Monday 30 July 2012

Market indices 20/50 dma - FTSE100, 250, TechMARK, Eurostoxx - update 15

Starting a new week with the 20/50 dma still looking bullish on the main UK indices and the Eurostoxx 50. In fact, you would have to say of these the TechMARK and Eurostoxx index look the most bullish with a nice, steady upward movement developing in the longer 50 dma.  TechMARK looks really strong, perhaps getting ahead of itself, but there is certainly a good, upward trend in place. Only the FTSE100 still has a flatlining look about it, but even here there is now a hint of upward momentum. The FTSE250 looks the better of the 2 major UK indices, with price having stayed above the 50 dma even during the most recent sell off.

FTSE100

FTSE250

TechMARK

Eurostoxx 50

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