While China and Japan remain the strongest equity markets based on their long-term trends, the overall message from Robin Griffiths and Ron William is “own gold, sell equities“.
The 3,000 level has held for the S&P 500 and the market remains in neutral, but Frank Cappelleri believes a resolution, one way or the other, will come in July.
Andy Dodd, Head of Technical Research at Louis Capital Markets, explains why US and European equities and looking bearish in the long-term.
Position size and risk management are particularly important for trading the S&P 500 right now, according to Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
For the first time since turning bullish in March the pathway forwards for the S&P 500 has become less clear, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
Robin Griffiths and Ron William warn of similarities between today’s equity market and the 1929 Wall Street Crash in their latest report for RW Advisory.
The S&P 500 may be close to beginning a consolidation phase, says David Sneddon and his team at Credit Suisse in London.
Last week’s closing break above the 200-day moving average and above the psychologically-important 3000 area suggests the next leg higher for the S&P 500 has begun, according to Tony Sycamore at TECHFX TRADERS.
The NASDAQ has broken above a short-term downtrend channel, suggesting it will reach new highs imminently, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
A breakout may usher in a new leg up for the iShares Nasdaq Biotechnology ETF, says Frank Cappelleri, Chief Market Technician at Instinet.