CAC 40 Index Forecast October 29, 2012, Technical Analysis

The CAC 40 had a fairly positive session on Friday, in order to show support at the bottom of the recent consolidation range. Currently, it appears that we are stuck between the €3360 level, and the €3600 level. As we are towards the bottom of this range, we are bullish at this point in time. We like dividend paying stocks, but would avoid the futures market simply because of a lack of clarity with all things European related. Headlines can come through and crush your position in an instant the way things have been going lately. Because of this we like household names until we get above €3600.

 

CAC 40 Index Forecast October 29, 2012, Technical Analysis
CAC 40 Index Forecast October 29, 2012, Technical Analysis

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