US30 Upbeat After Last Week’s Poor Performance
The index starts this holiday-shortened week on the front foot, after two straight losing weeks that were mostly fueled by Fed tightening expectations and Friday’s broader risk aversion
Page 69 of 73
The index starts this holiday-shortened week on the front foot, after two straight losing weeks that were mostly fueled by Fed tightening expectations and Friday’s broader risk aversion
The technology giant, that is mostly known for its gaming graphics cards, released solid financial results [fn ref="1"] on Wednesday November 17, after US markets closed
The Walt Disney Company had announced its quarterly financial results for Q4 FY 2021 a week ago and markets were highly disappointed, causing the stock to collapse
Past performance is not an indicator of future results Further to our previous article, the NAS100 moved positively back into the daily chart's bullish area, between the lower blue and lower red bands. Moreover, the current daily RSI still has room to move before registering as overbought. Given this strength, the hourly trend-following indicators are in a bullish formation, with the shorter-term green EMA above the longer-term orange EMA. Our…
Past performance is not an indicator of future results The SPX500 reacted positively to yesterday's retail number, which beat consensus. Core Retail Sales came in at 1.7%, ahead of the 1% expected. The index was faded towards the market close and then traded down in the Asian session. However, SPX500 strength is maintained with the daily chart (left) in the bullish area between the upper blue and upper red bands.…
Past performance is not an indicator of future results Source: www.tradingview.com Salesforce released its Q2 earnings on 25 August. This marks an important inflection point (dashed blue vertical) on the company's price chart. For most of 2021, the stock moved sideways, as did its volume (red dashed horizontal). The lower chart shows the OBV indicator, which shoots upwards, following the Q2 earnings release, as the price takes off. Past performance…
One of the hottest startups in the Electric Vehicle (EV) arena announced solid quarterly results on Monday, after US markets closed
In this article: 1. University of Michigan consumer survey misses consensus. 2. US consumers are gloomy. 3. Inflation is rampant. 4. The Fed may have to pivot on policy. Friday's preliminary consumer sentiment reading from the Univesity of Michigan was sobering. US consumers are hurting. Last month's print was 71.7, and 72.5 was the consensus for Friday's number - it came in at a paltry 66.8. Faced with the prospects…
Past performance is not an indicator of future results Previously we suggested that the NAS100 was in a good position for participants to start banking profits. Since then the index has pullback and the overbought condition has normalised. The left chart shows the NAS100 daily. It is trading on the border between the bullish and neutral areas. The hourly chart is on the right. A bullish EMA crossover and stochastic…
This week featured financial results and other news from high-profile companies, as well as big stock moves, with Disney’s post-earnings plunge standing out
The MSFT weekly chart is overbought (blue rectangle). At some stage, the RSI will need to normalise. However, weekly conditions are tricky because it may take weeks or even months before correcting. The last overbought condition took two months before clearing (blue verticals). The stochastic has also been showing tremendous strength and has been in the upper region since mid-June (red rectangle). Past Performance: Past Performance is not an indicator…
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.