Buyers pushing HSBC towards its price target of $34.96; currently at $35.1

• Buoyed by a strong session amid an uptrend, HSBC is 14 cents away from testing key resistance at $34.96
• KB Financial has just crossed the lower Bollinger Band® at $35.61, indicating further losses could be forthcoming.

Trend and momentum analysis indicates that Brown & Brown, Inc.'s CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Analysis based on the asset volatility indicates that the upper Bollinger Band® of Brown & Brown is at $58.88. A study of Brown & Brown's historical price actions shows Brown & Brown's run now faces a challenge at $58, which is only 62 cents away and will be interesting to follow.

For the time being, Brown & Brown remains flat without a clear direction.

HSBC Holdings's run now faces a challenge at $34.96, which is only 14 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. HSBC Holdings's upper Bollinger Band® is now at $35.5.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest HSBC is set for a reversal in the coming days.

KB Financial's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. KB Financial has just crossed the lower Bollinger Band® at $35.61, indicating further losses could be forthcoming.

In the short term, KB Financial is expected to maintain its recent downtrend and continue spiralling lower.

AMG's bearish trend is facing a possible turning point at $135.98, which is only $1.41 away. Will be interesting to follow. AMG's lower Bollinger Band® is now at $132.68.

Despite muted price action in AMG, chart analysis indicates it is positioned for a bullish run in the short term.

Fundamental indicators – United States Initial Jobless Claims released earlier showed a marked improvement to 228,000 from the preceding data of 246,000, but fell short of the 200,000 figure forecast by a consensus of market analysts.

Upcoming fundamentals: United States Non Farm Payrolls projected to decline to 239,000 while previous data was 311,000; data will be released tomorrow at 12:30 UTC.