BULL STAYS FURTHER THIS WEEK?

Mostly all European equity markets are up and down today. The picture is mixed a bit. This could be the 8^th gaining day in row.

The Stoxx Europe +0.10%

FTSE +0,88%

DAX - 0,14%

The US market’s sentiment on SP500, DJIA, Nasdaq are moderately bullish.

We are going to have some macro numbers this week like U.S. nonfarm payrolls, unemployment rate, home sales and the Bank of England minutes. The investors are awaited a report on existing home sales in the U.S. to gauge if the country’s housing market remains in recovery mode or not. On Tuesday, the much-anticipated nonfarm-payrolls report from September will come out and the unemployment rate.

Technically the DJIA is still in the range 14,800-15,700. It is lagging behind the Nasdaq, SP500 and Russell 2000. They are on new historical highs. On DJIA we see the potential to hit the new high level above 15,700. For this first need to take out the 15,400 key resistance level today or tomorrow. But the bulls around us with a strong momentum.

Take a look at our Swiss fund and begin to invest with us!

The BFM Assets Team.