\\n
Nasdaq yesterday at a glance – light green but with no clear-cut direction, NASDAQ closed at 13,129 after it ranged between 13,171 and 13,051.
\\nThe uptick comes while some more positive signs for the Nasdaq are out as United States Crude Oil Inventories released earlier showed an improvement to -3.25 million from the preceding data of -8.01 million, but falls short of the projected -2.27 million.
\\nAt the same time, United States Federal Budget Balance (Dec) beat expectations of -200.00 billion with new data release of -144.00 billion. This is also a step forward from the previous data of -145.00 billion. The United States's Core Consumer Prices published yesterday at 1:30 PM came out at 1.6. The indicator value matched both the projected value and the previous data of 1.6.
\\nThe Nasdaq is getting closer and is now only 73.03 points from the resistance line at 13,202, Crossing it might suggest further gains are ahead. At 13,103.61, the Nasdaq 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 13,201.83, indicating a negative correction might be next. Overall, technical indicators suggest Nasdaq has no obvious direction for the immediate future.
\\nA look at other markets shows behavior that usually indicates a green move for the Nasdaq, as Apple is trading at $130.89 after gaining 1.62%.
\\nAt the same time, The Shanghai Composite Index lost 32.75 points from the start of the session, trading at 3,566 levels.
\\nThe market is looking forward to the United States Producer Price Index, projected to outperform last figure with 0.3, while it previously stood at 0.1, data will be released tomorrow at 1:30 PM. United States Core Retail Sales is projected to outperform last figure at -0.1 while it previously stood at -0.9, data will be released tomorrow at 1:30 PM. United States Retail Sales is projected to outperform the last figure at -0.2, while it previously stood at -1.1, data will be released tomorrow at 1:30 PM.
\\nThe Nasdaq social media highlights:
\\n\\n\\n\\n\\n\",\"\\nBilltrust’s intelligent AR solutions enable companies to create their own financial success stories.
\\nJoin us in celebrating #NasdaqListed, @billtrust’s success story as they ring the @Nasdaq Closing Bell on their IPO day! 🎉 pic.twitter.com/OH0RZUn90t
\\n— Nasdaq (@Nasdaq) January 13, 2021
(Last update 7:02am EST, January 14, 2021)
\\n\\nDow Jones yesterday at a glance –
\\nThe Dow Jones closed at 31,060.47 with no clear-cut direction and ranged between 31,153.37 and 30,992.
\\nThe Dow's nearest support level is at 30,046.24. At 31,058.45, Dow 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 is at 31,297, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Dow Jones might be pointing down in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nChina denied entry to two WHO mission members after failed Covid-19 screenings in Singapore, the Dow Jones reports https://t.co/Kzv4VcQZvK
\\n— Bloomberg (@business) January 14, 2021
(Last update 7:02am EST, January 14, 2021)
\\n\\nS&P yesterday at a glance –
\\nWith a daily low of 3,791.5, S&P 500 closed at 3,810 after starting the day at 3,801.19 and gaining 8.65 points (0.23%).
\\nS&P immediate resistance is around 3,823.37, nearest support level is at 3,756. Although up today, worth noting that at 3,795.48, S&P 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 3,835.46, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for S&P
\\n\",\"\\n(Last update 7:02am EST, January 14, 2021)
\\n\\nApple yesterday at a glance –
\\nStarting at $128.76 the stock rallied $2.09 and maintained at the $130.89 level. Trading volume was 88.64 million, below the daily average of 113.54 million.
\\nThe nearest resistance level is at $136.69. At $129.72, 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 $135.81 and the lower is $125.56.
\\nOverall, looking at the technical analysis landscape, it seems Apple is pretty hot and might continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nTSMC Boosts Q1 Revenue Forecast, Apple Supplier Sees Surging Global Chip Demandhttps://t.co/C4uGyzAdWo@mdbaccardax$TSM
\\n— TheStreet (@TheStreet) January 14, 2021
(Last update 7:02am EST, January 14, 2021)
\\n\\nFacebook yesterday at a glance –
\\nFacebook closed at $251.64 with no clear-cut direction and ranged between $253.95 and $249.2. Trading volume was 18.34 million, above the daily average of 17.97 million.
