Ari Wald, Technical Analyst at Oppenheimer, recommends overweighting high-quality Technology stocks after a near-term breakout for the sector versus the S&P 500.
While there is no sign yet of a trend reversal for USD/CAD, the oversold nature of daily studies suggests that the pace of the correction is slowing, according to George Davis at RBC Capital Markets.
US Nat Gas is bearish in the long- and medium-term and we shouldn’t be surprised to see another lurch down, says David Linton, Chief Executive at Updata.
Is 1,600 the new fair value level for the S&P 500? Peter Lee at UBS in New York suggests it might be and looks at how this level may prove crucial in deciding when we enter into the next structural bull trend or if we are already in it.
Most major foreign currencies have strengthened against the US dollar in the last month but the New Zealand dollar should continue to be the strongest performer, says Cornelius Luca, Global Chief Technical Analyst at Thomson Reuters.
Early signs of a breakdown indicate a shakeout is likely to develop for the Dollar Index in the coming weeks, says Ari Wald, Technical Analyst at Oppenheimer.
Tradesignal Chart, an application for chart analytics and for developing rule-based trading, is now available in Thomson Reuters Eikon.
Until there is significantly more confirming evidence that a new bear market is underway, Ron Meisels, President of independent research house Phases & Cycles, believes the S&P is in a choppy wave 4 correction of a bull market.
Rallies in the STOXX Europe 600 Basic Resources (SXPP) should be seen as selling opportunities, says Andy Dodd, Head of Technical Research at Louis Capital Markets.
Long-term major trends have been confirmed bearish for global stock markets, according to Robert Colby, Chief Investment Strategist at Robert W. Colby Asset Management.