\\n

Nasdaq yesterday at a glance – NASDAQ dropped 165.57 points early on and stayed at the 13,036.43 range.

\\n

The Nasdaq is getting closer and is now only 137 points from the support line at 12,899.42. Dipping below it might indicate further losses are ahead. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band at 13,161, indicating a further downward move might be next. Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems the Nasdaq might reverse course and start pointing upward in the short term.

\\n

Positive performance can be seen looking at other symbols, as The Shanghai Composite Index went up from 3,531.5 to 3,608.34 (2.18% 76.84 points).

\\n

Also yesterday , after 2 months, Facebook fell below 260 levels.

\\n

The market will be looking forward to the upcoming release of the following indicators: United States Crude Oil Inventories are projected to outperform the last figure at -2.72 million, while it previously stood at -8.01 million, figure will be published tomorrow at 3:30 PM. Tomorrow at 1:30 PM, data for United States Core Consumer Prices will be released, with an expected decline to 0.1 from the preceding figure of 0.2. United States JOLTs Job Openings (Nov) scheduled to come out today at 3:00 PM.

\\n

The Nasdaq social media highlights:

\\n
\\n

Crocs' bittersweet moment has arrived amid a global pandemic. The company behind the foam clog, derided by many for being "ugly," expects 2020 to be a record sales year.

\\n

Investors cheered the news, lifting Crocs shares up over 12% on the Nasdaq. https://t.co/3AqFcwvGWE

\\n

— CNN Business (@CNNBusiness) January 12, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session the Dow is trading around 31,008.69 after losing 0.29% yesterday

\\n

(Last update 5:01am EST, January 12, 2021)

\\n

\\n

The Dow yesterday at a glance –

\\n

The Dow Jones slid down from 31,098 to 31,008.69, taking a 89.28 points loss (0.29%).

\\n

The Dow nearest support level is at 29,950.44, followed by 29,638.64 at the next level. Although down today, worth noting that at 30,989.5, Dow made an initial breakout above the 3 day Simple Moving Average earlier. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band was at 31,155.5, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems the Dow might reverse course and start pointing upward in the short term.

\\n

\\n

\\n

US stocks closed down on Monday, with consumer companies leading the market lower.

\\n

📉 The Dow finished 0.3%, or 89 points, lower

\\n

📉 The S&P 500 ended down 0.7%

\\n

📉 The Nasdaq Composite fell 1.3%https://t.co/aR0Xwcnr20

\\n

— CNN Business (@CNNBusiness) January 11, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session S&P 500 is trading around 3,799.61 after losing 0.66% yesterday

\\n

(Last update 5:01am EST, January 12, 2021)

\\n

\\n

S&P 500 yesterday at a glance –

\\n

The S&P 500 recovered back almost all the way to 3,824.68 after dipping down to 3,789.

\\n

The S&P is getting closer and is now only 43.54 points from the support line at 3,756. Dipping below it might indicate further losses are ahead. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band at 3,820.52, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems S&P might reverse course and start pointing upward in the short term.

\\n\",\"\\n

Ahead of today's session Apple is trading around $128.98 after losing 2.32% yesterday

\\n

(Last update 5:01am EST, January 12, 2021)

\\n

\\n

Apple yesterday at a glance –

\\n

Apple closed at $128.98 after starting the session at $132.05 and dropping early to $128.5, overall Apple lost $3.07 of its value. Trading volume was 100.62 million, below the daily average of 112.79 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 $129.11, 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 $136.58 and the lower is $123.6.

\\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

Amid a crackdown on violent posts, Apple has pulled social networking service Parler from its App Store. https://t.co/4ynttiGWvc pic.twitter.com/RTfZi5xkyz

\\n

— CNBC (@CNBC) January 11, 2021

\\n

\\n

\\n\",\"\\n

Facebook down to $255.95, the last time it was this low was 3 months ago.

