Breadth is not making new lows
There continues to be a lack of volume on the S&P 500’s downtrend, says Terence Brogan, Co-Head Market Technician at Brogan Group Equity Research.
Multi-Asset
Award-winning improvement to MACD
A new paper that deals with the shortcomings of the Moving Average Convergence Divergence indicator (MACD) has won both the CMT Association’s Charles H. Dow Award for outstanding research in technical analysis and the National Association of Active Investment Manager’s Founders Award for advances in active investment management.
Bullish contrarian signal on equities
Investor sentiment has reached extreme weakness suggesting US equities will soon rally, according to Marco Kolanovic and his Global Markets Strategy team at J.P.Morgan.
US equities under pressure
US equity markets are under pressure and this leaves the Tech sector and Small Caps retesting their lows for the year, says David Sneddon and his team at Credit Suisse in London.
USD/CNH reverses a year-long downtrend
USD/CNH is turning bullish, according to George Davis, Chief Technical Strategist at RBC Capital Markets.
Major accumulation in Energy and Aerospace
Breadth metrics show the Energy, Aerospace and Semiconductor industries are the most bullish sectors of the stock market and momentum is likely to send prices higher still, according to Terence Brogan, Co-Head Market Technician at Brogan Group Equity Research.
EURGBP close to completing a base
EURGBP has surged higher and recent price action looks like the right-hand shoulder of an inverse head-and-shoulders base, according to David Sneddon and his team at Credit Suisse in London.
Money flow buy signal for Bitcoin
Bitcoin has confirmed a buy signal and is targeting its 200-day moving average, according to Brogan Group Equity Research.
China: key support level wiped out
Key price support for MSCI China has been removed with ease suggesting a large top has been established, according to David Sneddon and his team at Credit Suisse in London.
In gold we trust
Gold is targetting a new record high at 2400, according to Ron William, director of RW Advisory.