\\n
Nasdaq yesterday at a glance – small gains for NASDAQ at 13,072.43 after ranging between 12,964 and 13,105.
\\nThe Nasdaq green move takes place amid mixed market indicators – United States JOLTs Job Openings (Nov) is released with a new figure of 6.53 million, This is down from preceding data of 6.63 million.
\\nMore data out yesterday as United States API Weekly Crude Oil Stock fell short of the -2.70 million projection to -5.82 million and continued its downward trajectory from the previous figure of -1.66 million. The United States 10-Year Note Auction was released yesterday at 6:00 PM with a figure of 1.164, This is better than the previous number of 0.951.
\\nThe Nasdaq is getting closer and is now only 129.55 points from the resistance line at 13,202, Crossing it might suggest further gains are ahead. Although up today, worth noting that at 12,973, Nasdaq made an initial breakout below the 5 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 13,167, 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
\\nOther assets are showing mixed performance, as Facebook fell to $250.3, hitting a 3 month low. Microsoft is eyeing the $210.11 support line
\\nThe market is looking forward to United States Crude Oil Inventories projected to outperform last figure at -2.27 million, while it previously stood at -8.01 million, data will be released today at 3:30 PM. United States Initial Jobless Claims are projected to outperform last figure at 780,000, while it previously stood at 787,000, Data will be released tomorrow at 1:30 PM. United States Fed Chair Powell's speech is set for tomorrow at 5:30 PM.
\\nThe Nasdaq social media highlights:
\\n\\n\\n\\n\\n\",\"\\nThe S&P 500 was near unchanged while the Dow and Nasdaq posted small gains as investors waited for earnings season and for what's next in efforts to impeach President Trump https://t.co/UYXlEo4QEs pic.twitter.com/BriDjSeyRh
\\n— Reuters (@Reuters) January 13, 2021
(Last update 5:02am EST, January 13, 2021)
\\n\\nDow Jones yesterday at a glance –
\\nLight green, mostly flat: Dow Jones ranged between 31,114.56 and 30,888.76 and it closed at 31,068.69.
\\nThe Dow immediate resistance is around 31,159.25, nearest support level is at 30,015.51. At 31,049.26, Dow made an initial breakout above the 3 day Simple Moving Average. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 31,229.19, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems Dow Jones is likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe S&P 500 was near unchanged while the Dow and Nasdaq posted small gains as investors waited for earnings season and for what's next in efforts to impeach President Trump https://t.co/UYXlEo4QEs pic.twitter.com/BriDjSeyRh
\\n— Reuters (@Reuters) January 13, 2021
(Last update 5:02am EST, January 13, 2021)
\\n\\nS&P 500 yesterday at a glance –
\\nA mostly flat day for the S&P 500 as it ranged between 3,810.78 and 3,776.51 and closed at 3,801.19.
\\nThe S&P is getting closer and is now only 45.12 points from the support line at 3,756. Dipping below it might indicate further losses are ahead. At 3,780.62, S&P 500 made an initial breakout below the 5 day Simple Moving Average. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 3,825, indicating a downward move might be next.
\\nOverall, technical indicators suggest S&P has no obvious direction for the immediate future.
\\n\",\"\\n(Last update 5:02am EST, January 13, 2021)
\\n\\nApple yesterday at a glance –
\\nApple recovered back to $128.8 after dipping down to $126.86 in a session that started at $128.98. Trading volume was 88.57 million, below the daily average of 113.45 million.
\\nApple's nearest support level is at $113.85. At $129.45, Apple made an initial breakout above the 21 day Simple Moving Average. The MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. The upper Bollinger band is at $135.75 and the lower is $125.11.
\\nOverall, looking at the technical analysis landscape, it seems Apple is pretty hot and might start pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nFoxconn is setting up a car venture, strengthening its automotive capabilities as Apple looks to expand into vehicles https://t.co/8U4HXwwJcX
\\n— Bloomberg Markets (@markets) January 13, 2021
(Last update 5:02am EST, January 13, 2021)
\\n\\nAfter starting the day at $256.84 Facebook dropped to $250.3, hitting its lowest point in 3 months, it later recovered 78 cents and closed at $251.09
\\nFacebook immediate support is around $247.69, 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 $253.45, indicating a positive correction might be next.
\\nOverall, the technical analysis suggests Facebook is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nPresident Trump has been banished from Twitter, Facebook and Snapchat. It was a big step for Big Tech, but it's unlikely to end criticism of the way the companies handle such things as misinformation and hate speech.https://t.co/XvS7oICNrE
\\n— The Associated Press (@AP) January 13, 2021
(Last update 5:02am EST, January 13, 2021)
\\n\\nAmazon yesterday at a glance –
\\nAmazon traded steadily yesterday, ranging between $3,142 and 3,086 and closed at $3,120.83. Trading volume was 3.37 million, below the daily average of 3.64 million.
