Market Rhythm

EFG's technical commentary highlights continued strength in the Nasdaq 100 and a major breakout in Emerging Markets, with a specific focus on software stocks outperforming broader indices. FX analysis suggests the US Dollar is testing critical support against the Swiss Franc.

Key Takeaways

• 1.The Nasdaq 100 remains in a strong uptrend with support at the 10-day moving average, though a potential evening star pattern warrants attention.
• 2.Software and Services stocks show significant technical strength, breaking above a downtrend that had been in place since October.
• 3.Emerging Markets are successfully holding their levels following a massive multi-decade technical breakout earlier this year.

Table of Contents

• Technical Analysis
• Global Markets
• Market Rhythm
• Equities & Other
• FX & Precious Metals
• Disclaimer

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