\\nFacebook's 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 is at $251.02, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Facebook might be pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe sperm kings of America have a problem: too much demand. So women are joining unregulated Facebook groups to find willing donors. Listen to @NellieBowles’s narrated story here and on @audmapp. https://t.co/cg5Kcei8wz
\\n— NYT Business (@nytimesbusiness) January 14, 2021
(Last update 7:02am EST, January 14, 2021)
\\n\\nAmazon yesterday at a glance –
\\nStarting at $3,128.44 the stock rallied to $45.06 and maintained at the $3,166 level. Trading volume was 3.32 million, below the daily average of 3.65 million.
\\nAmazon eyes resistance at $3,220 and is now only $54.19 away. Crossing it might suggest a continuation of a positive trend. At $3,167, Amazon made an initial breakout above the 50 day Simple Moving Average. The lower Bollinger band is at $3,094.56, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Amazon is likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nConnecticut probes Amazon's digital books business for anti-competitive behavior https://t.co/WvgPn30Y5z pic.twitter.com/dqdSLmI9ig
\\n— Reuters (@Reuters) January 14, 2021
(Last update 6:35am EST, January 14, 2021)
\\n\\nMicrosoft yesterday at a glance –
\\nWith a daily low of $213.93, Microsoft closed at $216.34 after starting the day at $214.93 and gaining $1.41 (0.66%). Trading volume was 20.09 million, below the daily average of 26.90 million.
\\nThe nearest resistance level is at $224.96. At $215.97, Microsoft made an initial breakout above 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 is at $213.07, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Microsoft is pretty hot and might continue pointing upward in the short term.
\\n\",\"\\n(Last update 6:35am EST, January 14, 2021)
\\n\\nGoogle yesterday at a glance –
\\nSmall gains for Alphabet at $1,754.4 after ranging between $1,738 and 1,765. Trading volume was 1.09 million, below the daily average of 1.57 million.
\\nAlthough Google is green today and was as high as 1,765, it seems to be slowing down slightly and moving away from the $1,807.21 resistance line, and is now $52.81 below it. At $1,757.81, Google made an initial breakout above the 50 day Simple Moving Average. The upper Bollinger band is at $1,792, indicating a negative correction might be next.
\\nOverall, the technical analysis suggests Google is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nGoogle removes lending apps in India to protect consumers https://t.co/95ObME9f9s pic.twitter.com/LUN4MonAZG
\\n— Reuters (@Reuters) January 14, 2021
(Last update 6:36am EST, January 14, 2021)
\\n\\nTesla yesterday at a glance –
\\nTesla recovered back all the way to $854.41 after it traded lower at 832. Trading volume was 33.31 million, below the daily average of 53.39 million.
\\nTesla is getting close and is now only $25.61 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. Although up today, worth noting that at $846.88, Tesla 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 $895, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Tesla.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe National Highway Traffic Safety Administration asked Tesla to recall 158,000 Model S and Model X vehicles over media control unit failures that could pose safety risks by leading to touchscreen displays not working https://t.co/ER2sdAlPRV pic.twitter.com/3vawmX2aEh
\\n— Reuters (@Reuters) January 14, 2021
(Last update 6:35am EST, January 14, 2021)
\\n\\nZoom yesterday at a glance –
\\nStarting at 360, the stock rallied $7.82 and maintained at the $364.63 level. Trading volume was 14.06 million, above the daily average of 6.54 million.
\\nThe nearest resistance level is at $478.36. At $372.8, Zoom made an initial breakout above the 21 day Simple Moving Average. The upper Bollinger band is at $417.05 and the lower is $319.51.
\\nOverall, looking at the technical analysis landscape, it seems Zoom is likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nZoom lunch? Walk in the park? Europe's recruiters adapt to Covid https://t.co/kc0Km3zEv0 pic.twitter.com/ryLSCFPkhT
\\n— Reuters (@Reuters) January 14, 2021
(Last update 6:35am EST, January 14, 2021)
\\n\\nNetflix yesterday at a glance –
\\nStarting at $495.5 the stock rallied $13.54 and maintained at the $507.79 level. Trading volume was 5.03 million, above the daily average of 3.74 million.
\\nNetflix is getting close and is now only $8 from the resistance line at $515.78, crossing it might suggest further gains are ahead. At $502.92, Netflix made an initial breakout above the 50 day Simple Moving Average. The lower Bollinger band is at $493.29, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Netflix is likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\n$NFLX | Citigroup Raises Netflix Price Target To $580 From $450
\\n— LiveSquawk (@LiveSquawk) January 14, 2021
(Last update 7:01am EST, January 14, 2021)
\\n\\nWalmart yesterday at a glance –
\\nWalmart slid down from $148.97 to $147.45, taking a $1.52 loss (1.02%). Trading volume was 5.16 million, below the daily average of 8.13 million.
