Single stocks
EasyJet: Chart suggests support is coming in. Technically, favouring a range-trade
Rolls Royce: Saw 4 profit warnings. Technically, charts show a gap to the downside, might see a dead cat bounce
SSE (L:SSE) : Technically, remains in the buying zone
Royal Mail: Gap through 200DMA, Back to 5GBP and higher while above this
Lloyds: Support at 72p, Current levels serve as an easy entry point for investors
OMI: Bear trap below 50 DMA, could get back towards 10p
WSG: V shaped bull flag, Upside target at 20p
The major indices: S&P 500, DAX, FTSE, Nikkei, Shanghai Composite
Batsford highlights Colin Twiggs who infer the following:
S&P 500: Posted two strong bullish candles suggesting that the correction is now over, expect resistance at around 2130
DAX: Testing the psychological resistance at 11K, breaking above this will be bullish for 12,400
FTSE 100: Lot weaker, support at 6100
Shanghai Composite: Testing new support at 3500, breach would open up 3000
Nikkei: Respected 19k support, confirming another test of resistance at 21k
FOMC Minutes: Dollar bulls disappointed
Batsford highlights FXStreet, who view that the non-event FOMC minutes disappointed the USD bulls but kept the December rate hike bets unchanged.
On the EUR/USD, they note that the cross requires a move above the 50DMA to go bullish, and could even see a corrective rally towards 1.0824as we head into the ECB meeting.
Hubard notes that the probability of a December hike stood at 75% before the FOMC minutes, and has climbed to 80%. With a Press conference schedule after the December meeting, Hubard believes that the Fed has boxed itself in.