\\n

Nasdaq yesterday at a glance – NASDAQ recovered back almost all the way to 12819 after dipping down to 12,650.

\\n

This downslide might be related to financial indicators data published earlier as United States ADP Nonfarm Employment Change (Dec) fell short of the 88000 projections, at -123000 and continued its downward trajectory from the previous figure of 304000. United States Crude Oil Inventories published yesterday at 3:30 PM came out at -8.01 million, falling short of the -2.13 million projections and continuing its decline from the previous -6.07 million figure.

\\n

Meanwhile, United States Factory Orders released yesterday at 3:00 PM is better than expected at 1 but down from preceding data of 1.3 according to new data.

\\n

The Nasdaq is getting closer and is now only 158 points from the support line at 12,582.77. Dipping below it might indicate further losses are ahead. Although down today, worth noting that at 12,669.28, Nasdaq made an initial breakout above the 21 day Simple Moving Average earlier. The MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. The upper Bollinger band is at 13,039.62 and the lower is 12,357.33. Overall, looking at the technical analysis landscape, it seems Nasdaq is pretty hot and might start pointing upward in the short term.

\\n

Positive performance can be seen looking at other symbols, as The Shanghai Composite Index is green with a 0.32% gain (11.3 points), to 3,562.22 levels.

\\n

At the same time, Google lost $35.92, making its largest single-day drop since October 2020.

\\n

The market will keep its eye on the following upcoming macroeconomics indicators: United States Non Farm Payrolls are expected to decline to 71000 when its preceding data was 245000, data will be available tomorrow at 1:30 PM. The United States's new ISM Non-Manufacturing PMI (Dec) data will be available today at 3:00 PM. Data is expected to decline to 54.6 from its previous value of 55.9. The United States Unemployment Rate is expected to decline to 6.8 when its preceding data was 6.7, Data will be available tomorrow at 1:30 PM.

\\n

Nasdaq social media highlights:

\\n
\\n

Nasdaq futures slump 2% on prospects of Democrat-controlled Senate https://t.co/FNz670ualg pic.twitter.com/3NofpnhuTp

\\n

— Reuters (@Reuters) January 6, 2021

\\n

\\n

\\n\",\"\\n

The Dow will open at 30,829.4 after gaining 1.44% yesterday

\\n

(Last update 1:41am EST, January 7, 2021)

\\n

\\n

The Dow yesterday at a glance –

\\n

After it started the day at 30,391.6, Dow Jones went up to 31,022.65 only to drop back, yet still traded positively overall and closed at 30,829.4.

\\n

The Dow immediate resistance is around 31,130.34, nearest support level is at 30,015.51. At 30,393.44, the Dow made an initial breakout above the 5 day Simple Moving Average. Medium-term trend indication 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 CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 30,770, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

The Dow and S&P 500 ended higher, soaring to all-time highs as investors shrugged off unrest in the Capitol and bet on the Democratic sweep in Georgia would lead to more fiscal stimulus and infrastructure spending. Read more https://t.co/DSREgSsOPe pic.twitter.com/rljD0JTCZ8

\\n

— Reuters Business (@ReutersBiz) January 7, 2021

\\n

\\n

\\n\",\"\\n

S&P will open at 3,748 after gaining 0.57% yesterday

\\n

(Last update 1:41am EST, January 7, 2021)

\\n

\\n

S&P yesterday at a glance –

\\n

After it started the day at 3,727, S&P 500 went up to 3,783 only to drop back, yet still traded positively overall and closed at 3,748.

\\n

The S&P 500 broke through the 3,756 resistance and climbed 7.9 points above it. At 3,715.33, S&P 500 made an initial breakout above the 10 day Simple Moving Average. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 3,765.52, indicating a negative correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems S&P likely to continue pointing upward in the short term.

\\n\",\"\\n

Ahead of today's session Apple is trading around $126.66 after losing 3.32% yesterday

\\n

(Last update 1:41am EST, January 7, 2021)

\\n

\\n

Apple yesterday at a glance –

\\n

Apple closed at $126.66 after starting the session at $131 and dropping early to $126.38, overall Apple lost $4.35 of its value. Trading volume was 155.09 million, above its daily average of 111.45 million.

\\n

The nearest support level is at $113.85 while the closest resistance is at $136.69. Although down today, worth noting that at $128.19, Apple made an initial breakout above the 21 day Simple Moving Average earlier. The MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. The upper Bollinger band is at $137.17 and the lower is $120.33.

\\n

Overall, looking at the technical analysis landscape, it seems Apple is pretty hot and might start pointing upward in the short term.

\\n

\\n

\\n

Apple touts record App Store holiday sales as tensions with software companies rise https://t.co/PXqQTVKQGB

\\n

— CNBC (@CNBC) January 6, 2021

\\n

\\n

\\n\",\"\\n

Facebook down to $260, the last time it was this low was 2 months ago.

\\n

(Last update 1:41am EST, January 7, 2021)

\\n

\\n

After starting the day at $270.97 Facebook dropped to $260, hitting its lowest point in 2 months, it later recovered $3.33 and closed at $263.34

\\n

Facebook immediate support is around $259.63, resistance level is at 277. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $263.45, indicating a positive correction might be next.

\\n

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

\\n

\\n

\\n

Facebook and Twitter temporarily lock Trump’s accounts amid unrest https://t.co/A5aQjr3l1A

\\n

— Financial Times (@FinancialTimes) January 7, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Amazon is trading around $3,138.38 after losing 2.49% yesterday

\\n

(Last update 1:41am EST, January 7, 2021)

\\n

\\n

Amazon yesterday at a glance –

\\n

Amazon closed at $3,138.38 after starting the session at $3,218.51 and dropping early to $3,131, overall Amazon lost $80.13 of its value. Trading volume was 4.39 million, above its daily average of 3.59 million.

\\n

Amazon is getting close and is now only $36.89 from the support line at $3,101.49. Dipping below it might indicate further losses are ahead. Although down today, worth noting that at $3,174, Amazon made an initial breakout above the 50 day Simple Moving Average earlier. The lower Bollinger band at $3,075, indicating a positive correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Amazon is pretty hot and might start pointing upward in the short term.

\\n

\\n

\\n

Amazon said it would spend $2 billion to create affordable homes near key U.S. offices https://t.co/dDie83cDPu pic.twitter.com/w6iThMQ4Vu

\\n

— Reuters (@Reuters) January 7, 2021

\\n

\\n

\\n\",\"\\n

Microsoft made its largest single-day drop ($5.65) since November 2020

\\n

(Last update 2:05am EST, January 7, 2021)

\\n

\\n

Starting at $217.9 Microsoft closed at $212.25 after making its biggest single-day drop ($5.65) since November 2020

\\n

Microsoft is getting close and is now only $2.14 from the support line at $210.11. Dipping below it might indicate further losses are ahead. Although down today, worth noting that at $215.26, Microsoft made an initial breakout above the 50 day Simple Moving Average earlier. The MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. The lower Bollinger band at $209.05, indicating a positive correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Microsoft is pretty hot and might start pointing upward in the short term.

\\n

\\n

\\n

⚡️ Microsoft's original Xbox was ungainly, over-budget and nearly canceled. Here's how it became a hit and reshaped an industry.https://t.co/BNPIwPtV7e

\\n

— Bloomberg (@business) January 6, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Google is trading around $1,735.29 after losing 0.32% yesterday

\\n

(Last update 2:05am EST, January 7, 2021)

\\n

\\n

Google yesterday at a glance –

\\n

Alphabet slid down from $1,741 to $1,735.29, taking a $5.63 loss (0.32%). Trading volume was 2.60 million, above its daily average of 1.50 million.

\\n

Google immediate support is around $1,707.23, resistance level is at $1,776. Although down today, worth noting that at $1,739.34, Google made an initial breakout above the 50 day Simple Moving Average earlier. The lower Bollinger band at $1,713.48, indicating a positive correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Google is pretty hot and might start pointing upward in the short term.

\\n

\\n

\\n

Google CEO says 'lawlessness' at U.S. Capitol 'antithesis of democracy' https://t.co/NM13b2f27r pic.twitter.com/KsSgMdahOD

\\n

— Reuters Business (@ReutersBiz) January 7, 2021

\\n

\\n

\\n\",\"\\n

Tesla will open at $756 after 10 straight days of gains

\\n

(Last update 2:05am EST, January 7, 2021)

\\n

\\n

Tesla yesterday at a glance –

\\n

After starting yesterday at $735.11 Tesla went up to 774 only to drop back to the half way point range, closing at $756. Trading volume was 44.70 million, below its daily average of 55.27 million.

\\n

Tesla's immediate resistance is around $770.28, nearest support level is at 695. The Relative Strength Index indicates Tesla is in overbought condition. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at $760.79, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

$TSLA | Fitch: Tesla's Model Y To Stimulate Private EV Demand In China https://t.co/CkzJb8VKpB

\\n

— LiveSquawk (@LiveSquawk) January 7, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Zoom is trading around $344.41 after losing 4.55% yesterday

\\n

(Last update 2:05am EST, January 7, 2021)

\\n

\\n

Zoom yesterday at a glance –

\\n

Zoom closed at $344.41 after starting the session at $360.83 and dropping early to $342.09, overall Zoom lost $16.42 of its value. Trading volume was 7.12 million, above its daily average of 6.09 million.

