Deeply oversold indicators suggest a relief rally is imminent for the S&P, according to Ari Wald, Technical Analyst at Oppenheimer.
The case for further rate highs in 2016 is in serious doubt if the 1.78% level on the US 10 year Treasury Note is breeched, according to Walter Zimmermann, Senior Technical Analyst at United-ICAP.
Peter Lee, Chief Technical Strategist at UBS in New York, gives his technical outlook for 70 large cap stocks.
Most major currencies have weakened against the US dollar in the last month but GBP looks like one of the weakest, according to Cornelius Luca, Global Chief Technical Analyst at Thomson Reuters.
The short trade in oil, commodity and energy sector stocks is intensely overcrowded, according to Lakos-Bujas Dubravko, US Equity Strategist at J.P.Morgan.
Has the unexpected sell-off in equities changed the overall market outlook? Ron Meisels, President of independent research house Phases & Cycles, thinks the jury is still out.
An ABC correction may be complete for gasoline futures and the seasonal low may now be in, according to Walter Zimmermann, Walter Zimmermann, Senior Technical Analyst at United-ICAP.
Recent price action in equities has “done some serious damage to the longer-term charts”, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
The Dow Jones Industrial Average is approaching key support in the form of its 50 month moving average, according to James Dima, technical analyst at Marex Spectron.
Ari Wald, Technical Analyst at Oppenheimer, has lowered his downside target to 1740 from 1900.