A bullish pattern on the S&P 500 has been triggered, says Frank Cappelleri, Chief Market Technician at Instinet.
Significantly fewer stocks participated in the last S&P rally, warns Andy Dodd, Head of Technical Research at Louis Capital Markets.
Global geopolitical pressures and Brexit continue to weigh on UK stocks and Steve Miley, CEO of Market Chartist, sees downside risk for the FTSE 100.
Andy Dodd, Head of Technical Research at Louis Capital Markets, gives his technical outlook for seven European equity sectors.
A deteriorating volume picture combined with recent price action raises the risk of an important downturn for the Nasdaq, according to David Sneddon and his team at Credit Suisse in London.
The S&P Growth/Value Ratio is likely to undergo a short-term bounce but in the longer-term Value should outperform Growth, according to David Sneddon and his team at Credit Suisse in London.
The bull theme is intact for the S&P 500, at least in the short-term, according to Steve Miley, CEO of Market Chartist.
The S&P 500 remains range-bound and will likely fall back towards key support at 2824.25, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
In the latest Global Markets Report from Robert Colby Asset Management, they highlight that the recently inverted US yield curve not only historically signals a forthcoming recession, but also a falling stock market in anticipation of a recession.
FTSE’s breakdown below key support levels suggests an intermediate-term shift to bearish has occurred, says Steve Miley, CEO of Market Chartist.