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.
Frank Cappelleri, Chief Market Technician at Instinet, thinks that Software stocks are the ‘true’ market leaders for US equities.
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.
The S&P 500 is overbought and bearish divergences are appearing, says Robert Colby, Chief Investment Strategist at Robert W. Colby Asset Management.
The Dow Jones Industrial Average is targeting its 200-day moving average at 25,125, according to James Dima, technical analyst at Marex Spectron.
Despite the recent rally in the DAX, Andy Dodd, Head of Technical Research at Louis Capital Markets, remains bearish for German equities.
On Friday the S&P 500 broke above its 200-day moving average following a move above its 50-day MA in January.
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.
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.
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.