David Sneddon and his team at Credit Suisse look at the Semiconductor Index (SOXX) – which has reached a long-term target of 905 – and ask what’s next for this index.
While there is more upside to equities in 2017, market risk will increase substantially because of a strong USD and higher rates, says Marko Kolanovic at J.P. Morgan Securities.
S&P weakness over the coming weeks should be used as an opportunity to add to positions, says Ari Wald, Technical Analyst at Oppenheimer.
A minor pullback is likely for US equities in the first half of December, says Ron Meisels at Phases & Cycles, but he says a year-end rally should take the major indices to new all-time highs thereafter.
A sustained break above 54.43 for Brent Crude would confirm a bullish head-and-shoulders reversal pattern and target 79.5, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Support for EURUSD is holding but it’s just a matter of time before it eventually breaks lower, according to David Sneddon and his team at Credit Suisse in London.
The S&P 500 is at the beginning of its year-end rally, says Ari Wald, Technical Analyst at Oppenheimer.
A break of key support for FTSE will likely trigger a move towards 6400, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
The S&P 500 tends to bottom about two weeks after an US presidential election when there is a weakness going into voting day, says Ari Wald, Technical Analyst at Oppenheimer.
Short-term rallies in GBP/USD and EUR/USD will provide strategic selling opportunities, says George Davis, Chief FIC Technical Analyst at RBC Capital Markets.