Previous reports
Energy complex at a breakout point?
Crude oil and Dutch natural gas signal a potential larger uptrend phase, while bond yields trend higher and most major stock indices navigate mature uptrends..
Consolidation, complacency, and the risk of a melt-up
Global stock markets remain within broadly constructive longer term uptrends, but increasingly mature bull markets are showing signs of consolidation and investor complacency. While we continue to favour further gains in several major markets, the near-term picture has become less clear-cut. Could the next move be another leg higher - or even a late-stage melt-up - or are some markets becoming increasingly vulnerable to a more meaningful correction?
Stock market divergence takes center stage
While the S&P 500 continues to consolidate within a constructive long-term uptrend, technology leadership has deteriorated sharply.The Nasdaq 100 has entered a more meaningful correction, China's technical outlook has weakened further, and markets are becoming increasingly selective. This report identifies the key support and resistance levels that will determine whether recent weakness proves temporary or marks the beginning of a broader trend reversal.
