\\n
\\n\",\"\\n(Last update 9:31am EST, February 8, 2021)
\\n\\nAsset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 31,511.54 – a high enough level to usually suggest the Dow Jones is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Dow is likely to reverse course and start pointing down in the short term.
\\nThe Dow Jones started 2021 by gaining 1.74%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFutures this morning.
\\n✧ S&P 500 △ 0.37%
\\n
✧ Nasdaq △ 0.40%
✧ Russell 2K △ 0.73%
✧ Dow Jones △ 0.46% pic.twitter.com/NkeymqHJvu— Stocktwits (@Stocktwits) February 8, 2021
(Last update 9:31am EST, February 8, 2021)
\\n\\nAsset volatility analysis shows that the upper Bollinger band is at 3,907.2, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems S&P is likely to reverse course and start pointing down in the short term.
\\nThe S&P started 2021 by gaining 3.38%.
\\n\",\"\\n(Last update 9:31am EST, February 8, 2021)
\\n\\nJapanese Candlesticks formations detected today are the "Bearish harami”, Whenever it appears on top of a bullish overall trend, some traders would consider this as an indication of a reversal, of course.
\\nOverall, looking at the technical analysis landscape, it seems Apple is likely to continue pointing down in the short term.
\\nWith a market cap of $2.30 trillion Apple started 2021 by gaining 2.97%. So far this year it is under-performing the S&P by 0.41%.
\\n\\n
\\n\\n\\n\\n\",\"\\nApple’s talks with Hyundai have broken down without an agreement for the South Korean auto giant to assemble vehicles for the technology giant https://t.co/JrMHMyuAvu
\\n— The Wall Street Journal (@WSJ) February 8, 2021
(Last update 9:31am EST, February 8, 2021)
\\n\\nThe Asset volatility analysis shows that the upper Bollinger band is at $283.77 and the lower is $248.81.
\\nWith a market cap of $763.46 billion Facebook started 2021 by losing 1.9%. So far this year it is under-performing the S&P by 5.28%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPastor Doyle Bradford attended the “Save America” rally but said he didn't see violence on Jan. 6. His Facebook posts have sparked a conversation about the role of religion in America’s divisive politics in a small city in West Virginia’s “Trump country.” https://t.co/sa4FXWn932
\\n— The Associated Press (@AP) February 8, 2021
(Last update 9:31am EST, February 8, 2021)
\\n\\nTuesday, Amazon released its quarterly earnings, beating analysts' estimates. The company reported earnings of 14.09 per share on revenue of $125.56 billion, topping estimates of 7.16 per share on revenue of $119.68 billion.
\\nAsset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $3,433 – a high enough level to usually suggest Amazon is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems Amazon is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $1.69 trillion Amazon has started 2021 by gaining 2.86%. So far this year it is under-performing the S&P by 0.52%.
\\n\\n
\\n\\n\\n\\n\",\"\\nShell enters supply deal with Amazon to provide renewable energy https://t.co/mnJ7Xdy36S pic.twitter.com/exfYFlWgRX
\\n— Reuters (@Reuters) February 8, 2021
(Last update 8:41am EST, February 8, 2021)
\\n\\nMicrosoft Friday at a glance – Microsoft closed at $242.2 with no clear-cut direction and ranged between $243.28 and $240.42. Trading volume was 18.05 million, below the daily average of 37.35 million.
\\nThe Chart pattern study shows Microsoft's nearest support level is at $224.96. In terms of trend indicators, we can see that at $241.51, Microsoft made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. The MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. Asset volatility analysis shows that the upper Bollinger band is at $247.14, indicating a downward move might be next. However, the Relative Strength Index indicates Microsoft is in overbought condition, Keep an eye out for a slowdown of gains.
\\nOverall, looking at the technical analysis landscape, it seems Microsoft might be pointing down in the short term.
\\nWith a market cap of $1.83 trillion Microsoft started 2021 by gaining 8.17%. So far this year it is outperforming the Dow Jones by 6.43%.
\\n\\n
\\n\\n\\n\\n\",\"\\nMicrosoft has suspended political donations to Republicans who objected to Biden’s win https://t.co/y5YvCitNJl by @rachsandl pic.twitter.com/iv7xFSZrKw
\\n— Forbes (@Forbes) February 5, 2021
(Last update 8:41am EST, February 8, 2021)
\\n\\nGoogle Friday at a glance – Hesitant but green: from an early low of $2,059.33, Alphabet went up to $2,098 and gained $35.63 compared to the $2,062.37 start of the day (1.73%). Trading volume was 1.54 million, below the daily average of 2.08 million.
\\nTuesday, Google released its quarterly earnings, beating analysts' estimates. The company reported earnings of 22.3 per share on revenue of $56.90 billion, topping estimates of 15.7 per share on revenue of $52.89 billion.
