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.
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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.
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What is the outlook for the Dow Jones Industrial Average Index?
The outlook is positive. The DJIA went through the expected modest correction this week and is poised to continue its uptrend once the index closes above 45,200. The most likely scenario at that point gives a buy signal with price target 48,000 and the stoploss at 44,500.
Below is the chart of the DJIA futures over the past 2 months with the most likely scenario plotted.
Important items on the economic agenda for the week of December 9 through December 13:
The coming week we look forward to the release of inflation data from the US. On Wednesday 2:30 p.m. the important Consumer Price Index (CPI) and on Thursday 2:30 p.m. the Producer Price Index (CPI). In addition, the ECB will release its interest rate decision on Thursday at 2:15 p.m.
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' own insights and experiences. They are therefore for educational purposes only.