Looking for signs of S&P recovery
After an approximate 9% fall from its September peak, Ari Wald, Technical Analyst at Oppenheimer, says the S&P will need to rally back above last week’s gap as the first step towards recovery.
November 2018
European telecoms rising
The European Telecommunications sector has confirmed a bullish reversal pattern, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Rally pending for Aluminium
A bullish condition is pending for Aluminium, says James Dima, technical analyst at Marex Spectron.
Nasdaq falls below critical support
Aggressive selling has resulted in a closing break below critical support on the Nasdaq 100, according to David Sneddon, Pascal Zingg and James Gilbert at Credit Suisse in London.
Rising selling interest for Tech sector
The Technology sector behaved extremely bearishly yesterday with 100% of its constituent stocks falling in price, according to Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
Limits to S&P correction?
The S&P has undergone a significant shift in sentiment but the 2500 level may provide key support, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
S&P relatively strong
Though weak participation in the next S&P 500 rally could warn of a large market top, Ari Wald, Technical Analyst at Oppenheimer, still views the S&P 500 as one of the strongest equity markets in the world.
USD holds support
David Sneddon and James Gilbert at Credit Suisse in London remain bullish on the USD after the Bloomberg Dollar Index (BBDXY*) surges higher and holds neckline support from its large head-and-shoulders base.
3.25% is key for US 10 Year
A potential double top in US yields is forming, says Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Monitor for bullish signal on Brent spread
A short-term rally is imminent for the Z19/20 Brent crude calendar spread, according to James Dima, technical analyst at Marex Spectron.