US stocks at oversold extreme
The percentage of US stocks in oversold territory is at a multi-year high and, together with a jump in the VIX, could be viewed as a bullish signal, says Ari Wald, Technical Analyst at Oppenheimer.
2018
USD/JPY nears key support
USD/JPY is weakening as risk aversion increases, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets.
All eyes on DAX
The DAX is close to confirming a huge topping formation, says Frank Cappelleri, Chief Market Technician at Instinet.
Rally expected for RBOB vs HO
A rally is imminent for the Gasoline / Heating Oil spread, according to James Dima, technical analyst at Marex Spectron.
S&P long way from 200-day MA
Andy Dodd, Head of Technical Research at Louis Capital Markets, warns that a break below 2878.5 for the S&P 500 could be significant.
10yr Italian yields breaking higher
10-year Italian bond yields are breaking above crucial support, according to David Sneddon and James Gilbert at Credit Suisse in London.
US yields pause for breath
The US 10-year yield is likely to undergo a pullback before reaching 3.9%, according to Frank Cappelleri, Chief Market Technician at Instinet.
Brent overbought
Brent Crude is overbought and this condition is unlikely to last for much longer, says James Dima, technical analyst at Marex Spectron.
Seasonal tailwind for US equities
We are entering the most bullish nine-month period of the 4-year US Presidential cycle, says Ari Wald, Technical Analyst at Oppenheimer.
S&P to test 3000
The S&P 500 remains in a bullish Wave V and should test 3000 into year-end, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.