Downside risk as S&P breaks above 200-day MA
On Friday the S&P 500 broke above its 200-day moving average following a move above its 50-day MA in January.
Equities
Pullback for FTSE
Whilst the FTSE 100 rally has stalled recently, Andy Dodd at Louis Capital Markets expects it to resume once the market pulls back to near 6927.
S&P completes correction?
Tony Sycamore, Director of Australia-based TECHFX TRADERS, thinks the S&P 500 has completed its correction and the medium-term outlook is now bullish.
Challenge ahead for Hang Seng
A bullish chart pattern has completed on the Hang Seng Index but tough resistance remains not far above current levels, say David Sneddon and his team at Credit Suisse in London.
More upside for Euro banks
Following a strong price move on Friday, European banks look set for further gains, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Is the rally in equities a correction?
The S&P has rallied strongly since Boxing Day, rebounding from its most oversold extreme since 2011, but George Davis at RBC Capital Markets asks whether the rally is just a bear market correction.
DAX: Sell rallies to neckline?
A medium-term target of 9799 in still in place for the DAX though more upside is possible in the short-term, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Oversold rates may provide firepower for S&P
US 10 year yields are extremely oversold and this may give the S&P an opportunity for a fresh bull run, says Frank Cappelleri, Chief Market Technician at Instinet.
China starts 2019 poorly
The Hang Seng China Enterprise Index has broken through key support and will likely target 9882 and possibly much lower, according to David Sneddon, Pascal Zingg and James Gilbert at Credit Suisse in London.
S&P: Head & shoulders top confirmed
The S&P500’s close below 2604 has confirmed a head-and-shoulders top, say analysts at Credit Suisse.