\\n

(Last update 5:01am EST, January 12, 2021)

\\n

\\n

After starting the day at $267.57 Facebook dropped to $255.95, hitting its lowest point in 3 months, it later recovered 88 cents and closed at $256.84

\\n

Facebook immediate support is around $254.06, resistance level is at $287.52. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $258.55, 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 will begin removing all content that mentions the phrase "stop the steal," a full 69 days after Election Day https://t.co/BuTObiSane

\\n

— CNN Business (@CNNBusiness) January 12, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Amazon is trading around $3,114.21 after losing 2.15% yesterday

\\n

(Last update 5:01am EST, January 12, 2021)

\\n

\\n

Amazon yesterday at a glance –

\\n

Amazon closed at $3,114.21 after starting the session at $3,182.7 and dropping early to 3,110, overall Amazon lost $68.49 of its value. Trading volume was 3.67 million, above the daily average of 3.62 million.

\\n

Amazon is getting close and is now only $12.72 from the support line at $3,101.49. Dipping below it might indicate further losses are ahead. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $3,092, indicating a positive correction might be next.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Amazon might reverse course and start pointing upward in the short term.

\\n

\\n

\\n

Amazon to remove QAnon products from platform after U.S. Capitol siege https://t.co/WhoPLZQGZB pic.twitter.com/OXzx4eJ2eX

\\n

— Reuters (@Reuters) January 12, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Microsoft is trading around $217.49 after losing 0.97% yesterday

\\n

(Last update 5:05am EST, January 12, 2021)

\\n

\\n

Microsoft yesterday at a glance –

\\n

Microsoft slid down from $219.62 to $217.49, losing $2.13 (0.97%). Trading volume was 23.05 million, below the daily average of 27.49 million.

\\n

Microsoft is getting close and is now only $5.24 from the support line at $212.25. Dipping below it might indicate further losses are ahead. Although down today, worth noting that at $218.59, Microsoft 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 lower Bollinger band at $212.67, 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

At the next #CNBCatWork Summit, @Microsoft's @jared_spataro & chief people officer Kathleen Hogan talk building a resilient workforce. Request an invite: https://t.co/JzSTtIwxAj

\\n

Plus, hear Hogan's @ Work insights on indispensable HR leaders of the future: https://t.co/P0KoyQi5WQ pic.twitter.com/zjOrfVtX2Y

\\n

— CNBC Events (@cnbcevents) January 11, 2021

\\n

\\n

\\n\",\"\\n

Google made its largest single-day drop ($40.49) since October 2020

\\n

(Last update 5:05am EST, January 12, 2021)

\\n

\\n

Alphabet closed at $1,766.72 after making its largest single-day drop ($40.49) since October 2020.

\\n

Google is getting close and is now only $43.22 from the support line at $1,723.5. Dipping below it might indicate further losses are ahead. At $1,776.58, Google made an initial breakout below the 3 day Simple Moving Average. The upper Bollinger band at $1,795.24, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Google.

\\n

\\n

\\n

Video-sharing site Rumble accused Google in a lawsuit of abusing the power of its search engine and mobile operating system to boost its YouTube video service over rivals https://t.co/QJEsa1GV6Z

\\n

— The Wall Street Journal (@WSJ) January 12, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Tesla is trading around $811.19 after losing 7.82% yesterday

\\n

(Last update 5:05am EST, January 12, 2021)

\\n

\\n

Tesla yesterday at a glance –

\\n

Tesla closed at $811.19 after starting the session at $880 and dropping early to $803.88, overall Tesla lost $68.83 of its value. Trading volume was 59.55 million, above the daily average of 54.97 million.

\\n

Tesla's nearest support level is at 695, followed by $649.88 at the next level. At $817.35, Tesla made an initial breakout below the 3 day Simple Moving Average. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band at $850.07, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Tesla.

\\n

\\n

\\n

Tesla Model Y Will 'Disrupt' The Chinese Auto Market — Here's Why $TSLA $NIOhttps://t.co/PyM7Cp2GLd

\\n

— Benzinga (@Benzinga) January 12, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Zoom is trading around $337.71 after losing 3.4% yesterday

\\n

(Last update 5:05am EST, January 12, 2021)

\\n

\\n

Zoom yesterday at a glance –

\\n

Zoom slid down from $349.61 to $337.71, taking a $11.9 loss (3.4%). Trading volume was 3.36 million, below the daily average of 5.89 million.

