Egypt’s line in the sand
All eyes are on the 12k line of Egypt’s EGX30, according to Ron William, director at RW Advisory.
Equities
Uptrend intact for MSCI World
The MSCI World Index has left a series of higher lows on each of its recent pullbacks, which Andy Dodd, Head of Technical Research at Louis Capital Markets, says indicates the uptrend is still intact.
Bullish developments for S&P
A bullish pattern on the S&P 500 has been triggered, says Frank Cappelleri, Chief Market Technician at Instinet.
Market breadth is deteriorating
Significantly fewer stocks participated in the last S&P rally, warns Andy Dodd, Head of Technical Research at Louis Capital Markets.
FTSE 100 stays vulnerable
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.
Bullish outlook for European utilities
Andy Dodd, Head of Technical Research at Louis Capital Markets, gives his technical outlook for seven European equity sectors.
Nasdaq: risk of major downturn
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.
S&P: Value to outperform
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.
Stronger footing for S&P
The bull theme is intact for the S&P 500, at least in the short-term, according to Steve Miley, CEO of Market Chartist.
S&P: Bearish side of neutral
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.