“The likelihood of cryptos ceasing to exist is vanishingly low,” according to Thomas Anthonj, founder of Systematic Trade Advice (STA).
Defensive stocks are making new relative highs as the overall move lower in equities continues, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
EURJPY is entering an area of little resistance to its upward momentum, according to David Sneddon and his team at Credit Suisse in London.
There continues to be a lack of volume on the S&P 500’s downtrend, says Terence Brogan, Co-Head Market Technician at Brogan Group Equity Research.
A new paper that deals with the shortcomings of the Moving Average Convergence Divergence indicator (MACD) has won both the CMT Association’s Charles H. Dow Award for outstanding research in technical analysis and the National Association of Active Investment Manager’s Founders Award for advances in active investment management.
Investor sentiment has reached extreme weakness suggesting US equities will soon rally, according to Marco Kolanovic and his Global Markets Strategy team at J.P.Morgan.
US equity markets are under pressure and this leaves the Tech sector and Small Caps retesting their lows for the year, says David Sneddon and his team at Credit Suisse in London.
USD/CNH is turning bullish, according to George Davis, Chief Technical Strategist at RBC Capital Markets.
Breadth metrics show the Energy, Aerospace and Semiconductor industries are the most bullish sectors of the stock market and momentum is likely to send prices higher still, according to Terence Brogan, Co-Head Market Technician at Brogan Group Equity Research.
EURGBP has surged higher and recent price action looks like the right-hand shoulder of an inverse head-and-shoulders base, according to David Sneddon and his team at Credit Suisse in London.