\\n

Zoom immediate support is around $333.07, resistance level is at $478.36. Although down today, worth noting that at $345.51, Zoom made an initial breakout above the 3 day Simple Moving Average earlier. The lower Bollinger band at $317.16, indicating a positive correction might be next.

\\n

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

\\n\",\"\\n

Ahead of today's session Netflix is trading around $499.1 after losing 2.21% yesterday

\\n

(Last update 5:06am EST, January 12, 2021)

\\n

\\n

Netflix yesterday at a glance –

\\n

Netflix closed at $499.1 after starting the session at $510.4 and dropping early to $497.95, overall Netflix lost $11.3 of its value. Trading volume was 3.81 million, above the daily average of 3.49 million.

\\n

Netflix is getting close and is now only $5.5 from the support line at $493.6. Dipping below it might indicate further losses are ahead. At $502.86, 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 $496.77, indicating a positive correction might be next.

\\n

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

\\n\",\"\\n

Walmart will open at $147.29 after gaining 0.45% yesterday

\\n

(Last update 5:00am EST, January 12, 2021)

\\n

\\n

Walmart yesterday at a glance –

\\n

After starting yesterday at $146.63 Walmart went up to $148 only to drop back to the half way point range, closing at $147.29. Trading volume was 7.20 million, below the daily average of 8.10 million.

\\n

Walmart approached the closest resistance line at $149.09 and is now only $1.8 away, crossing it might suggest further gains are ahead. Although up today, worth noting that at $146.75, Walmart made an initial breakout below the 50 day Simple Moving Average earlier. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at $147.89, 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 Walmart.

\\n

\\n

\\n

Walmart said it has joined with investment firm Ribbit Capital to create a fintech startup to further expand its financial-services offerings https://t.co/enowYHI1Nt

\\n

— The Wall Street Journal (@WSJ) January 12, 2021

\\n

\\n

\\n\",\"\\n

Trend continues: Procter & Gamble down 93 cents, closes at $137.85 adding to its four days of losses

\\n

(Last update 5:00am EST, January 12, 2021)

\\n

\\n

Procter & Gamble yesterday at a glance –

\\n

Procter & Gamble slid down from $138.79 to $137.85, taking a 93 cents loss (0.68%). Trading volume was 5.34 million, below the daily average of 6.69 million.

\\n

Procter & Gamble is getting close and is now only $2.34 from the support line at $135.51. Dipping below it might indicate further losses are ahead. At $138.83, Procter & Gamble made an initial breakout below the 50 day Simple Moving Average. The upper Bollinger band at $140.05, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Procter & Gamble

\\n\",\"\\n

Walt Disney will open at $179.09 after gaining 0.22% yesterday

\\n

(Last update 5:01am EST, January 12, 2021)

\\n

\\n

Walt Disney yesterday at a glance –

\\n

After dipping down to $177.35, Walt Disney regained earlier losses and reached $179.09 Trading volume was 5.73 million, below the daily average of 14.59 million.

\\n

Walt Disney reversed direction at $181.18 resistance zone and retreated back to $2.09 below it. Although up today, worth noting that at $178.5, Walt Disney made an initial breakout below the 5 day Simple Moving Average earlier. The upper Bollinger band is at $183.21 and the lower is $168.84.

\\n

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

\\n\",\"\\n

Ahead of today's session Coca-Cola is trading around $50.2 after losing 1.72% yesterday

\\n

(Last update 5:01am EST, January 12, 2021)

\\n

\\n

Coca-Cola yesterday at a glance –

\\n

Coca-Cola closed at $50.2 after starting the session at $51.08 and dropping early to $49.95, overall Coca-Cola lost 87 cents of its value. Trading volume was 17.82 million, below the daily average of 18.06 million.

