Short-term price momentum has turned down for US stocks, according to Robert Colby, Chief Investment Strategist at Robert W. Colby Asset Management.
A positive S&P High Beta index versus the Low Volatility Index should be a bullish signal for the S&P500, says Ari Wald at Oppenheimer.
A series of higher highs and lows plus the breakout from late June’s low means the S&P is now targeting 2300, according to Ron Meisels at Phases & Cycles.
Despite strong psychological resistance at 7000, the FTSE (Sep future) should go on to test its all time highs, say analysts at Credit Suisse.
Global stocks remain in a cyclical bull within a secular bull market that started in 2009, says Tim Hayes at Ned Davis Research. There are 12 reasons that this is set to continue, NDR has explained in a recent research report.
Despite historically low levels of equity market volatility, as the November Presidential election draws nearer volatility is expected to pick up, according to Richard Turnill at Blackrock.
The pound is set to resume its post-Brexit bear trend despite the recent corrective bounce, say analysts at Credit Suisse.
A close above 1220 would reassert the uptrend for the Russell 2000, says David Sneddon and his team at Credit Suisse in London.