Don't Ignore This Chart!

German DAX Index Leads the Way in 2012 $DAX $SPX $NIKK


Despite all the "issues" surrounding Europe, the German DAX Index ($DAX) is going strong and outperforming the S&P 500. In fact, the DAX is outperforming the Shanghai Composite ($SSEC) and the Nikkei 225 ($NIKK) as well. The chart below shows that the DAX is up a whopping 14.76% year-to-date, mre than double the gain in the S&P 500.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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