\\n

Zoom's nearest support level is at $340.02, followed by $335.63 at the next level. The lower Bollinger band at $329.49, indicating a positive correction might be next.

\\n

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

\\n\",\"\\n

Trend continues: Netflix down $20.31, closes at $500.49 adding to its four days of losses

\\n

(Last update 2:06am EST, January 7, 2021)

\\n

\\n

Netflix yesterday at a glance –

\\n

Netflix closed at $500.49 after starting the session at $520.8 and dropping early to $499.5, overall Netflix lost $20.31 of its value. Trading volume was 5.35 million, above its daily average of 3.61 million.

\\n

Netflix is getting close and is now only $6.89 from the support line at $493.6. Dipping below it might indicate further losses are ahead. At $501.77, Netflix made an initial breakout below the 50 day Simple Moving Average. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $493.34, indicating a positive correction might be next.

\\n

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

\\n

\\n

\\n

Bridgerton, the first show to debut from Netflix’s mega deal with producer Shonda Rhimes, has proved to be an immediate hit, with 63 million households watching the multi-racial Regency romance in its first 4 weeks, the streaming giant said https://t.co/bfBj3chNiR pic.twitter.com/iBEIi6hAHT

\\n

— Forbes (@Forbes) January 6, 2021

\\n

\\n

\\n\",\"\\n

Walmart will open at $146.66 after gaining 0.62% yesterday

\\n

(Last update 1:40am EST, January 7, 2021)

\\n

\\n

Walmart yesterday at a glance –

\\n

Hesitant but green: from an early low of $145, Walmart went up to $146.66 and gained $90 compared to the $145.75 start of the day (0.62%). Trading volume was 7.21 million, below its daily average of 7.88 million.

\\n

The nearest resistance level is at $152.79. At $146.53, Walmart made an initial breakout above the 50 day Simple Moving Average. The upper Bollinger band is at $148.13, indicating a negative correction might be next.

\\n

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

\\n\",\"\\n

Procter & Gamble rallied beyond $141.04 for the first time in 7 weeks and a half

\\n

(Last update 1:41am EST, January 7, 2021)

\\n

\\n

After starting the day at $138.7, Procter & Gamble rallied to $141.04, hitting its highest point in 7 weeks and a half, It later lost $87 and closed at $140.16

\\n

The nearest resistance level is at $144.28. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at $140.35, indicating a negative correction might be next.

\\n

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

\\n\",\"\\n

Walt Disney will open at $179.12 after gaining 0.38% yesterday

\\n

(Last update 1:41am EST, January 7, 2021)

\\n

\\n

Walt Disney yesterday at a glance –

\\n

After starting yesterday at $178.44 Walt Disney went up to $181.61 only to drop back to the half way point range, closing at $179.12. Trading volume was 7.20 million, below its daily average of 14.79 million.

\\n

Walt Disney is flirting with the $181.18 immediate resistance line. At $179.15, Walt Disney made an initial breakout above the 5 day Simple Moving Average. The upper Bollinger band is at $187.76 and the lower is $159.14.

\\n

Overall, looking at the technical analysis landscape, it seems Walt Disney is pretty hot and might continue pointing upward in the short term.

\\n\",\"\\n

Trend continues: Coca-Cola down $1.66, closes at $50.52 adding to its four days of losses

\\n

(Last update 1:41am EST, January 7, 2021)

\\n

\\n

Coca-Cola yesterday at a glance –

\\n

Coca-Cola closed at $50.52 after starting the session at $52.18 and dropping early to $50.19, overall Coca-Cola lost $1.66 of its value. Trading volume was 36.23 million, above its daily average of 15.06 million.

\\n

Coca-Cola immediate support is around $49.8, resistance level is at $54.84. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $51, indicating a positive correction might be next.

\\n

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

\\n

\\n

\\n

Coca-Cola Could Turn Lower as the Bullish Fizz Is Escaping: @BruceKamich https://t.co/pHDNf613M7

\\n

— Jim Cramer (@jimcramer) January 6, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Pfizer is trading around $36.87 after losing 0.86% yesterday

\\n

(Last update 1:41am EST, January 7, 2021)

\\n

\\n

Pfizer yesterday at a glance –

\\n

Light red but with no obvious direction, Pfizer traded at $36.87 after ranging between $37.48 and $36.77. Trading volume was 33.46 million, below its daily average of 47.50 million.

\\n

The nearest support level is at $36.6 while the closest resistance is at $42.56. Although down today, worth noting that at $37.03, Pfizer made an initial breakout above the 10 day Simple Moving Average earlier. The upper Bollinger band is at $41.27 and the lower is $34.74.

