NASDAQ nears critical level
The NASDAQ future is nearing its all-time high and current levels may not offer the best entry point for new longs, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Equities
FTSE continues rally despite Brexit
The uptrend in the FTSE that began in December 2017 is set to continue despite Brexit worries say the technical analyst team, headed by David Sneddon, at Credit Suisse.
Liquidity explains S&P volatility
Marko Kolanovic and Bram Kaplan from J.P.Morgan ask why the Q4 2018 sell-off and subsequent Q1 2019 rally in the S&P 500 was so violent. Their answer suggests there is plenty of scope for the S&P to go higher.
Software leads US market
Frank Cappelleri, Chief Market Technician at Instinet, thinks that Software stocks are the ‘true’ market leaders for US equities.
European banks on the rise
The EURO STOXX Banks index (SX7E) is continuing its rally off the neckline of an inverse head-and-shoulders pattern with no clear resistance in sight until beyond 100.00, according to Andy Dodd at Louis Capital Markets.
S&P is overbought
The S&P 500 is overbought and bearish divergences are appearing, says Robert Colby, Chief Investment Strategist at Robert W. Colby Asset Management.
DJIA targets 200-day MA
The Dow Jones Industrial Average is targeting its 200-day moving average at 25,125, according to James Dima, technical analyst at Marex Spectron.
Bearish signs for DAX
Despite the recent rally in the DAX, Andy Dodd, Head of Technical Research at Louis Capital Markets, remains bearish for German equities.
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.
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.