OUTLOOK: Price Signal Summary - Resistance In Bunds Remains Intact For Now
Feb-26 12:22
- In the FI space, recent gains in Bund futures still appear corrective - for now. The contract has traded through the 20-day EMA and attention is on key short-term resistance at 132.97, the Feb 13 high. Clearance of this level would signal a reversal. On the downside, the short-term bear trigger has been defined at 131.26, the Feb 19 low. A break of this support would resume the bear cycle that started Feb 5.
- A bull cycle in Gilt futures remains intact and the latest pullback appears corrective - for now. The contract traded higher Tuesday and attention is on resistance at 93.39, the Feb 13 high. It has been pierced, a clear break would open 93.83, the high on Feb 6 and a bull trigger. On the downside, key short-term support has been defined at 91.79, the Feb 20 low. Clearance of this level would strengthen a bear threat.
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OUTLOOK: Price Signal Summary - Short-Term Bull Cycle In Gilts Remains Intact
Jan-27 12:20
- In the FI space, the pullback from recent highs in Bund futures appears corrective and a short-term bull cycle is in play for now. The Jan 15 rally highlighted a reversal signal - a bullish engulfing candle. It continues to suggest scope for a corrective phase that is allowing an oversold trend condition to unwind. Sights are on 132.15, the 20-day EMA. A clear breach of the average would strengthen the bullish theme. The bear trigger is at 130.28, the Jan 15 low. Initial support lies at 131.00, the Jan 16 / 24 low.
- The medium-term trend condition in Gilt futures remains bearish. However, recent gains continue to highlight a corrective phase and signal scope for a continuation higher near-term. The focus is on 92.75, the 50.0% retracement of the Dec 3 - Jan 13 bear leg. Initial support is at 91.10, the Jan 20 low.
EQUITIES: 32% of The S&P 500 Set to Report This Week
Jan-27 12:13
Executive Summary:
- 31.6% of the S&P 500's market cap set to report earnings this week
- Highlights this week include Microsoft, Meta Platforms, Tesla Apple and Visa
- Tech names in particular focus given their exposure to AI spending, and Monday's equity price weakness
Full schedule including EPS, revenue expectations and timings here: MNIUSEARNINGS270125.pdf
SONIA: Large Call Fly seller
Jan-27 12:03
0NM5 96.10/96.30/96.50c fly, sold at 2 in 16k.
