Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Access both platforms from your single Saxo account.
Technical Update - Nasdaq 100 and SP 500 bullish Thanksgiving market. Will it continue or be cut short?
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
Summary: The week leading up the the Thanksgiving week is often bullish for stocks. The week has started out well but Nvidia Earnings announcement today after market hours can put a damper on the party - or fuel it further
USNAS100 and US500 cfd's in the analysis
Nasdaq 100 closed yesterday above 16K thus taking out the July peak.
RSI is showing positive sentiment with no divergence indicating likely higher Index levels. A short term peak could be around the 1.618 projection at 16,122 possibly at the 1.764 projection at 16,308
However, there is no resistance until the all-time high at 16,765 from November 2021.
A negative surprise from Nvidia Earnings announcement today after market can initiate a correction in Nasdaq 100 – and S&P 500 for that matter.
Unless it is a massive negative surprise the earnings announcement is likely to just initiate a correction in both Nasdaq 100 and S&P 500 before uptrend is resumed.
To reverse the bullish trend a close below 15,171 is needed. First indication of that scenario to play out would most likely be a close of the gap i.e., a close below 15,535
USNAS100 cfd. Testing July peak level from the upper side. A close below is likely to initiate a correction down to around 15,525, possibly lower to 15,350
Uptrend will be intact until a close below 15,138 S&P 500 is testing resistance at around 4,550 just shy of July peak at around 4,607. RSI is above 70 i.e., indicating uptrend is a bit stretched but is likely to continue higher.
A close above 4,550 is likely to lead the Index to take out the July peak. A close above 4,607 will mean there is no resistance until all-time highs around 4,818
A rejection could send S&P 500 back to test the Gap area. If the gap is closed i.e., a close below 4,415 the bullish scenario is in jeopardy. A close below 4,343 will reverse the uptrend.
US500 cfd closed above resistance at 4,540. Strong resistance at around 4,607. A minor correction could be seen possibly down to around 4,466 or even 4,400
Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Commodity Outlook: Commodities rally despite global uncertainty
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
Upending the global order at blinding speed
John J. Hardy
Global Head of Macro Strategy
We are witnessing a once-in-a-lifetime shredding of the global order. As the new order takes shape, ... -
Quarterly Outlook
Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever
Jacob Falkencrone
Global Head of Investment Strategy
-
Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Macro Strategy
-
Quarterly Outlook
Equity Outlook: The ride just got rougher
Charu Chanana
Chief Investment Strategist
-
Quarterly Outlook
China Outlook: The choice between retaliation or de-escalation
Charu Chanana
Chief Investment Strategist
-
Quarterly Outlook
Commodity Outlook: A bumpy road ahead calls for diversification
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
FX outlook: Tariffs drive USD strength, until...?
John J. Hardy
Global Head of Macro Strategy
-
Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy