\\n

After opening at 12,742.5, NASDAQ reached a record high of 12,840.57. Later, it lost 32.7 points and closed at 12,808.

\\n

The Nasdaq went higher as Congressional leaders attached 900 billion in pandemic aid to a 1.4 trillion measure to fund the government through Sept. 30. President Donald Trump is expected to sign it into law in the coming days, weeks before he will leave office.

\\n

The Nasdaq green move comes while some more encouraging signs are out as data for United States GDP released today at 1:30 PM came out at 33.4, beating projections of 33.1 and showing improvement over the preceding figure of -31.4.

\\n

On the flip side, United States Existing Home Sales published today at 3:00 PM came out at 6.69, falling short of the 6.7 projections and continuing its decline from the previous 6.86 figure.

\\n

Meanwhile, United States API Weekly Crude Oil Stock beat expectations of -3.25 with a new data release of 2.7. This is also a step forward from the previous data of 1.973.

\\n

The Nasdaq immediate resistance is around 12,820.79, nearest support level is at 11,895.23. The Relative Strength Index indicates the Nasdaq is in overbought condition. Although up today, worth noting that at 12,544, Nasdaq made an initial breakout below the 10 day Simple Moving Average earlier. The upper Bollinger band is at 12,891, indicating a negative correction might be next. Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for the Nasdaq

\\n

The Shanghai Composite Index lost 63.8 points from the start of the session, trading at 3,356.78 levels. Google lost 15.87 dollars from the start of the session, trading at 1,723.5 levels.

\\n

In the meantime, new 6 weeks and a half high for Microsoft at 225.63.

\\n

The market is looking forward to United States Crude Oil Inventories projected to decline to -3.25 while the previous data was -3.135, Data will be released tomorrow at 3:30 PM. Projections for United States New Home Sales are set for a continuation of decline with 995 while previous data was 999, Data will be released tomorrow at 3:00 PM. The United States Initial Jobless Claims figure is projected at 885 while it previously stood at 885, Data will be released tomorrow at 1:30 PM. United States Personal Spending is projected to come out at -0.2 – worse than previous data of 0.5, Data will be released tomorrow at 1:30 PM.

\\n

Nasdaq social media highlights:

\\n
\\n

Wall Street closed mixed on Tuesday, with only the Nasdaq Composite ending in positive territory.

\\n

📉 The Dow closed 0.7%, or 201 points, lower

\\n

📉 The S&P 500 fell 0.2%

\\n

📈 The Nasdaq Composite finished up 0.5%https://t.co/vh75Gqu23N

\\n

— CNN Business (@CNNBusiness) December 22, 2020

\\n

\\n

\\n\",\"\\n

Dow Jones is trading at 30,015.51, down by -0.67% as session closes

\\n

(Last update 5:01pm EST, December 22, 2020)

\\n

\\n

Dow yesterday at a glance –

\\n

The Dow Jones remained in the 30,015.51 range after starting the session at 30,216.45 and dropping 200.9 points.

\\n

Although the Dow is down today and was as low as 29,993, it seems to be recovering slightly and climbing away from the 29,263.48 support line and is now 752 points above it. At 29,940.82, Dow Jones made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band was at 30,356.54, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems further drawbacks may be next for Dow Jones.

\\n

\\n

\\n

Wall Street closed mixed on Tuesday, with only the Nasdaq Composite ending in positive territory.

\\n

📉 The Dow closed 0.7%, or 201 points, lower

\\n

📉 The S&P 500 fell 0.2%

\\n

📈 The Nasdaq Composite finished up 0.5%https://t.co/vh75Gqu23N

\\n

— CNN Business (@CNNBusiness) December 22, 2020

\\n

\\n

\\n\",\"\\n

S&P is trading at 3,687.26, down by -0.21% as session closes

\\n

(Last update 5:01pm EST, December 22, 2020)

\\n

\\n

S&P yesterday at a glance –

\\n

The S&P 500 recovered back almost all the way to 3,695 after dipping down to 3,676.

\\n

The S&P 500 is getting closer and is now only 60.4 points from the support line at 3,627. Dipping below it might indicate further losses are ahead. At 3,657.77, S&P 500 made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band at 3,730, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems further drawbacks may be next for the S&P 500.

\\n\",\"\\n

At 131.88 Apple trades above 130 level for the first time in 3 months.