\\nThe Chart pattern study shows Google's immediate resistance is around $2,114, nearest support level is at $1,917.24. Momentum evaluation shows The Relative Strength Index indicates Google is in overbought condition.
\\nOverall, looking at the technical analysis landscape, it seems Google might continue pointing upwards in the short term.
\\nWith a market cap of $1.41 trillion Google has started 2021 by gaining 16.78%. So far this year it is outperforming the S&P 500 by 13.4%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFord and Google are entering a 6-year deal that will make the tech giant responsible for much of Ford’s growing in-vehicle connectivity.
\\nThe partnership is designed to streamline Ford’s operations and accelerate an ongoing $11B restructuring plan. https://t.co/oQEDl9F71h
\\n— CNBC (@CNBC) February 6, 2021
(Last update 8:41am EST, February 8, 2021)
\\n\\nTesla Friday at a glance – Tesla closed at $852.23 with no clear-cut direction and ranged between $864.77 and $839. Trading volume was 18.57 million, below the daily average of 25.54 million.
\\nVisual analysis of the Tesla's price graph shows Tesla's nearest support level is at $793.53. In terms of trend indicators, we can see that at $842.82, Tesla made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend.
\\nOverall, looking at the technical analysis landscape, it seems Tesla might start pointing upward in the short term.
\\nWith a market cap of $807.83 billion Tesla started in 2021 by gaining 17.24%. So far this year it is outperforming the Nasdaq by 10.25%.
\\n\\n
\\n\\n\\n\\n\",\"\\nTesla said it had invested around $1.5 billion in bitcoin and expected to begin accepting payment for its cars and other products with it in the near future https://t.co/hXlKsaRRVi pic.twitter.com/AESHWHpKjU
\\n— Reuters (@Reuters) February 8, 2021
(Last update 8:41am EST, February 8, 2021)
\\n\\nAfter starting Friday at $390 Zoom made its largest single-day jump ($29.61) since November 2020, and and closed at $419.59
\\nThe Chart pattern study shows Zoom immediate resistance is around $430.44, nearest support level is at $337.32. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $421 – a high enough level to usually suggest Zoom is trading above its value.
\\nOverall, the technical analysis suggests Zoom is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $122.47 billion Zoom started in 2021 by gaining 21.1%. So far this year it is outperforming the Nasdaq by 14.11%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe nation’s top health officials are sounding the alarm about the Super Bowl being a potential superspreader event. They urge people to gather with friends over Zoom, not in crowds or at bars and parties. https://t.co/x7QjApVCiv
\\n— The Associated Press (@AP) February 6, 2021
(Last update 8:41am EST, February 8, 2021)
\\n\\nNetflix Friday at a glance – Netflix closed at $550.79 with no clear-cut direction and ranged between $554.4 and $545.48. Trading volume was 2.38 million, below the daily average of 4.92 million.
\\nIn terms of trend indicators, we can see that at $546.59, Netflix made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at $566.52, indicating a downward move might be next. In contrast, Netflix might start to recover soon because it is getting closer and is now only $10.06 from the support line at $540.73, obviously dipping below it could be an indication that further losses are ahead.
\\nOverall, looking at the technical analysis landscape, it seems Netflix might be pointing down in the short term.
\\nWith a market cap of $243.94 billion Netflix started in 2021 by gaining 1.82%. So far this year it is under-performing the S&P 500 by 1.56%.
\\n\\n
\\n\\n\\n\\n\",\"\\nNetflix, Amazon, Hulu flex muscles for Golden Globes, underscore Hollywood's streaming shift https://t.co/Oiym2zc8s9 by @alliecanal8193 pic.twitter.com/VdItyc7bJj
\\n— Yahoo Finance (@YahooFinance) February 8, 2021
(Last update 9:41am EST, February 8, 2021)
\\n\\nA Visual analysis of Walmart's price graph shows the nearest resistance level is at $148.97. Momentum evaluation shows the Relative Strength Index is holding below 30, This means it is in oversold condition and indicates possible room for more gains.
\\nOverall, looking at the technical analysis landscape, it seems Walmart might continue pointing upwards in the short term.
\\nWith a market cap of $409.91 billion Walmart started in 2021 by gaining 0.15%. So far this year it is under-performing the Dow by 1.59%.
\\n\",\"\\n(Last update 9:41am EST, February 8, 2021)
\\n\\nThe Chart pattern study shows Procter & Gamble's immediate support is around $129.03, resistance level is at $133.09. In terms of trend indicators, we can see that at $129.76, Procter & Gamble made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape, it seems Procter & Gamble is likely to continue pointing down in the short term.
