Publication date: January 15, 2026
It is Thursday, January 15. The AEX records the record high of 1007 points in the opening session. That is 34 points (3.5%) higher than last week's reading.
What happened on the AEX over the past week?
The AEX is experiencing a volatile but very positive start to the year. Today is only the tenth trading day of 2026 and the AEX is already up almost 6%. In the past week, the AEX opened strong at 991 and barely experienced a pullback. The low has been 985 and today the historic high of 1007 points.
As is often the case, the heavyweight High Tech funds are setting the direction. ASML, ASMI and Besi are pulling the cart and together provide almost all of the rise.
What does this mean for sentiment on the AEX?
Overall sentiment on the AEX is positive. A volatile transition period is expected in financial markets in Q1 2026, but underlying sentiment is positive.
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What is the expectation for the AEX?
In the most likely scenario for the coming months, the AEX will set a top in the 1020-1025 zone and then undergo the correction to the 960-955 zone. This is the format for the upward breakout towards the new price target at 1070.
Below 910, the longer-term positive scenario expires and the AEX enters a neutral zone with an increased risk of further decline.As long as 910 holds, the positive long-term scenario remains in place.
Above is the chart of the AEX as of January 2025. The arrows indicate the most likely scenario for the coming months.
Whathappened on the Nasdaq this past week?
The Nasdaq futures are at 25,680 on Thursday morning, January 15. That is 100 points (0.4%) lower than last week.
The Nasdaq futures are fluctuating relatively sideways between 25,400 and 26,000 for the second week.
What is the outlook for the Nasdaq futures?
Long-term positive with a price target of 27,800. In the most likely scenario, the Nasdaq will finish the correction in the zone around 23,000. From that level, the Nasdaq can continue upward toward the price target. With a close below 22,200, the positive scenario expires.
Below is the chart of the Nasdaq futures from January 2025 with the most likely scenario.
What happened on the Dow Jones Industrial Average (DJIA) Index this past week?
The DJIA is currently trading at 49,330 points, which is 115 points (+0.25%) higher than last week's reading.
Last week, the DJIA set the record low at 49,898 points. Then began the modest correction to the weekly low at 49,055.
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What is the outlook for the Dow Jones Industrial Average Index?
In the most likely short-term scenario, the DJIA may experience a modest correction to around 48,000. For the longer term, our system foresees a new price target of 53,700. The scenario expires at a close below 45,500.
Below is the chart of DJIA futures from January 2025 with the most likely scenario plotted.
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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.