level to the 885 level and then continue the short-term upward trend towards the price target 935. 

Look back: read our view of the AEX of November 28, 2024 here

What happened on the Nasdaq this past week?

The Nasdaq futures are currently at 21,500 which is 685 points (3.3%) higher than last week's reading.

The Nasdaq futures are moving strongly upward this week and reached the 3.3% rise without any significant correction.  

What is the forecast for the Nasdaq future?

The outlook is unchanged positive. The long position taken at 20,440 has a slightly modified short-term price target of 23,500. The stoploss has been raised from 19,800 to 20,350.

For the end of 2025, the expectation is also positive and the price target has been changed from 24,000 to 25,000 points.

Below is the chart of Nasdaq futures over the past 4 months with the most likely scenario, as it has been for several months, plotted.

What happened on the Dow Jones Industrial Average (DJIA) Index this past week?

The DJIA is currently trading at 45,100 points, which is 225 points (+0.5%) higher than last week's reading. This is also the preliminary high of the week. The DJIA is moving sideways this week between 44,650 and the current level.