NASDAQ nears critical level
The NASDAQ future is nearing its all-time high and current levels may not offer the best entry point for new longs, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Multi-Asset
Soybean compression
The trading range for Soybeans has shrunk to an extreme low and James Dima, technical analyst at Marex Spectron, thinks this means that a large move is pending.
FTSE continues rally despite Brexit
The uptrend in the FTSE that began in December 2017 is set to continue despite Brexit worries say the technical analyst team, headed by David Sneddon, at Credit Suisse.
Liquidity explains S&P volatility
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.
Software leads US market
Frank Cappelleri, Chief Market Technician at Instinet, thinks that Software stocks are the ‘true’ market leaders for US equities.
European banks on the rise
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.
USDRUB turns bearish
USDRUB has breached key support and is heading towards the 60.00 area, say David Sneddon, Pascal Zingg and James Gilbert at Credit Suisse in London.
S&P is overbought
The S&P 500 is overbought and bearish divergences are appearing, says Robert Colby, Chief Investment Strategist at Robert W. Colby Asset Management.
EURUSD re-establishes range
EURUSD’s recovery and consolidation above 1.1300/20 confirms the decline to the 1.1176 low was a false break, according to Tony Sycamore, at TECHFX TRADERS.
DJIA targets 200-day MA
The Dow Jones Industrial Average is targeting its 200-day moving average at 25,125, according to James Dima, technical analyst at Marex Spectron.