Not an uptrend yet, but opportunities

During summer, market indices went up, and it seemed already to look like an uptrend. By having a closer look on the individual markets, the indices show a different picture: As to my view, this is more like a short term revival, and there are no clear trends yet revealing, as all move is still mainly sideward. Larger indices like the Nasdaq-100 are slowly reaching again their previous maximum values.

Currently, the stock market is getting more bullish, but it is too early to call it a new up trend. Therefore the old market highs have to be reached, to prepare the way for a new uptrend. Currently there are opportunities to realize some gains.

Yours, Oliver Prenn