\\n

Coca-Cola immediate support is around $49.81, resistance level is at $51.6. At $50.52, Coca-Cola made an initial breakout below the 3 day Simple Moving Average. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $49.74, indicating a positive correction might be next.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Coca-Cola

\\n

\\n

\\n

Coca-Cola is suspending political donations, aside from a previously planned contribution to the inauguration https://t.co/tSCpMj9Bgh

\\n

— Bloomberg (@business) January 11, 2021

\\n

\\n

\\n\",\"\\n

Pfizer will open at $37.77 after four straight days of gains

\\n

(Last update 5:00am EST, January 12, 2021)

\\n

\\n

Pfizer yesterday at a glance –

\\n

The stock started the day at $37.22 and spiked to $37.83, closing at $37.77 gaining 64 cents overall. Trading volume was 42.03 million, around the average daily.

\\n

The nearest resistance level is at $42.56. 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 upper Bollinger band is at $38.72 and the lower is $36.11.

\\n

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

\\n

\\n

\\n

Pfizer’s partner BioNTech boosted the 2021 delivery target for their COVID-19 vaccine to 2 billion doses, up from 1.3 billion previously https://t.co/0MTaGMRxpT pic.twitter.com/dFKg5DFqa3

\\n

— Reuters (@Reuters) January 11, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session McDonald's is trading around $214.23 after losing 0.76% yesterday

\\n

(Last update 3:30am EST, January 12, 2021)

\\n

\\n

McDonald's yesterday at a glance –

\\n

McDonald's slid down from $215.87 to $214.23, taking a $1.64 loss (0.76%). Trading volume was 2.13 million, below the daily average of 3.03 million.

\\n

Although McDonald's is down today and was as low as $213.12, it seems to be recovering slightly and climbing away from the $210.22 support line and is now $4 above it. At $213.63, McDonald's made an initial breakout below the 50 day Simple Moving Average. The upper Bollinger band at $216.09, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for McDonald's

\\n\",\"\\n

Trend reversal? After three days of going down, Bitcoin up $464 today

\\n

(Last update 3:30am EST, January 12, 2021)

\\n

\\n

Bitcoin is recovering back to its previous close at $35,448 after dipping down to $33,829.

\\n

The upper Bollinger band is at $42,558 and the lower is $21,500.

\\n

\\n

\\n

Why XRP Is Outperforming Bitcoin Today $XRP $BTC $ETHhttps://t.co/CDktYMrNsI

\\n

— Benzinga (@Benzinga) January 12, 2021

\\n

\\n

\\n\",\"\\n

Gold crawls to $1,856.4 up $5.6

\\n

(Last update 3:31am EST, January 12, 2021)

\\n

\\n

Light green, mostly flat: Gold ranges between $1,861.6 and 1,841 and is now at $1,856.4.

\\n

The nearest resistance level is at $1,952.7. At $1,873.7, Gold made an initial breakout above the 3 day Simple Moving Average. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The upper Bollinger band is at $1,945 and the lower is $1,823.64.

\\n

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

\\n

\\n

\\n

Gold halts losing run as investors weigh dollar, stimulus bets https://t.co/SOD1O5yPxR

\\n

— Bloomberg (@business) January 12, 2021

\\n

\\n

\\n\",\"\\n

Crude oil rallies beyond $52.77 for the first time in 10 months

\\n

(Last update 3:31am EST, January 12, 2021)

\\n

\\n

After starting the day at $52.25, oil rallied to $52.77, hitting its highest point in 10 months, It later lost 15 cents and is now trading at $52.62

\\n

Crude immediate resistance is around $52.8, nearest support level is at $49.1. The Relative Strength Index indicates crude oil is in overbought condition. Although up today, worth noting that at $52.19, Crude made an initial breakout below the 3 day Simple Moving Average earlier. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at $52.52, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Oil climbed as the dollar declined.