\\n

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

\\n

\\n

\\n

Mexican with allergic reaction after Pfizer's COVID-19 vaccine still hospitalized https://t.co/iurwFaXMEL pic.twitter.com/QC98CbDGka

\\n

— Reuters (@Reuters) January 7, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session McDonald's is trading around 211 after losing 0.23% yesterday

\\n

(Last update 1:35am EST, January 7, 2021)

\\n

\\n

McDonald's yesterday at a glance –

\\n

McDonald's slid down from $211.48 to 211, taking a $47 loss (0.23%). Trading volume was 2.93 million, below its daily average of 3.10 million.

\\n

McDonald's is getting close and is now only $3.24 from the support line at $207.76. Dipping below it might indicate further losses are ahead. The lower Bollinger band at $207.71, indicating a positive correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems McDonald's pretty hot and might start pointing upward in the short term.

\\n\",\"\\n

Bitcoin hits new all time high at $37,700

\\n

(Last update 1:35am EST, January 7, 2021)

\\n

\\n

After opening at $37,566, Bitcoin reached a record high of $37,700. Later, it lost $800 and is now trading at $36,900.

\\n

The Relative Strength Index indicates Bitcoin is in strong overbought condition. The upper Bollinger band is at $37,100 and the lower is $19,369.

\\n

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

\\n

\\n

\\n

Bitcoin traded above $35,000 for the first time, as the world’s most popular cryptocurrency rose more than 800% since mid-March. More here: https://t.co/gxnUMPgRaQ pic.twitter.com/7HXNtuhFOe

\\n

— Reuters Business (@ReutersBiz) January 7, 2021

\\n

\\n

\\n\",\"\\n

Gold continues a seven day positive streak and is up $15.3 to $1,924.

\\n

(Last update 1:35am EST, January 7, 2021)

\\n

\\n

The upper Bollinger band is at $1,948, indicating a negative correction might be next.

\\n

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

\\n\",\"\\n

After starting the day at $50.63, Oil drifts to $51.1 (up $46)

\\n

(Last update 1:35am EST, January 7, 2021)

\\n

\\n

The Relative Strength Index shows oil has gone up above 70 going into overbought territory. The upper Bollinger band is at $50.18, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Freezing weather is delivering a winter blessing for oil, gas and coal prices https://t.co/kc55KDzMod

\\n

— Bloomberg (@business) January 7, 2021

\\n

\\n

\\n\",\"\\n

Stable day for Euro, trading around 1.2321

\\n

(Last update 1:35am EST, January 7, 2021)

\\n

\\n

The upper Bollinger band is at 1.2335, indicating a downward move might be next.

\\n

Overall, looking at all the technical indicators, it seems the Euro might be pointing down in the short term.

\\n

\\n

\\n

EU no longer acknowledges Venezuela's Guaido as interim president https://t.co/fSk4PTvIH9 pic.twitter.com/I7nQ5LE6Fo

\\n

— Reuters (@Reuters) January 6, 2021

\\n

\\n

\\n\",\"\\n

Pound/Dollar is down 20 pips (0.15%), trading around 1.3588

\\n

(Last update 2:20am EST, January 7, 2021)

\\n

\\n

The upper Bollinger band is at 1.3732 and the lower is 1.3293.

\\n

\\n

\\n

Citi cuts "expensive" U.S. stocks to neutral, favoring emerging markets and the U.K. https://t.co/Ie1c4nBTqO

\\n

— Bloomberg (@business) January 7, 2021

\\n

\\n

\\n\",\"\\n

After starting the day at 103.03, Dollar/Yen inches to 103.27 (up 24 pips)

\\n

(Last update 2:20am EST, January 7, 2021)

\\n

\\n

The upper Bollinger band is at 104.05, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Japan concerned about U.S. Capitol breach: government spokesman https://t.co/GIuzFHj1Ke pic.twitter.com/k32OZptXs3

\\n

— Reuters (@Reuters) January 7, 2021

\\n

\\n

\\n\",\"\\n

Steady Swiss franc parks at 0.8791

\\n

(Last update 2:20am EST, January 7, 2021)

\\n

\\n

The lower Bollinger band is at 0.8783, indicating a positive move might be next.

\\n

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

\\n\",\"\\n

Australian dollar edges to 0.7794 (down 9 pips) after starting the day at 0.7803

\\n

(Last update 2:20am EST, January 7, 2021)

\\n

\\n

The Relative Strength Index indicates AUD/USD is in overbought condition. The upper Bollinger band was at 0.7769, indicating a further downward move might be next.

\\n

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

\\n

\\n

\\n

Australia urges China to give access to WHO coronavirus experts 'without delay' https://t.co/CzO0DOiwyz pic.twitter.com/5korJVpvU7

\\n

— Reuters (@Reuters) January 7, 2021

\\n

\\n

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