Calm before the storm
Ron William, director at RW Advisory, looks at the US election’s impact on the markets. He sees key targets being back in play.
Equities
S&P overextended?
Long-term bullish targets are still in play for the S&P 500 though it may be overextended in the short-term, according to Frank Cappelleri, Chief Market Technician at Instinet.
Top forming for Growth/Value ratio
The US Growth/Value ratio is at a critical juncture, according to David Sneddon and his team at Credit Suisse in London.
S&P stretched but still bullish
The S&P remains in a short-term uptrend channel with momentum having picked up after it broke above 3392.5 on 24 August, according to Andy Dodd at Louis Capital Markets at Louis Capital Markets.
Markets wobble but won’t fall down
George Davis at RBC Capital Markets says a shift in the risk backdrop may be at hand, which would usher in a corrective period, but one key technical ingredient is missing: confirmation of trend changes and reversal patterns.
Short-term clouds for NASDAQ
The NASDAQ is looking bearish in the short-term, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Lower targets emerging for FTSE
The FTSE 100 has completed a top and will likely begin a concerted move lower, according to David Sneddon and his team at Credit Suisse in London.
Indecision continues for S&P
There is still no clear indication where the S&P 500 is going next, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
US equity markets diverge
There are more technical reasons to think the S&P 500 will advance than fall, according to Frank Cappelleri, Chief Market Technician at Instinet.
FTSE at turning point?
The FTSE is testing its short-term uptrend channel which if broken would usher in a sustained move lower, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.