Stock Market

TSLA.us is up 145% since its January low. The stock is benefiting from enthusiasm around tax credits, its charging network, and the Cybertruck.

Netflix has moved passed its accumulation phase into a mark-up phase. It is trading above its black 200-day simple moving average, and, importantly, the SMA is pointing up. We have added On Balance Volume (OBV) as the indicator underneath the price chart. Volume is a measure of supply and demand. In this case both the price and OBV are coordinated and trending up. According to OBV theory, this connotes that…

The SPX500 is trading more than 20% from its October low. It is generally considered that a 20% increase off a recent low suggests a bull market, whilst a 20% decline connotes a bear market. This definition may be considered loose, and filters need to be applied so that whipsaws do not continuously swing it between bull and bear market. E.g., typically, another 10% move in the opposite direction is…

The NAS100 is a growth index and is generally sensitive to interest rates. There are concerns that the Federal Reserve will keep borrowing costs higher for longer and this is currently impacting the index.

The iPhone maker unveiled on Monday its long-rumored mixed reality goggles, the first major new product announcement, entering a market occupied mostly by Facebook-parent Meta and its Metaverse

The weekly NAS100 has charted a series of higher troughs followed by higher peaks. This puts the index into an uptrend.

The US2000 tracks the performance of 2,000 small-cap US stocks. It is generally a more volatile index, as smaller companies have more limited access to financial resources than big companies. Many view the US2000 as a barometer of the US economy, due to its sensitivity to macroeconomics. Thus, its underperformance is worrisome.

The chip designer’s stock surged on Thursday, after the quarterly results showed strong demand for its Artificial Intelligence-related products, lifting the tech sector, despite debt ceiling uncertainty and hawkish repricing around the Fed

Watch today’s US Open for insights on the latest around the US debt ceiling and Fed-speak, the dovish shock by the Reserve Bank of New Zealand, the UK inflation data that keeps pressure for more rate hikes, NVIDIA’s AI-driven strong quarterly report and more

The chip designer reported somewhat mixed quarterly results on Wednesday, but the data center business generated record revenues on AI demand, which also drove strong forward guidance and sent the stock higher in pre-market

Apple, the renowned technology giant, made a significant declaration on Tuesday regarding their future. They unveiled a ground-breaking partnership with Broadcom, a leading company in the industry, for a substantial agreement spanning multiple years and involving billions of dollars. The focus of this collaboration is centred around the development and production of state-of-the-art 5G radio frequency components and wireless chips. It is noteworthy that a portion of these advanced 5G…