The market rise continues: where will it end? I buy in Piazza Affari and Wall Street

The rise in the markets continues and optimism is rampant. US-China agreement on the doors?

Piazza Affari

The closure of the markets leaves no doubt. Piazza Affari remains positive at + 0.23%. The spread, ie the spread between Italian Bunds and Italian BTPs, falls to 142.8 instead of 144.8 yesterday. The yield on the 10-year government bond reaches 1.111%.

The rest of the Old Continent

Same music also in the rest of the Old Continent. In France the Cac 40 reaches 0.39%, the Dax of Frankfurt marks 0.09% and the Ftse 100 in London reaches 0.25%.

Wall Street

Wall Street also did well although the S&P 500 just before the 18 did not outperform the barrier of the minus sign and remained negative by 0.10%. Both the Dow ce and the Nasdaq were better at both 0.12% in positive territory.

The latest recommendations to Piazza Affari

Many buy by Hsbc that recommends to buy Fca with a goal of 18.20 euros always in view of the merger with Psa. For Kepler Cheuvreux, on the other hand, the buy joins a target of 18 euros. Societe Generale instead focuses on STM t.p (26.52 euros) while Barclays judges overweight Tenaris with a price of 13.50 euros.

The latest recommendations on Wall Street

For Wall Street many interesting titles under the lens of the experts. Amgen Inc. is worth an overweight to Cantor Fitzgerald with a target price of $ 255 from $ 230. Interesting is the case of Beyond Meat Inc. Outperform and no longer Market Perform the rating of Bernstein that promotes the company while maintaining the target of $ 106. Ferrari NV is was kept neutral by JPMorgan, but the target price was raised to $ 162 from the previous $ 156. Also Credit Suisse optimistic that reiterated its Outperform rating and raised its target to $ 205 from $ 185.

The most important events expected in Wednesday's economic calendar

Among the macro data to be reported tomorrow on Europe, Germany remains in the foreground with its orders to industry in September. October PMI data and September retail sales numbers are important for Europe. Washington will instead see results on weekly requests for mortgages and weekly oil stocks.

The market rise continues: where will it end?

Our annual projections continue to point to the maximum levels towards the end of December and at the moment there are no elements of swing to change our map.

For the short term, we arrived in the monthly maximum area and we are close to the annual 8 November setup. The odds are for a 3/5% retracement that can start this week.

What will start a short-term bearish reversal tomorrow?

Daily closures lower than

S&P 500

3,074

Dax Future

13,105

Eurostoxx Future

3,654

Ftse Mib Future

23,240.

Closures above these levels will continue the upside. As usual, those who control the trend and a forecast remain so unless confirmed by the current trend.