\\n

(Last update 5:01pm EST, December 22, 2020)

\\n

\\n

After starting at 128.23, Apple went above the 130 level for the first time in 3 months.

\\n

Apple's immediate resistance is around 136.38, nearest support level is at 120.3. Although up today, worth noting that at 124.84, Apple made an initial breakout below the 10 day Simple Moving Average earlier. The MACD line is above the MACD signal line significantly, meaning medium-term momentum might turn negative. The upper Bollinger band is at 131.92, indicating a negative correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Apple is likely to reverse course and start pointing down in the short term.

\\n

\\n

\\n

Elon Musk says Tim Cook 'refused' to meet with him about Apple buying Tesla https://t.co/WTr8DxiPck by @DanielHowley pic.twitter.com/heUW441R9C

\\n

— Yahoo Finance (@YahooFinance) December 22, 2020

\\n

\\n

\\n\",\"\\n

Facebook is trading around 267.09 after losing -2.09% yesterday

\\n

(Last update 5:01pm EST, December 22, 2020)

\\n

\\n

Facebook yesterday at a glance –

\\n

Facebook recovered back almost all the way to 272.79 after dipping down to 264.63. Trading volume was 16.82 million, around its average daily.

\\n

Although Facebook is down today and was as low as 264.63, it seems to be recovering slightly and climbing away from the 261.36 support line and is now 5.73 dollars above it. At 276, Facebook made an initial breakout below the 50 day Simple Moving Average. Facebook has just crossed the lower Bollinger band at 268, indicating further loses might be next

\\n

Overall, looking at the technical analysis landscape, it seems further drawbacks may be next for Facebook.

\\n

\\n

\\n

Facebook to add more account security features next year https://t.co/odsgiss6nK pic.twitter.com/J1J2JM19Ib

\\n

— Reuters (@Reuters) December 22, 2020

\\n

\\n

\\n\",\"\\n

Stable day for Amazon, parking at 3,206.52

\\n

(Last update 5:01pm EST, December 22, 2020)

\\n

\\n

Amazon yesterday at a glance –

\\n

Amazon closed at 3,206.52 with no clear-cut direction and ranged between 3222 and 3,180. Trading volume was 2.25 million, below its daily average of 3.64 million.

\\n

Amazon's nearest support level is at 3,035. At 3,186.18, Amazon made an initial breakout below the 50 day Simple Moving Average. The upper Bollinger band is at 3,256, indicating a downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Amazon is likely to start pointing downward in the short term.

\\n

\\n

\\n

U.S. FDA warns Amazon's Whole Foods Market for misbranding food products https://t.co/Eali5ltPFy pic.twitter.com/pnlLLlFTSS

\\n

— Reuters (@Reuters) December 22, 2020

\\n

\\n

\\n\",\"\\n

Microsoft closes at 223.94 after gaining 0.61% during the session

\\n

(Last update 4:21pm EST, December 22, 2020)

\\n

\\n

Microsoft yesterday at a glance –

\\n

After dipping down to 221.98, Microsoft regained earlier losses and reached 223.94 Trading volume was 21.80 million, below its daily average of 29.22 million.

\\n

Microsoft reversed direction at 223.72 resistance zone and retreated back 21 cents below it. At 219.1, Microsoft made an initial breakout above the 3 day Simple Moving Average. The MACD line is above the MACD signal line significantly, meaning medium-term momentum might turn negative. The upper Bollinger band is at 222.38, indicating a negative correction might be next.

\\n

Overall, the technical analysis suggests Microsoft is neutral for the immediate future, with no clear-cut direction.

\\n\",\"\\n

Google is trading around 1,723.5 after losing -0.91% yesterday

\\n

(Last update 4:21pm EST, December 22, 2020)

\\n

\\n

Google yesterday at a glance –

\\n

Alphabet remained in the 1,723.5 range after starting the session at 1,739.37 and dropping 15.87 dollars. Trading volume was 865839, below its daily average of 1.59 million.

\\n

The nearest support level is at 1,516.62 while the closest resistance is at 1,828. At 1,704, Google made an initial breakout below the 50 day Simple Moving Average. The lower Bollinger band at 1,716, indicating a positive correction might be next.

\\n

Overall, technical indicators suggest Google has no obvious direction for the immediate future.

