The S&P 500 experienced a major breakdown below its multi-month trend yesterday and other US equity indices are all doing (or have already done) the same, says Walter Zimmermann, Senior Technical Analyst at United-ICAP.
USD weakness is the next major trade of the year, according to Chris Williams, Senior Broker at Newedge.
Peter Lee, Chief Technical Strategist at UBS in New York, gives his medium- to long-term view on 40 key US stocks.
The iShares Nasdaq Biotechnology (IBB) has broken out of a multi-month channel and Ari Wald, Technical Analyst at Oppenheimer, suggests buying into its $357 to $368 support range.
Silver is near a three month low and remains under pressure, according to Cornelius Luca, Global Chief Technical Analyst at Thomson Reuters.
EURUSD remains in a downtrend on both the daily and weekly charts, but a bullish Head and Shoulders reversal pattern could come into play, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Recognia says the share price of BHP Billiton could rise around five percent over the next two weeks.
Soybean Oil is technically-speaking the most interesting agricultural commodity, according to Riccardo Ronco, Head of Technical Analysis at Aviate Global in London.
Major changes for currency trends may be underway, according to David Linton, Chief Executive at Updata.
Natural Gas is one of the weakest energy commodities, according to Cornelius Luca, Global Chief Technical Analyst at Thomson Reuters.