\\nWith a market cap of $317.81 billion Procter & Gamble started 2021 by losing 7.39%. So far this year it is under-performing the Dow Jones by 9.13%.
\\n\",\"\\n(Last update 9:41am EST, February 8, 2021)
\\n\\nAfter opening at $181.16, Walt Disney reached a record high of $186.41. Later, it lost $1.14 and is now trading at $185.27.
\\nThe Chart pattern study shows Walt Disney's immediate resistance is around $186.92, nearest support level is at $163.03. Momentum evaluation shows The Relative Strength Index shows Walt Disney has gone up above 70 going into overbought territory. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $186.55 – a high enough level to usually suggest Walt Disney is trading above its value. On the other hand, note that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Walt Disney.
\\nWith a market cap of $336.13 billion Walt Disney started 2021 by losing 0.01%. So far this year it is under-performing the Dow by 1.75%.
\\n\",\"\\n(Last update 9:41am EST, February 8, 2021)
\\n\\nAfter starting at $49.65 Coca-Cola gained 35 cents and traded above the $50 level for the first time in 3 weeks.
\\nThe chart pattern study shows the nearest resistance level is at $52.76, followed by $54.84 at the next level. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that Coca-Cola has just crossed the upper Bollinger band at $50, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Coca-Cola might continue pointing upwards in the short term.
\\nWith a market cap of $214.94 billion Coca-Cola started 2021 by losing 10.45%. So far this year it is under-performing the Dow Jones by 12.19%.
\\n\",\"\\n(Last update 9:41am EST, February 8, 2021)
\\n\\nTuesday, the company reported earnings of 0.42 per share, falling short of expectations of 0.5183. Revenue was also lower than expected at $11.68 billion versus $12.24 billion. Since the release of its earnings report, Pfizer lost 93 cents
\\nThe Chart visual study suggests Pfizer's immediate support is around $34.77, resistance level is at $36.74. Momentum evaluation shows The Relative Strength Index indicates Pfizer is in strong oversold condition.
\\nOverall, looking at the technical analysis landscape, it seems Pfizer is likely to continue pointing down in the short term.
\\nWith a market cap of $193.77 billion Pfizer started 2021 by losing 5.41%. So far this year it is under-performing the Dow Jones by 7.15%.
\\n\\n
\\n\\n\\n\\n\",\"\\nNew Covid strains could be extremely profitable for Pfizer, Moderna, and other drugmakers https://t.co/ABp3Ji3TCf
\\n— Businessweek (@BW) February 8, 2021
(Last update 9:16am EST, February 8, 2021)
\\n\\nMcDonald's Friday at a glance – After starting Friday at $211.03 McDonald's went up to $214.18 only to drop back to the half way point range, closing at $212.58. Trading volume was 2.60 million, below the daily average of 3.26 million.
\\nVisual analysis of the McDonald's's price graph shows McDonald's could be slowing down soon as it is approaching and is only $3.29 away from resistance at $215.87, of course, crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that although up today, worth noting that earlier McDonald's dropped below the 50 day Simple Moving Average when it was traded at $212.14, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at $216.07, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems McDonald's is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $158.40 billion McDonald's started 2021 by losing 0.95%. So far this year it is under-performing the Dow by 2.69%.
\\n\",\"\\n(Last update 9:16am EST, February 8, 2021)
\\n\\nAfter opening at $39,267, Bitcoin reached a record high of $43,970. Later, it lost $570 and is now trading at $43,400.
\\nMomentum evaluation shows The Relative Strength Index shows Bitcoin has gone up above 70 going into overbought territory. Japanese Candlesticks formations detected today are the "Bearish harami”, Whenever it appears on top of a bullish overall trend, some traders would consider this as an indication of a reversal, of course. However, Bitcoin has just crossed the upper Bollinger band at $41,248, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Bitcoin.
\\nWith a market cap of 808.23 billion
\\n\\n
\\n\\n\\n\\n\",\"\\nElon Musk's Tesla buys $1.5bn of Bitcoin, causing currency to spike https://t.co/4nTAf66xhU
\\n— BBC Business (@BBCBusiness) February 8, 2021
(Last update 9:16am EST, February 8, 2021)
\\n\\nHesitant but green: from an earlier low of $1,807.3, Gold is up to $1,831.2 gaining $18.2 compared to 1,813 at the start of the day (1%).
\\nThe chart pattern study shows Gold broke through the $1,827.7 resistance, and climbed above $3.5, next resistance level is at $1,866. In terms of trend indicators, we can see that at $1,814.6, Gold made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the lower Bollinger band is at $1,801, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Gold might continue pointing upwards in the short term.
\\nGold started 2021 by losing 4.56%.
