Two Fifteen

Two Fifteen – 2 September 2020

More of a cheerful day as we are seeing more winners than losers. Volumes slightly mixed with most indices trading below their 1d AVAT although still nice to see them trading above their 20d AVATs. Germany a difficult one to beat with the DAX again outperforming its peers. Closing above 13190 would be new 6m closing high (13313 needed for 6m intraday high). Chemicals sector having a good day as well (SX4P +2.6%) – it made a new all-time price and relative highs earlier today (resistance at 1065). Also note the STOXX 600 Growth/Value ratio (STGP/STVP) – new all-time relative high for Growth earlier (intra-day) after outperforming Value for three days in a row.

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