\\nAmazon's resistance level is at 3,322. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band is at $3,087.48, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Amazon might be pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon urged a judge not to order the company to restore web-hosting service to Parler, the conservative social media platform https://t.co/Bq5kjsRBrV
\\n— Bloomberg (@business) January 13, 2021
(Last update 5:50am EST, January 13, 2021)
\\n\\nMicrosoft yesterday at a glance –
\\nMicrosoft closed at $214.93 after starting the session at $217.49 and dropping early to $213.32, overall Microsoft lost $2.56 of its value. Trading volume was 23.25 million, below the daily average of 27.43 million.
\\nMicrosoft is getting close and is now only $4.82 from the support line at $210.11. Dipping below it might indicate further losses are ahead. At $215.77, Microsoft made an initial breakout below the 50 day Simple Moving Average. The MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. The lower Bollinger band at $212.44, indicating a positive correction might be next.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Microsoft might reverse course and start pointing upward in the short term.
\\n\",\"\\n(Last update 5:51am EST, January 13, 2021)
\\n\\nGoogle yesterday at a glance –
\\nAlphabet recovered back almost all the way to $1,766.72 after dipping down to $1,725.44. Trading volume was 1.36 million, below the daily average of 1.57 million.
\\nGoogle is getting close and is now only $23.05 from the support line at $1,723.5. Dipping below it might indicate further losses are ahead. At $1,754.22, Google made an initial breakout below the 50 day Simple Moving Average. 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 lower Bollinger band at $1,709.81, indicating a positive correction might be next.
\\nOverall, technical indicators suggest Google has no obvious direction for the immediate future.
\\n\\n
\\n\\n\\n\\n\",\"\\nGoogle suspends Trump's YouTube account, disables comments https://t.co/iVwVRp7hvt
\\n— CNBC (@CNBC) January 13, 2021
(Last update 5:51am EST, January 13, 2021)
\\n\\nTesla yesterday at a glance –
\\nHesitant but green: from an early low of $827.34, Tesla went up to $849.44 and gained $38.25 compared to the $811.19 start of the day (4.72%). Trading volume was 46.27 million, below the daily average of 54.01 million.
\\nTesla is getting close and is now only $30.58 from the resistance line at $880.02, crossing it might suggest further gains are ahead. The Relative Strength Index indicates Tesla is in overbought condition, keep an eye out for a slowdown in gains. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at $877.46, indicating a negative correction might be next.
\\nOverall, technical indicators suggest Tesla has no obvious direction for the immediate future.
\\n\\n
\\n\\n\\n\\n\",\"\\nTesla's Model Y is set to emerge as a major disruptor as China EV sales zoom in 2021 https://t.co/aUAsdmY7EB pic.twitter.com/mkK7dQOjwb
\\n— Reuters (@Reuters) January 13, 2021
(Last update 5:50am EST, January 13, 2021)
\\n\\nAfter starting the day at $337.71 Zoom dropped to $331.51, hitting its lowest point in 4 months, it later recovered $25.3 and closed at $356.81
\\nThe nearest resistance level is at $478.36. At $349.09, Zoom made an initial breakout above the 10 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 upper Bollinger band is at $420.48 and the lower is $318.78.
\\nOverall, looking at the technical analysis landscape, it seems Zoom is pretty hot and might continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nTesla's Model Y is set to emerge as a major disruptor as China EV sales zoom in 2021 https://t.co/aUAsdmY7EB pic.twitter.com/mkK7dQOjwb
\\n— Reuters (@Reuters) January 13, 2021
(Last update 5:51am EST, January 13, 2021)
\\n\\nNetflix yesterday at a glance –
\\nNetflix closed at $494.25 after starting the session at $499.1 and dropping early to $485.67, overall Netflix lost $4.85 of its value. Trading volume was 5.99 million, above the daily average of 3.64 million.
\\nNetflix immediate support is around $486.28, resistance level is at $540.73. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $491.81, indicating a positive correction might be next.
