Election boost for FTSE 250
The result of the UK election has acted as a catalyst for a further sharp improvement in UK assets, according to David Sneddon and his team at Credit Suisse in London.
Equities
S&P heading towards 200-day MA
The S&P 500 has broken below its 20-day moving average and will likely test the 200-day moving average next, according to James Dima, technical analyst at Marex Spectron.
Bearish reversal for Bouygues
A Double Top is in play for Bouygues (EN FP), the French construction, telecoms and media group, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
What will stop the S&P uptrend?
The S&P 500 ended last week at its highest close at 3,120.46, but Frank Cappelleri, Chief Market Technician at Instinet, thinks we should be on the lookout for a significant downturn.
DAX rally stalls
Oscillators show a clear reversal in short-term momentum for the DAX as the RSI moves down out of ‘overbought’ territory and MACD goes below its signal line.
Correction expected for S&P
US stock market sentiment shows a high degree of bullish optimism, indicating a significant probability of a price pull-back for the short-term, according to Robert Colby at Robert W. Colby Asset Management.
4th quarter boost for S&P?
Frank Cappelleri, Chief Market Technician at Instinet, examines S&P seasonality and asks whether the market is likely to rally in November and December.
Topping risk for FTSE 250
Ominous signs are gathering for the FTSE 250, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
Egypt’s line in the sand
All eyes are on the 12k line of Egypt’s EGX30, according to Ron William, director at RW Advisory.
Uptrend intact for MSCI World
The MSCI World Index has left a series of higher lows on each of its recent pullbacks, which Andy Dodd, Head of Technical Research at Louis Capital Markets, says indicates the uptrend is still intact.