\\n

\\n

\\n

Fitbit ( $FIT ) shares fell after Australian regulators rejected Google's ( $GOOGL ) proposal to address antitrust concern about its plan to buy the company.https://t.co/gY2Y4pdD7U

\\n

— TheStreet (@TheStreet) December 22, 2020

\\n

\\n

\\n\",\"\\n

Tesla is trading at 640.34, down by -1.46% as session closes

\\n

(Last update 4:21pm EST, December 22, 2020)

\\n

\\n

Tesla yesterday at a glance –

\\n

Tesla went down to 640.34 having started the day at 648, overall a -1.46% move or 9.52 dollars yesterday. Trading volume was 51.14 million, below its daily average of 58.19 million.

\\n

Tesla's nearest support level is at 438.09, followed by 408.09 at the next level. At 649.35, Tesla made an initial breakout below the 5 day Simple Moving Average. Medium-term momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line crosses below the MACD signal line. The upper Bollinger band is at 686.02 and the lower is 543.87.

\\n

Overall, looking at the technical analysis landscape, it seems Tesla is likely to continue pointing down in the short term.

\\n

\\n

\\n

Apple’s reported foray into making its own self-driving, electric cars creates “a new Tesla bear case,” according to Morgan Stanley https://t.co/nj4f6y9K2t

\\n

— Bloomberg (@business) December 22, 2020

\\n

\\n

\\n\",\"\\n

Stable day for Zoom, parking at 409

\\n

(Last update 4:21pm EST, December 22, 2020)

\\n

\\n

Zoom yesterday at a glance –

\\n

Zoom closed at 409 with no clear-cut direction and ranged between 413.5 and 396.5. Trading volume was 4.13 million, below its daily average of 7.86 million.

\\n

Zoom's nearest support level is at 376. At 416.92, Zoom made an initial breakout above the 21 day Simple Moving Average. The upper Bollinger band is at 461.18 and the lower is 367.74.

\\n

Overall, looking at the technical analysis landscape, it seems Zoom might be pointing upward in the short term.

\\n\",\"\\n

Netflix hovers around 527.33

\\n

(Last update 4:21pm EST, December 22, 2020)

\\n

\\n

Netflix yesterday at a glance –

\\n

Netflix recovered back to 527.33 after dipping down to 520.54 in a session that started at 528.91. Trading volume was 1.83 million, below its daily average of 3.84 million.

\\n

Netflix is getting close and is now only 12.6 dollars from the support line at 514.73. Dipping below it might indicate further losses are ahead. At 526.88, Netflix made an initial breakout below the 5 day Simple Moving Average. The upper Bollinger band is at 540.43, indicating a downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Netflix might be pointing down in the short term.

\\n\",\"\\n

Walmart down to 143.14, the last time it was this low was 6 weeks

\\n

(Last update 4:30pm EST, December 22, 2020)

\\n

\\n

After starting the day at 145.97, Walmart dropped to 143.14, hitting its lowest point in 6 weeks, It later recovered 1.06 dollars and closed at 144.2

\\n

Walmart's immediate support is around 142.69, resistance level is at 152.79. Although down today, worth noting that at 146.42, Walmart made an initial breakout above the 50 day Simple Moving Average earlier. The lower Bollinger band at 143.14, indicating a positive correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Walmart might reverse course and start pointing upward in the short term.

\\n

\\n

\\n

US sues Walmart for alleged role in opioid crisis https://t.co/yekppNdNXZ

\\n

— BBC Business (@BBCBusiness) December 22, 2020

\\n

\\n

\\n\",\"\\n

Procter & Gamble is trading around 136.55 after losing -0.71% yesterday

\\n

(Last update 4:30pm EST, December 22, 2020)

\\n

\\n

Procter & Gamble yesterday at a glance –

\\n

Procter & Gamble recovered back almost all the way to 137.52 after dipping down to 136.38. Trading volume was 4.21 million, below its daily average of 7.36 million.

\\n

Procter & Gamble is flirting with the 137.1 immediate support line. At 137.9, Procter & Gamble made an initial breakout below the 21 day Simple Moving Average. The lower Bollinger band was at 135.47, indicating a positive correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems further drawbacks may be next for Procter & Gamble

\\n\",\"\\n

Walt Disney drifts to 170.36 as session draws to a close

\\n

(Last update 2:50pm EST, December 22, 2020)

\\n

\\n

Light red, mostly flat: Walt Disney ranges between 171.43 and 169.16 and is now at 170.36.