\\nThe nearest support level is at $143.22 while the closest resistance is at $149.09. At $147.63, Walmart 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 $148.72, indicating a further downward move might be next.
\\nOverall, 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 Walmart.
\\n\\n
\\n\\n\\n\\n\",\"\\nIndian stores shuttered by farmer protests cost Reliance, Walmart millions in revenue: sources https://t.co/8M9QZarp03 pic.twitter.com/qnzcW6HFbH
\\n— Reuters (@Reuters) January 14, 2021
(Last update 7:00am EST, January 14, 2021)
\\n\\nProcter & Gamble yesterday at a glance –
\\nAfter starting yesterday at $137.05 Procter & Gamble went up to $138.07 only to drop back to the half way point range, closing at $137.26. Trading volume was 5.61 million, below the daily average of 6.71 million.
\\nProcter & Gamble is getting close and is now only $1.75 from the support line at $135.51. Dipping below it might indicate further losses are ahead. At $137.85, Procter & Gamble made an initial breakout above the 21 day Simple Moving Average. The lower Bollinger band is at $136.16, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Procter & Gamble is pretty hot and might start pointing upward in the short term.
\\n\",\"\\n(Last update 7:00am EST, January 14, 2021)
\\n\\nWalt Disney yesterday at a glance –
\\nWalt Disney closed at $176.12 with no clear-cut direction and ranged between $177.73 and $173.74. Trading volume was 6.14 million, below the daily average of 10.68 million.
\\nWalt Disney's nearest support level is at $151.49. At $175.86, Walt Disney made an initial breakout above the 21 day Simple Moving Average. The upper Bollinger band is at $182.6 and the lower is $170.03.
\\nOverall, looking at the technical analysis landscape, it seems Walt Disney might be pointing upward in the short term.
\\n\",\"\\n(Last update 7:01am EST, January 14, 2021)
\\n\\nCoca-Cola yesterday at a glance –
\\nCoca-Cola traded steadily yesterday, ranging between $50.36 and $49.95 and closed at $50.16. Trading volume was 17.85 million, below the daily average of 18.78 million.
\\nThe Coca-Cola resistance level is at $51.6. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The upper Bollinger band is at $55.58 and the lower is $49.1.
\\nOverall, looking at all the technical indicators, it seems Coca-Cola might be pointing down in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nCoca-Cola has ended its long association with the International Life Sciences Institute, a blow to the powerful food organization known for its pro-sugar research and policies https://t.co/bi6WsBuLiS
\\n— Bloomberg Markets (@markets) January 14, 2021
(Last update 7:00am EST, January 14, 2021)
\\n\\nPfizer yesterday at a glance –
\\nPfizer closed at $36.86 after starting the session at $37.18 and dropping early to $36.64, overall Pfizer lost 32 cents of its value. Trading volume was 29.84 million, below the daily average of 40.17 million.
\\nPfizer's immediate support is around $36.61, resistance level is at $42.56. At $36.77, Pfizer made an initial breakout below the 200 day Simple Moving Average. The lower Bollinger band at $36.4, indicating a positive correction might be next.
\\nOverall, technical indicators suggest Pfizer has no obvious direction for the immediate future.
\\n\\n
\\n\\n\\n\\n\",\"\\n#Coronavirus latest
\\n-WHO experts arrive in Wuhan to investigate the origins of Covid-19
\\n
-Philippines approves Pfizer vaccine for emergency use
-Global cases top 92 million, deaths surpass 1.97 million
-China records first Covid death in 9 monthshttps://t.co/0mMJaVenDa— Bloomberg Markets (@markets) January 14, 2021
(Last update 5:56am EST, January 14, 2021)
\\n\\nMcDonald's yesterday at a glance –
\\nLight green but with no clear-cut direction, McDonald's closed at $212.09 after it ranged between $213.13 and $210.9. Trading volume was 2.00 million, below the daily average of 3.01 million.
\\nMcDonald's is getting close and is now only $3.78 from the resistance line at $215.87, crossing it might suggest further gains are ahead. At $212.57, McDonald's made an initial breakout above the 21 day Simple Moving Average. The upper Bollinger band is at $215.68, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for McDonald's
\\n\",\"\\n(Last update 5:56am EST, January 14, 2021)
\\n\\nLight green, mostly flat: Bitcoin ranges between $38,700 and $36,869 and is now at $38,128.
\\nThe upper Bollinger band is at $42,800 and the lower is $23,777.
