Stock Market

Watch today’s US Open for insights on the Hamas-Israel conflict and its impact on oil prices, timid Fed speak that helps Wall Street, the new earnings season and more

In a previous article we suggested that the NAS100 had a downtrend bias to it. Price action has evolved to a point where it seems that a descending triangle (green trendlines) has charted on the weekly time frame. Assuming this to be the case, a breakout or breakdown from the pattern will have bullish or bearish implications.

The flare up in Middle East violence sparked risk-off mood, but SPX500 overcomes it, with the help of dovish Fed commentary, as markets now turn to the new earnings season and the inflation update

JPMorgan Chase & Co. (JPM.us) is set to lead the charge as the third quarter earnings season for the banking sector commences on October 13th, right before the market's opening bell. Joining the ranks on the same day are Citigroup Inc. (C.us) and Wells Fargo & Co. (WFC.us), who will also unveil their financial results.

Oil prices rise and stocks of energy giants get a boost, while those of major airliners drop, after Palestinian group Hamas launched a multi-pronged attack on Israel, reigniting conflicts in the Middle East

On Thursday Tesla (TSLA.us) cut its prices on its Model 3 and Model Y vehicles in the US.

Netflix is planning to raise prices when the current actors strike ends. The Wall Street Journal reported on Tuesday that the company will raise the price of its ad-free streaming tier at the conclusion of the strike. The amount of the increase is as yet undecided but is likely to be similar to competitor pricing. This comes off the back of Netflix focusing on initiatives such as the ad free…

German footwear brand Birkenstock gears up for its debut on the New York Stock Exchange, in another high-profile IPO, not long after it was featured in the blockbuster Barbie movie

Rivian (RIVN.us) has given disappointing guidance and wants to raise more funds by issuing convertible notes.

According to Mizuho, Coinbase’s Q3 earnings may be under pressure. The reason being that interest in cryptocurrencies has waned, which is likely reflected in trading volumes on the crypto platform. The analysts at Mizuho suggest volumes from July through September was at $72bn, which is lower than their previous estimate of $88bn. Mizuho maintains an underperform rating with a price target of $27 per share.

Apple (AAPL.us) has charted a lower peak followed by a lower trough on its weekly chart. This puts Apple into a defined downtrend here. Of concern, Apple’s candlesticks are trading below its black 30-week EMA, and it looks as if the EMA is turning down. Moreover, the weekly RSI is below 50 (green rectangle). This is the bearish side of the indicator and suggests that an underlying bearish momentum is…