\\nOverall, technical indicators suggest Netflix has no obvious direction for the immediate future.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe breadth of Netflix’s content tells the story of the tumult in the movie business during the pandemic, @nicsperling writes. The biggest streaming service of them all has become a savior with its broad reach and little dependence on distribution. https://t.co/f1TGd5OIru
\\n— NYT Business (@nytimesbusiness) January 13, 2021
(Last update 6:00am EST, January 13, 2021)
\\n\\nWalmart yesterday at a glance –
\\nAfter starting yesterday at $147.29 Walmart went up to $149.93 only to drop back to the half way point range, closing at $148.97. Trading volume was 7.54 million, below the daily average of 8.15 million.
\\nThe nearest resistance level is at $152.79. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at $148.85, indicating a negative correction might be next.
\\nOverall, the technical analysis suggests Walmart is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nUNITED STATES: Walmart will stop its donations to the campaigns of Republicans who rejected the certification of Biden’s election victory
\\n— The Spectator Index (@spectatorindex) January 13, 2021
(Last update 6:01am EST, January 13, 2021)
\\n\\nProcter & Gamble yesterday at a glance –
\\nProcter & Gamble closed at $137.05 after starting the session at $137.85 and dropping early to $136.24, overall Procter & Gamble lost 79 cents of its value. Trading volume was 5.57 million, below the daily average of 6.65 million.
\\nProcter & Gamble is getting close and is now only $1.54 from the support line at $135.51. Dipping below it might indicate further losses are ahead. 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 lower Bollinger band at $136.03, indicating a positive correction might be next.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Procter & Gamble might reverse course and start pointing upward in the short term.
\\n\",\"\\n(Last update 6:01am EST, January 13, 2021)
\\n\\nWalt Disney yesterday at a glance –
\\nWalt Disney closed at $176 after starting the session at $179.09 and dropping early to $174.86, overall Walt Disney lost $3.1 of its value. Trading volume was 8.07 million, below the daily average of 14.58 million.
\\nWalt Disney broke through the $175.72 support line and dropped 26 cents below it. The upper Bollinger band is at $182.57 and the lower is $169.83.
\\nOverall, looking at the technical analysis landscape, it seems further drawbacks may be next for Walt Disney.
\\n\",\"\\n(Last update 6:01am EST, January 13, 2021)
\\n\\nCoca-Cola yesterday at a glance –
\\nLight red but with no obvious direction, Coca-Cola traded at $50.11 after ranging between $50.37 and $49.76. Trading volume was 16.91 million, below the daily average of 18.31 million.
\\nThe nearest support level is at $49.79. If Coca-Cola declines below the first line, it might head towards the next support at $49.47. resistance level is at $51.6, followed by $54.84 at the next level. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $49.38, indicating a positive correction might be next.
\\nOverall, the technical analysis suggests Coca-Cola is neutral for the immediate future, with no clear-cut direction.
\\n\",\"\\n(Last update 6:00am EST, January 13, 2021)
\\n\\nPfizer yesterday at a glance –
\\nPfizer closed at $37.18 after starting the session at $37.77 and dropping early to $36.82, overall Pfizer lost 59 cents of its value. Trading volume was 45.94 million, above the daily average of 41.55 million.
\\nPfizer's immediate support is around $36.74, resistance level is at $42.56. At $37.03, Pfizer made an initial breakout below the 10 day Simple Moving Average. Even though currently pointing down, the 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 $38.28 and the lower is $36.29.
\\nOverall, the technical analysis suggests Pfizer is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer is investigating the death of a health-care worker 16 days after the person received the first dose of the company’s Covid-19 vaccine https://t.co/1hvwXwSh6s
\\n— Bloomberg (@business) January 13, 2021
(Last update 6:05am EST, January 13, 2021)
\\n\\nMcDonald's yesterday at a glance –
\\nMcDonald's closed at $211.6 after starting the session at $214.23 and dropping early to $210.94, overall McDonald's lost $2.63 of its value. Trading volume was 2.65 million, below the daily average of 3.03 million.
\\nAlthough McDonald's is down today and was as low as $210.94, it seems to be recovering slightly and climbing away from the $207.76 support line and is now $3.84 above it. Although down today, worth noting that at $213.62, McDonald's made an initial breakout above the 50 day Simple Moving Average earlier. The lower Bollinger band at $209.63, indicating a positive correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems McDonald's pretty hot and might start pointing upward in the short term.
\\n\",\"\\n(Last update 6:05am EST, January 13, 2021)
\\n\\nBitcoin posts light gains on a low-volatility day, ranging between $35,049 and $32,643 and is now at $34,900.
\\nThe upper Bollinger band is at $42,264 and the lower is $22,726.
