The S&P 500 is in the midst of a cyclical pause that should ultimately set up the next leg of the secular advance, says Ari Wald, Technical Analyst at Oppenheimer.
Numerous ‘Death Crosses’ have appeared in both equity indices and individual stocks over the last couple of months, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
A great opportunity to trade a long silver / short gold spread may soon arise, according to Riccardo Ronco, Head of Technical Analysis at Aviate Global.
AUD continues to be the weakest of the major currencies, according to Cornelius Luca, Global Chief Technical Analyst at Thomson Reuters.
The S&P 500’s attempts to form a bottom should continue over the coming weeks to months, according to Ari Wald, Technical Analyst at Oppenheimer.
A contrarian buy signal has been triggered on emerging market equities, according to Michael Hartnett, Chief Investment Strategist at BofA Merrill Lynch Global Research.
Only about half of all technical selling of equities has been completed to date leaving a further $100bn US dollars to be sold over the next one to three weeks, according to Marko Kolanovic at J.P. Morgan Securities.
There should be one more high before EURUSD resumes its downtrend, says Tony Sycamore, Senior Dealer Institutional Foreign Exchange at Commonwealth Bank of Australia.
George Davis at RBC Capital Markets has shifted his outlook from bearish to neutral for US 10-year yields.
Despite short-term bounces, the long-term outlook remains distinctly bearish for US and European equity markets, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.