Robert Colby, Chief Investment Strategist at Robert W. Colby Asset Management, sets out the technical environment for US equities at the beginning of 2020.
The Shanghai Composite is on the cusp of forming a base, according to David Sneddon and his team at Credit Suisse, and a recovering China will be the catalyst for a phase of emerging market outperformance.
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.
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.
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.
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.
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.
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.
Frank Cappelleri, Chief Market Technician at Instinet, examines S&P seasonality and asks whether the market is likely to rally in November and December.
Ominous signs are gathering for the FTSE 250, says Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.