\\n

Meanwhile, the International Energy Agency said a `big chunk' of U.S. shale is profitable at current prices https://t.co/KIQS2zVxAn #OOTT pic.twitter.com/kGZ5nGM136

\\n

— Helen Robertson (@HelenCRobertson) January 12, 2021

\\n

\\n

\\n\",\"\\n

Euro/Dollar hovers around 1.2162

\\n

(Last update 3:31am EST, January 12, 2021)

\\n

\\n

EUR/USD trading at 1.2162 with no clear-cut direction, ranging between 1.2177 and 1.2143.

\\n

The Euro is getting closer and is now only 77 pips from the support line at 1.2085. Dipping below it might indicate further losses are ahead. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band is at 1.2137, indicating a positive move might be next.

\\n

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

\\n

\\n

\\n

Good news! @AstraZeneca has applied to @EMA_News to have its vaccine authorised in the EU. @EMA_News will assess the vaccine’s safety & efficacy.

\\n

Once the vaccine receives a positive scientific opinion, we will work full speed to authorise its use in Europe.

\\n

— Ursula von der Leyen (@vonderleyen) January 12, 2021

\\n

\\n

\\n\",\"\\n

Pound/Dollar up 75 pips, trading around 1.359

\\n

(Last update 5:21am EST, January 12, 2021)

\\n

\\n

The GBP/USD rallied 75 pips (0.56%) deep into the session trading at 1.359.

\\n

The Pound/Dollar broke through the 1.3581 resistance, and climbed above it by 8 pips. At 1.3575, The British Pound made an initial breakout above the 10 day Simple Moving Average. The upper Bollinger band is at 1.3685, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Britain's GMB union announces second five day strike at Centrica's British gas https://t.co/PAA295qJN4 pic.twitter.com/5u5UDKi8Uk

\\n

— Reuters (@Reuters) January 12, 2021

\\n

\\n

\\n\",\"\\n

Yen goes back up to December 2020 levels, reaching 104.33

\\n

(Last update 5:21am EST, January 12, 2021)

\\n

\\n

After opening at 104.21, USD/JPY reached 104.33, breaking a 5 – week record. Later, it lost 14 pips and is now trading at 104.18.

\\n

The Yen's nearest support level is at 102.71. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 104.21, indicating a downward move might be next.

\\n

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

\\n

\\n

\\n

Japan to widen state of emergency beyond Tokyo as virus surges: media https://t.co/4pOz0WWZdj pic.twitter.com/WuWUahMOpd

\\n

— Reuters (@Reuters) January 12, 2021

\\n

\\n

\\n\",\"\\n

Swiss franc rallies beyond 0.8916 for the first time in 5 weeks

\\n

(Last update 5:21am EST, January 12, 2021)

\\n

\\n

After starting the day at 0.89, USD/CHF rallied to 0.8916, hitting its highest point in 5 weeks, It later lost 10 pips and is now trading at 0.8906

\\n

The Swiss franc's nearest support level is at 0.8783. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 0.8925, indicating a downward move might be next.

\\n

Overall, technical indicators suggest the Dollar/Swiss has no obvious direction for the immediate future.

\\n\",\"\\n

Aussie/Dollar goes up to 0.7733 up 32 pips

\\n

(Last update 5:21am EST, January 12, 2021)

\\n

\\n

Hesitant but green: from an earlier low of 0.7689, AUD/USD is up to 0.7733 gaining 32 pips compared to the 0.77 start of the day (0.42%).

\\n

The Aussie/Dollar nearest support level is at 0.7628. At 0.7717, Aussie/Dollar made an initial breakout above the 5 day Simple Moving Average. Even though currently pointing up, the medium-term trend indication 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 0.7776, 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 Aussie/Dollar

\\n

\\n

\\n

Australia has blocked a A$300m takeover offer by a Chinese state-owned company for a local building contractor on 'national security' grounds, in a move that reflects intensifying diplomatic and trade tensions https://t.co/3APqWCP1wJ pic.twitter.com/EKMgLEcTrG

\\n

— Financial Times (@FinancialTimes) January 12, 2021

\\n

\\n

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