Lucid Stock Dropped After SEC Subpoena
The stock started the week with losses, following the news that it had received a subpoena by the US Securities and Exchange Commission (SEC)
The stock started the week with losses, following the news that it had received a subpoena by the US Securities and Exchange Commission (SEC)
US30 FXCM's Dow Industrials proxy, the US30, is showing signs of support. The green short moving average is above the slower orange moving average (blue rectangle). The stochastic is also showing a growing momentum and has moved above 80 (aqua arrow). The longer the stochastic stays in this area the great the likelihood of a swing movement in the US30. Past Performance: Past Performance is not an indicator of future…
Particpation Rate Friday's headline NFP disappointed at 210K, missing the consensus of 553K by a large margin. However, of importance, the participation rate ticked up to 61.8%. The series represents the number of the labour force which are either employed or actively seeking employment. This is encouraging as the participation rate has been moving sideways since July 2020 and the upwards movement suggests less discouraged workers and more positivity amongst…
Stock Price Performance Amazon has been a star performer over the last five years. The holding period return is an astounding 330%, from $790 to the current price of $3,400. The yearly returns are as follows: 2017: 53% 2018: 28% 2019: 14% 2020: 72% 2021*: 5% Past Performance: Past Performance is not an indicator of future results. Return on Equity During this period, the company increased its return on equity…
The US Federal Trade Commission (FTC) sued on Thursday, to block Nvidia Corp.’s $40 billion acquisition of U.K. chip designer Arm Ltd
Daily Chart Further to our previous article, XAUUSD's daily chart has turned bearish. The mid orange moving average has crossed below the longer red moving average (aqua ellipse). This puts the moving averages into a bearish formation. The stochastic is also in the lower quintile, suggesting an underlying bearish momentum. The longer the stochastic maintains this position, the greater the probability for lower prices ahead. If the longer red moving…
According to Bloomberg, Apple Inc (AAPL) has told its suppliers that demand for its iPhone13 has slowed. The company cut production by as many as 10m units due to the global chip shortage. However, the remaining orders are now also under pressure, given this slump. The holiday season is Apple's biggest quarter. Given these developments, turnover will become a key focus for short-term prospects. We ran a Monte Carlo discounted…
Featured Image by 3D Animation Production Company from Pixabay
Weekly Chart The NAS100 weekly chart retains its bullish bias. The shorter-term green moving average is above the mid-term orange moving average, and the mid-term orange moving average is above the longer-term red moving average. This is a bullish formation. Since shortly after the pandemic lows, the index stochastic has also oscillated around its 70th percentile (aqua rectangle), suggesting the presence of underlying bullish momentum. This matched with index appreciation…
The US index registered a considerable rebound on Monday as risk tones normalized, but today sentiment takes another nosedive, sending US30 lower
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