End of coverage

From 2nd January 2024, we will no longer include in our research universe:Telecom ItaliaOrangeDeutsche TelekomTelefonica

Vermilion Compass: Weekly Equity Strategy

Favor Defensives as S&P 500 Tests 4165-4200 The S&P 500 is approaching the 4165-4200 area; we continue to believe this will cap upside in 2023, but we also acknowledge that a move to 4300-4325 is possible... see chart below. Considering limited upside in both scenarios, we continue to recommend shifting to defensives, particularly Health Care (XLV), Utilities (RYU, XLU), Consumer Staples (XLP), and precious metals miners (GDX). Index Overview. Downside targets for the S&P 500 continue to be at the December 2022 lows (3765) and/or the 2022 lows (3490). The Dow Jones Industrial Average (DJIA) ...

Bryan, Garnier & Co Technology Daily | ETL, SESFd, SOP, TEF, TELCO, SEMIS

Short term view - GBP-CHF : The major resistance is close.

The trend remains neutral. Prices will have to break above the peak at CHF 1.3104 for the trend to be positive again with an invalidation level below CHF 1.2740.Arguments :- The major resistance is close.- The moving average is capping prices.

Analyse court terme - GBP-CHF : La résistance majeure est proche.

La tendance est toujours neutre. Il faut franchir le sommet à 1,3104 CHF pour que la tendance devienne positive avec une invalidation sous 1,2740 CHF.Arguments :- La résistance majeure est proche.- La moyenne mobile sert de résistance.

Short term view - GBP-USD : Pull-back

The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain below the invalidation level at $1.3210. It can resume at anytime towards the target at $1.2600.Arguments :- Prices are pulling back to the major resistance level (previously a support). The fall will resume afterwards.- The falling moving average confirms our opinion.