EUSTX50 Top-Down Analysis Shows a Potential Slowing in Trend
Even though EUSTX50's primary trend is up, the intermediate trend does show signs of slowing.
Page 33 of 70
Even though EUSTX50's primary trend is up, the intermediate trend does show signs of slowing.
The tech giant reported its highest net income in over a year, boosted by cost saving efforts, while offering upbeat revenue guidance, helped by strong Prime Day sales
There was uncertainty regarding GOOG.us financials with an initial negative perception about a slump in its digital ad market and its potential use of artificial intelligence. However, it released its Q2 earnings on 25 July, which showed that revenue had grown by 7% to $74.6bn. Its ad revenue grew by a modest 3.3% from a year before but was an improvement over Q1. Search revenue, which is most of its…
After the collapse of 2022, the social media giant turned things around with a series of initiatives and the stock benefits with a nine-month profitable streak – the longest since its 2012 IPO
Recently the Dow Jones Industrial Average and the Dow Jones Transportation Average have both charted 52-week highs. According to Dow Theory this is a promising outlook for a wider bull market. This strategy has a strong historical track record in identifying primary trends in stocks.
Last week I wrote how the GER30 was setting up to tackle its overhead resistance once again. The 16,300-16,400 levels were hit four times since mid-November 2021 and each time price was repelled. However, this time there are signs that the bulls may overpower the key level.
Watch today’s US Open for insights on the latest policy decisions by the US Fed and its European counterpart (ECB), the strong quarterly results by social media giant Meta Platforms and more
The Facebook-parent company has been on a roll this year, with cost-cutting measures, renewed attention to AI and launch of a new platform and Wednesday’s Q2 results reinforced this narrative
The two rivals in the Artificial Intelligence (AI) arena reported overall strong results on Tuesday, although Microsoft’s forward guidance disappointed markets
After a losing week, NAS100 is subdued as markets brace for the Fed and earnings from tech giants Alphabet, Microsoft and Facebook-parent Meta Platforms
The GER30 is preparing to attack overhead resistance.
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.