\\n

Walt Disney's nearest support level is at 151.49, followed by 141.07 at the next level. The upper Bollinger band is at 180.81 and the lower is 139.41.

\\n\",\"\\n

Coca-Cola hovers around 52.76

\\n

(Last update 4:30pm EST, December 22, 2020)

\\n

\\n

Coca-Cola yesterday at a glance –

\\n

Coca-Cola recovered back to 52.76 after dipping down to 52.39 in a session that started at 52.81. Trading volume was 9.07 million, below its daily average of 16.76 million.

\\n

Coca-Cola is climbing away and is now 1.16 dollars from the 51.6 support line. At 53, Coca-Cola made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band is at 54.12 and the lower is 51.87.

\\n

Overall, technical indicators suggest Coca-Cola has no obvious direction for the immediate future.

\\n\",\"\\n

Pfizer draws back to 36.74 as session draws to a close

\\n

(Last update 2:50pm EST, December 22, 2020)

\\n

\\n

Pfizer drops 64 cents early on and steadies at the 36.74 range.

\\n

The nearest support level is at 35.42 while the closest resistance is at 39.2. The upper Bollinger band is at 42.94 and the lower is 35.4.

\\n

\\n

\\n

Mexico will receive an initial batch of Pfizer’s Covid-19 vaccine on Wednesday, which could make it the first Latin American nation to begin inoculations https://t.co/oP2xOrjfYS

\\n

— Bloomberg (@business) December 22, 2020

\\n

\\n

\\n\",\"\\n

McDonald's steady at 211.79, no significant movement

\\n

(Last update 4:12pm EST, December 22, 2020)

\\n

\\n

McDonald's yesterday at a glance –

\\n

McDonald's recovered back to 211.79 after dipping down to 210.4 in a session that started at 211.67. Trading volume was 1.92 million, below its daily average of 3.61 million.

\\n

McDonald's is getting closer and is now only 4.03 dollars from the support line at 207.76. Dipping below it might indicate further losses are ahead. At 213.43, McDonald's made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band is at 220.42 and the lower is 205.5.

\\n

Overall, the technical analysis suggests McDonald's is neutral for the immediate future, with no clear-cut direction.

\\n\",\"\\n

Bitcoin crawls to 23,474.53 up 733.9539999999979 points

\\n

(Last update 4:12pm EST, December 22, 2020)

\\n

\\n

After starting the day at 22,740.576, Bitcoin went up to 23,587.867 only to drop back, yet is still positive overall today, trading now at 23,474.53.

\\n

The Relative Strength Index shows Bitcoin has gone up above 70 going into overbought territory. The upper Bollinger band is at 24,397.045 and the lower is 16,255.2873.

\\n

Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Bitcoin.

\\n

\\n

\\n

“Bitcoin is still somewhat difficult to buy… I thought it was an important thing to try to create a product that was a little cheaper,” Skybridge Founder @scaramucci says on launching a Bitcoin fund. “We think it’s a product that people will have in their portfolios.” pic.twitter.com/KYrkXbhVYQ

\\n

— Yahoo Finance (@YahooFinance) December 22, 2020

\\n

\\n

\\n\",\"\\n

Gold drops to 1,865.3 after starting the day at 1,882.8 (down -0.93%)

\\n

(Last update 4:12pm EST, December 22, 2020)

\\n

\\n

Gold slid down from 1,882.8 to 1,865.3, losing 17.5 dollars (-0.93%).

\\n

The nearest support level is at 1,775.7. At 1,866, Gold made an initial breakout below the 50 day Simple Moving Average. The upper Bollinger band is at 1,906 and the lower is 1,792.71.

\\n

Overall, looking at the technical analysis landscape, it seems further drawbacks may be next for Gold.

\\n

\\n

\\n

Gold down on day and remains below 100 day MA https://t.co/rgbe9OAoSh

\\n

— ForexLive (@ForexLive) December 22, 2020

\\n

\\n

\\n\",\"\\n

Crude is down 1.02 dollars (-2.13%), trading around 46.95

\\n

(Last update 4:12pm EST, December 22, 2020)

\\n

\\n

Crude slid down from 47.97 to 46.95, losing 1.02 dollars (-2.13%).