\\n\",\"\\n(Last update 9:16am EST, February 8, 2021)
\\n\\nStarting the session at $56.85, crude rallied above $57.69 for the first time in 1 year, gaining 71 cents, and is now trading at $57.56.
\\nThe Chart pattern study shows Oil's immediate resistance is around $57.57, nearest support level is at $53.21. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Momentum evaluation shows The Relative Strength Index indicates crude oil is in strong overbought condition. In contrast, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $57.47 – a high enough level to usually suggest Crude is trading above its value.
\\nOverall, looking at the technical analysis landscape, it seems oil is likely to continue pointing upward in the short term.
\\nOil started 2021 by gaining 15.51%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBrent crude trades above $60 for the first time in more than a year https://t.co/ZQOGYeumuz pic.twitter.com/MpVm7uq9AP
\\n— Bloomberg Markets (@markets) February 8, 2021
(Last update 9:16am EST, February 8, 2021)
\\n\\nEUR/USD slid down from 1.2053 to 1.2048, taking a 4 pip loss (0.04%).
\\nVisual analysis of the Euro's price graph shows the Euro might start to recover soon because it is getting close and is now only 79 pips from the support line at 1.1969, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the lower Bollinger band is at 1.1993, indicating a positive move might be next. On the other hand, note that at 1.2036, Euro made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape, it seems the Euro/Dollar might be pointing upward in the short term.
\\nThe Euro started 2021 by losing 1.39%.
\\n\\n
\\n\\n\\n\\n\",\"\\nEU, UK and U.S. to speak with Navalny team after Russia expels diplomats https://t.co/ggTUFwOxsp pic.twitter.com/YsocWIaAin
\\n— Reuters (@Reuters) February 8, 2021
(Last update 10:11am EST, February 8, 2021)
\\n\\nStarting the session at 1.3735, GBP/USD rallied above 1.3742 for the first time in 2 years, gaining 4 pips, and is now trading at 1.3731.
\\nVisual analysis of the The British Pound's price graph shows the Pound's nearest support level is at 1.3511. In terms of trend indicators, we can see that at 1.3689, the British Pound made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at 1.3757, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the British Pound is likely to start pointing downward in the short term.
\\nThe Pound started in 2021 by gaining 0.53%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUK PM Johnson says: We're confident our vaccines prevent deaths https://t.co/Uyg7G8gVpW pic.twitter.com/858o5fUPrc
\\n— Reuters (@Reuters) February 8, 2021
(Last update 10:11am EST, February 8, 2021)
\\n\\nAfter starting the day at 105.37, USD/JPY rallied to 105.67, hitting its highest point in 3 months, It later lost 33 pips and is now trading at 105.34
\\nA Visual analysis of the Dollar/Yen's price graph shows the Yen's nearest support level is at 102.71. In terms of trend indicators, we can see that at 105.46, dollar/yen made an initial breakout above the 200 day Simple Moving Average, an indication of a positive trend. Momentum evaluation shows The Relative Strength Index indicates the Yen is in strong overbought condition. However, the upper Bollinger band is at 105.9, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Dollar/Yen might be pointing upward in the short term.
\\nThe Yen started in 2021 by gaining 2.05%.
\\n\",\"\\n(Last update 10:11am EST, February 8, 2021)
\\n\\nAlthough starting the trading session strong, rising from 0.8984 to 0.902, USD/CHF dropped back and is now priced at 0.8988.
\\nA Visual analysis of the Dollar/Swiss's price graph shows the Dollar/Swiss nearest support level is at 0.8783. In terms of trend indicators, we can see that at 0.8993, Swiss franc made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Momentum evaluation shows The Relative Strength Index indicates Dollar/Swiss is in overbought condition. However, the upper Bollinger band is at 0.9053, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Swiss franc might be pointing upward in the short term.
\\nDollar/Swiss started in 2021 by gaining 1.59%.
\\n\",\"\\n(Last update 10:11am EST, February 8, 2021)
\\n\\nAUD/USD is up to 0.7704 having started the day at 0.7679, overall a 0.3% move or 23 pips today.
\\nChart visual study suggest the Australian dollar could be slowing down soon as it is approaching and is only 75 pips away from resistance at 0.778, of course, crossing it might suggest further gains are ahead. Asset volatility analysis shows that the upper Bollinger band is at 0.7778, This is a slight indication of a slowdown. In contrast, at 0.7698, Australian dollar made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for the Aussie/Dollar
\\nThe Australian dollar started 2021 by losing 0.26%.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 8 February 2021 – 10:11:49\",\"date\":\"2021-02-08T15:11:49\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }Australia urges calm over AstraZeneca's COVID-19 vaccine after South Africa suspends use https://t.co/x4uUc1AB03 pic.twitter.com/hjw3eDZiqT
\\n— Reuters (@Reuters) February 8, 2021