\\n\\n
\\n\\n\\n\\n\",\"\\nIf some portfolio managers decide they are interested in investing in bitcoin, its value could climb further—or, at least, there could be a floor to it https://t.co/9qIHr7LyS8
\\n— The Economist (@TheEconomist) January 14, 2021
(Last update 5:56am EST, January 14, 2021)
\\n\\nGold slid down from $1,855 to $1,840, losing $15 (0.81%).
\\nThe Gold resistance level is at $1,952.7. Although down today, worth noting that at $1,843, Gold made an initial breakout above the 5 day Simple Moving Average earlier. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $1,814.61, 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 Gold might reverse course and start pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nLose the bid in gold … Biden $2tln stimulus report impacting https://t.co/1Q8VcHpOwY
\\n— ForexLive (@ForexLive) January 14, 2021
(Last update 5:56am EST, January 14, 2021)
\\n\\nA mostly flat day so far for crude ranging between $53.29 and $52.5 and is now at $53.03.
\\nCrude oil's nearest support level is at $49.1. The Relative Strength Index indicates oil is in overbought condition, keep an eye out for a slowdown of gains. At $52.79, crude oil 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 is at $53.78, indicating a downward move might be next.
\\nOverall, the technical analysis suggests crude oil is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nOil and gas contracts should drive climate gains https://t.co/hx0lNOgn2K | opinion
\\n— Financial Times (@FT) January 14, 2021
(Last update 5:56am EST, January 14, 2021)
\\n\\nThe EUR/USD price varies between 1.214 and 1.2177 and settles at 1.2171.
\\nThe Euro/Dollar is getting closer and is now only 86 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 1.2141, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Euro might be pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nECB Is No Longer a Reliable Cash Machine for Governments … BBG
\\nEuro-zone monetary policy is subsidizing the finance industry to such a degree that national central banks are having to curtail cash distributions they normally hand to governmenthttps://t.co/0b8oVCewq3#ECB
\\n— Trading Floor Audio (@TradeFloorAudio) January 14, 2021
(Last update 6:20am EST, January 14, 2021)
\\n\\nAfter starting the day at 1.364, GBP/USD rallied to 1.368, hitting its highest point in 2 years, It later lost 30 pips and is now trading at 1.365
\\nThe Pound's nearest support level is at 1.3365. The upper Bollinger band is at 1.3718, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the pound/dollar might be pointing down in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe case for impeaching Donald Trump was unassailable. The Senate should move fast to convict him, too. Our cover in North America and Britain this week https://t.co/RGgBXHLcZJ pic.twitter.com/NMcD8qxibg
\\n— The Economist (@TheEconomist) January 14, 2021
(Last update 6:20am EST, January 14, 2021)
\\n\\nHesitant but green: from an earlier low of 103.76, USD/JPY is up to 104, gaining 15 pips compared to 103.84 at the start of the day (0.14%).
\\nThe Yen is approaching the closest resistance line at 104.52 and is now only 52 pips away, crossing it might suggest further gains are ahead. At 104, dollar/yen made an initial breakout above the 50 day Simple Moving Average. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 104.22, indicating a negative correction might be next.
\\nOverall, technical indicators suggest the Dollar/Yen has no obvious direction for the immediate future.
\\n\",\"\\n(Last update 6:20am EST, January 14, 2021)
\\n\\nSmall gain for USD/CHF at 0.8888 after ranging today between 0.8858 and 0.8892.
\\nThe Swiss franc's nearest support level is at 0.8783. Although up today, worth noting that at 0.8874, Dollar/Swiss made an initial breakout below the 3 day Simple Moving Average earlier. The upper Bollinger band is at 0.8924, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems Dollar/Swiss is likely to reverse course and start pointing down in the short term.
\\n\",\"\\n(Last update 6:20am EST, January 14, 2021)
\\n\\nHesitant but green: from an earlier low of 0.773, AUD/USD is up to 0.777, gaining 31 pips compared to the 0.7738 start of the day (0.41%).
\\nThe Aussie's nearest support level is at 0.7628. At 0.7741, Aussie 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 0.7807, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems Aussies are likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 14 January 2021 – 07:21:09\",\"date\":\"2021-01-14T12:21:09\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }A racing pigeon that survived an exhausting 8,000-mile journey across the Pacific Ocean from the U.S. to Australia is expected to be killed because quarantine authorities say it poses a disease risk. https://t.co/5XZRgGaPIU
\\n— The Associated Press (@AP) January 14, 2021