\\n\\n
\\n\\n\\n\\n\",\"\\nThis Bitcoin Investor Is Warning Against Being Your Own Bank After Losing $234M $BTC $GBTC $ETHhttps://t.co/n3ckM1Kycu
\\n— Benzinga (@Benzinga) January 13, 2021
(Last update 6:06am EST, January 13, 2021)
\\n\\nAfter starting the day at $1,844.2 gold went up to 1,863 only to drop back to half way point range and is now trading at $1,856.
\\nThe nearest resistance level is at $1,952.7. At $1,860, Gold made an initial breakout above the 50 day Simple Moving Average. The upper Bollinger band is at $1,946 and the lower is $1,820.
\\nOverall, looking at the technical analysis landscape, it seems Gold is likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nUBS paints a bearish case for gold https://t.co/oCG3SYwYaC
\\n— ForexLive (@ForexLive) January 13, 2021
(Last update 6:06am EST, January 13, 2021)
\\n\\nAfter opening at $53.21, oil reached $53.93, breaking a 10 month record. Later, it lost 56 cents and is now trading at $53.37.
\\nOil immediate resistance is around $53.75, nearest support level is at $49.1. The Relative Strength Index indicates crude oil is in overbought condition, keep an eye out for a slowdown of gains. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at $53.36, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems Crude is likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nGrowth in oil demand will hinge on jet-fuel use, which is unlikely to recover until the third quarter of the year, Vitol says https://t.co/rard7xwprF via @_MissVee_ #OOTT
\\n— Helen Robertson (@HelenCRobertson) January 13, 2021
(Last update 6:05am EST, January 13, 2021)
\\n\\nCurrently light red but with no clear-cut direction, EUR/USD trading at 1.2179 after ranging today between 1.2226 and 1.2179.
\\nThe Euro/Dollar is getting closer and is now only 94 pips from the support line at 1.2085. Dipping below it might indicate further losses are ahead. Although down today, worth noting that at 1.222, Euro/Dollar made an initial breakout above the 21 day Simple Moving Average earlier. The lower Bollinger band was at 1.2148, indicating a positive correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Euro/Dollar pretty hot and might start pointing upward in the short term.
\\n\",\"\\n(Last update 5:21am EST, January 13, 2021)
\\n\\nAfter starting the day at 1.3662, GBP/USD rallied to 1.37, hitting its highest point in 2 years, It later lost 15 pips and is now trading at 1.3685
\\nThe Pound's nearest support level is at 1.3365. 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 1.3716, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems the British Pound is likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nUK could use hotels for patients in further COVID backup plan, says minister https://t.co/tLhhBYJTfo pic.twitter.com/peu8NrsFPZ
\\n— Reuters (@Reuters) January 13, 2021
(Last update 5:20am EST, January 13, 2021)
\\n\\nUSD/JPY is recovering back to previous close at 103.77 after dipping down to 103.49.
\\nThe Dollar/Yen approaches the closest resistance line at 104.52 and is now only 63 pips away, Crossing it might suggest further gains are ahead. Although up today, worth noting that at 103.27, Yen made an initial breakout below the 3 day Simple Moving Average earlier. The upper Bollinger band is at 104.16, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Dollar/Yen is likely to reverse course and start pointing down in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nJapan PM Suga: Decided to expand state of emergency to prevent virus spread to other regions https://t.co/lnloRb1Glp
\\n— ForexLive (@ForexLive) January 13, 2021
(Last update 5:21am EST, January 13, 2021)
\\n\\nUSD/CHF is recovering back to previous close at 0.8866 after dipping down to 0.8844.
\\nThe Dollar/Swiss nearest support level is at 0.8783. Although up today, worth noting that at 0.8856, Swiss franc made an initial breakout below the 21 day Simple Moving Average earlier. The upper Bollinger band is at 0.8921, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Swiss franc is likely to reverse course and start pointing down in the short term.
\\n\",\"\\n(Last update 5:21am EST, January 13, 2021)
\\n\\nAfter starting the day at 0.777, AUD/USD rallied to 0.7785, hitting its highest point in 2 years, It later lost 35 pips and is now trading at 0.7749
\\nThe Australian dollar's nearest support level is at 0.7628, followed by 0.7524 at the next level. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band was at 0.7796, indicating a further downward move might be next.
\\nOverall, technical indicators suggest the Australian dollar has no obvious direction for the immediate future.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 13 January 2021 – 06:21:09\",\"date\":\"2021-01-13T11:21:09\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }🇦🇺🇨🇳 China has accused Australia of ‘weaponising the concept of ‘national security’ after a $300m bid to buy a construction company was scuppered by Josh Frydenberg – The Australian https://t.co/5T20YBQRFK
\\n— Anthony Barton (@ABartonMacro) January 12, 2021