The NASDAQ future is nearing its all-time high and current levels may not offer the best entry point for new longs, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
The trading range for Soybeans has shrunk to an extreme low and James Dima, technical analyst at Marex Spectron, thinks this means that a large move is pending.
The uptrend in the FTSE that began in December 2017 is set to continue despite Brexit worries say the technical analyst team, headed by David Sneddon, at Credit Suisse.
Marko Kolanovic and Bram Kaplan from J.P.Morgan ask why the Q4 2018 sell-off and subsequent Q1 2019 rally in the S&P 500 was so violent. Their answer suggests there is plenty of scope for the S&P to go higher.
Frank Cappelleri, Chief Market Technician at Instinet, thinks that Software stocks are the ‘true’ market leaders for US equities.
The EURO STOXX Banks index (SX7E) is continuing its rally off the neckline of an inverse head-and-shoulders pattern with no clear resistance in sight until beyond 100.00, according to Andy Dodd at Louis Capital Markets.
USDRUB has breached key support and is heading towards the 60.00 area, say David Sneddon, Pascal Zingg and James Gilbert at Credit Suisse in London.
The S&P 500 is overbought and bearish divergences are appearing, says Robert Colby, Chief Investment Strategist at Robert W. Colby Asset Management.
EURUSD’s recovery and consolidation above 1.1300/20 confirms the decline to the 1.1176 low was a false break, according to Tony Sycamore, at TECHFX TRADERS.
London, 29 April 2019