\\n

Oil is getting closer and is now only 1.24 dollars from the support line at 45.71. Dipping below it might indicate further losses are ahead. At 47.49, Crude made an initial breakout below the 10 day Simple Moving Average. The upper Bollinger band is at 48.87 and the lower is 44.32.

\\n

Overall, technical indicators suggest oil has no obvious direction for the immediate future.

\\n

\\n

\\n

Analysis-U.S. shale oil just had its worst year and the pain could bleed into 2021 https://t.co/uuWeGaB48c pic.twitter.com/mtRAOfE4aW

\\n

— Reuters (@Reuters) December 22, 2020

\\n

\\n

\\n\",\"\\n

Euro made its largest single-day drop (75 pips) since Aug 19

\\n

(Last update 4:12pm EST, December 22, 2020)

\\n

\\n

EUR/USD trading now at 1.2167 after making its largest single-day drop (75 pips) since Aug 19

\\n

The Euro's nearest support level is at 1.1783, followed by 1.1644 at the next level. The Relative Strength Index has fallen below 70 – exiting overbought conditions and indicating possible moderate gains or a downward correction is a head. At 1.2162, Euro made an initial breakout below the 10 day Simple Moving Average. The upper Bollinger band is at 1.2319 and the lower is 1.1904.

\\n

Overall, looking at the technical analysis landscape, it seems the Euro/Dollar is likely to continue pointing down in the short term.

\\n

\\n

\\n

EU's Barnier tells member states latest UK fish offer "unacceptable" https://t.co/vR9slPwOJm pic.twitter.com/yAJKM46yxt

\\n

— Reuters (@Reuters) December 22, 2020

\\n

\\n

\\n\",\"\\n

The British Pound slips to 1.3369 after starting the day at 1.345 (down -0.6%)

\\n

(Last update 5:20pm EST, December 22, 2020)

\\n

\\n

GBP/USD is getting closer and is now only 97 pips from the support line at 1.3272. Dipping below it might indicate further losses are ahead. Medium-term momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line crosses below the MACD signal line. The upper Bollinger band is at 1.3561 and the lower is 1.3229.

\\n

Overall, the technical analysis suggests the Pound is neutral for the immediate future, with no clear-cut direction.

\\n

\\n

\\n

EU's Barnier tells member states latest UK fish offer "unacceptable" https://t.co/LGTnMp0rng pic.twitter.com/MBCdDhpgkc

\\n

— Reuters Business (@ReutersBiz) December 22, 2020

\\n

\\n

\\n\",\"\\n

Yen made its largest single-day jump (29 pips) since Nov 23

\\n

(Last update 5:20pm EST, December 22, 2020)

\\n

\\n

USD/JPY trading at 103.62 after it made its largest daily jump (29 pips) since Nov 23

\\n

The nearest resistance level is at 105.43. The lower Bollinger band is at 103.16, indicating further gains might be next.

\\n

Overall, looking at the technical analysis landscape, it seems the Dollar/Yen likely to continue pointing upward in the short term.

\\n\",\"\\n

Swiss franc up 32 pips, trading around 0.8893

\\n

(Last update 5:20pm EST, December 22, 2020)

\\n

\\n

The USD/CHF nearest resistance level is at 0.9005, followed by 0.9169 at the next level. Medium-term momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line crosses above the MACD signal line. The upper Bollinger band is at 0.9087 and the lower is 0.8762.

\\n

Overall, looking at the technical analysis landscape, it seems Dollar/Swiss likely to continue pointing upward in the short term.

\\n\",\"\\n

Australian dollar made its largest single-day drop (59 pips) since Oct 28

\\n

(Last update 5:21pm EST, December 22, 2020)

\\n

\\n

AUD/USD down by 59 pips. This is the largest single day drop since Oct 28

\\n

The Australian dollar's nearest support level is at 0.7235, followed by 0.7029 at the next level. The Relative Strength Index has fallen below 70 – exiting overbought conditions and indicating possible moderate gains or a downward correction is a head. The upper Bollinger band is at 0.7657 and the lower is 0.7296.

\\n

Overall, looking at the technical analysis landscape, it seems further drawbacks may be next for Aussies.

\\n\\n\"],\"title\":\"Financial Markets Review – 22 December 2020 – 17:21:02\",\"date\":\"2020-12-22T22:21:02\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }