\\n

\\n\",\"\\n

Change of direction? After four days of going down, Amazon up 1.36% today

\\n

(Last update 1:31pm EST, February 24, 2022)

\\n

\\n

After closing the previous trading day at $2,896.54, Amazon went up to $2,948.43 only to drop back; still positive overall today, now trading at $2,936.

\\n

Amazon chart analysis: the nearest resistance level is at $3,228.27.

\\n

Amazon is currently trading with a market cap of $1.49 trillion Jeff Bezos’s company has gone down 15% this year. So far, it has been outperforming the Nasdaq​ by 6.43%.

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https://twitter.com/me/status/1496892678889373696

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\\n\",\"\\n

Microsoft bounces $15.85 from 7 months low

\\n

(Last update 1:56pm EST, February 24, 2022)

\\n

\\n

The software giant dropped to its lowest point in 7 months at $271.52. It later recovered $15.85 and trades at $287.37.

\\n

Chart pattern study shows Microsoft could be slowing down soon as it approaches resistance at $288.49. Of course, crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that at $285.31, Microsoft made an initial breakout above 3 day Simple Moving Average, an indication of a positive trend. The MACD line is significantly below the MACD signal line, meaning this medium-term trend might turn positive. The CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that Microsoft's lower Bollinger band is at $281.61, indicating further gains might be next.

\\n

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

\\n

Microsoft is currently trading with a market cap of $2.15 trillion the iconic OS developer decreased by 16.27% this year. So far, it has been outperforming the Nasdaq​ by 5.17%.

\\n\",\"\\n

After ending the last session at $2,551.7, Google leaps up to $2,602.38 (up 2%)

\\n

(Last update 1:56pm EST, February 24, 2022)

\\n

\\n

The leading search engine company trades at $2,602.38 today, after closing yesterday at $2,551.7 and gaining $50.68 (2%).

\\n

Important graph levels to look out for: the nearest resistance level is at $2,960.73. In terms of trend indicators, we can see that at $2,583, Google made an initial breakout above 3 day Simple Moving Average, an indication of a positive trend. The CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend.

\\n

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

\\n

Google has a market cap of $1.72 trillion the search engine giant decreased by 12.06% this year. So far, it has been outperforming the Nasdaq​ by 9.38%.

\\n\",\"\\n

Tesla gains $69.41 to erase previous losses, trading higher at $769.41 after 6 months and a half low

\\n

(Last update 1:56pm EST, February 24, 2022)

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\\n

Elon Musk's electric cars company dropped to $700, hitting its lowest point in 6 months and a half. It later recovered $69.41 and is now trading at $769.41.

\\n

A study of Tesla's graph shows key levels to watch: Tesla's nearest resistance level is at $829.1, followed by $1,027 at the next level. In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that Tesla's lower Bollinger band is at $778.2, indicating further gains might be next.

\\n

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

\\n

Tesla has a market cap of $795.19 billion Elon Musk's electric cars company decreased by 36.32% this year. So far, it has been under-performing the Nasdaq​ by 14.88%.

\\n\",\"\\n

After five days of going down, Zoom up 1.2% today

\\n

(Last update 1:56pm EST, February 24, 2022)

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Currently light green but with no clear-cut direction, Zoom is trading at $121.54 after ranging between $123.63 and $114.26 today. The trading volume is at 3.81 million, 103.34% slightly above the 21 days average of 3.69 million.

\\n

Zoom is scheduled to announce earnings results Tuesday. The consensus Earnings Per Share estimate is 1.07 and the consensus revenue estimate is $1 billion.

\\n

Zoom's graph levels to watch: the nearest resistance level is at $136.81, followed by $155.68 at the next level. In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that Zoom's lower Bollinger band is at $119.94, indicating further gains might be next.

\\n

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

\\n

Zoom has a market cap of $36.22 billion the video communications platform provider has lost 34.82% this year. So far, it has been under-performing the Nasdaq​ by 13.38%.

\\n\",\"\\n

Netflix up 3.27%, trading around $379.47

\\n

(Last update 1:56pm EST, February 24, 2022)

\\n

\\n

The streaming company trades at $379.47 today, after closing yesterday at $367.46 and gaining $12 (3.27%).

\\n

A study of Netflix's graph shows key levels to watch: the nearest resistance level is at $457.13. In terms of trend indicators, we can see that at $378.71, Netflix made an initial breakout above 3 day Simple Moving Average, an indication of a positive trend. The CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend.

\\n

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

\\n

Netflix has a market cap of $173 billion the streaming heavyweight has lost 38.49% this year. So far, it has been under-performing the Nasdaq​ by 17.05%.

\\n\",\"\\n

Walmart drops to $132.81 (down 1.66%) after ending the last session at $135.05

\\n

(Last update 2:01pm EST, February 24, 2022)

\\n

\\n

The warehouse stores chain company drops 1.66% early on and remains at $132.81 range.

\\n

Chart pattern study shows Walmart's immediate support is around $131, its resistance level is at $135.75. In terms of trend indicators, we can see that 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 CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Despite this, a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $132.25, a low enough level to (usually) suggest that Walmart is trading below its value.

\\n

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

\\n

Walmart has a market cap of $368.40 billion the discount department and warehouse stores chain has lost 6.64% this year. So far, it has been outperforming the Dow Jones​ by 3.78%.

\\n

\\n
\\n

Walmart kicks off exclusive sales event to try to win and retain Walmart+ members https://t.co/iFFVHncTDo

\\n

— CNBC (@CNBC) February 24, 2022

\\n

\\n

\\n\",\"\\n

Procter & Gamble is on its way to worst day, dropping by $4.91

\\n

(Last update 2:01pm EST, February 24, 2022)

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The consumer goods corporation down by $4.91 (3.15%). This is the largest single day drop since January 2021.

\\n

Visual analysis of Procter & Gamble's price graph shows Procter & Gamble's immediate support is around $150.81, its resistance level is at $158.15. In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that Procter & Gamble has just crossed the lower Bollinger band at $153.4, indicating further loses might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Procter & Gamble is likely to start pointing downward in the short term.

\\n

Procter & Gamble is currently trading with a market cap of $362 billion the consumer goods corporation decreased by 4.26% this year. So far, it has been outperforming the Dow Jones​ by 6.16%.

\\n\",\"\\n

Change of direction? After four days of going down, Walt Disney up 0.29% today

\\n

(Last update 2:01pm EST, February 24, 2022)

\\n

\\n

After ending yesterday at $145.87, the entertainment giant recovers back to $146.29 after dipping down to $140 earlier today.

\\n

Important graph levels to look out for: Walt Disney's immediate resistance is around $148.57 and its nearest support level is at $133.6. In terms of trend indicators, we can see that at $145.25, Walt Disney made an initial breakout above 21 day Simple Moving Average, an indication of a positive trend.

\\n

Overall, looking at the technical analysis landscape, it seems Walt Disney might continue pointing upwards in the short term.

\\n

Walt Disney has a market cap of $266.34 billion the entertainment and content production company has gone down 6.95% this year. So far, it has been outperforming the Dow​ by 3.47%.

\\n\",\"\\n

Coca-Cola tumbles to $59.6 (down 3.23%) after ending the last session at $61.59

\\n

(Last update 2:01pm EST, February 24, 2022)

\\n

\\n

The soft drink company drops 3.23% early on and remains at $59.6 range.

\\n

An analysis of Coca-Cola's chart suggests Coca-Cola's nearest support level is at $59.6. In terms of trend indicators, we can see that at $60.13, Coca-Cola made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend. 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 CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that Coca-Cola shows signs that further losses might be next, as it crossed the lower Bollinger band at $59.6

\\n

overall, looking at the technical analysis landscape, it seems further drawback may be next for Coca-Cola.

\\n

Coca-Cola has a market cap of $258.39 billion the soft drinks giant has gained 3.86% this year. So far, it has been outperforming the Dow​ by 14.28%.

\\n\",\"\\n

Pfizer bounces 10.4 cents from 3 months low

\\n

(Last update 2:01pm EST, February 24, 2022)

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\\n

After closing the previous day at $46.87, the pharmaceuticals and biotechnology company dropped to $45.49, hitting its lowest point in 3 months. It later recovered 10.4 cents and is now trading at $45.59.

\\n

Visual analysis of Pfizer's price graph shows Pfizer's immediate support is around $44.51, its resistance level is at $51.54. In terms of trend indicators, we can see that although down today, it's worth noting that in earlier trading Pfizer peaked above the $46.63 200 day Simple Moving Average, usually an indication that a positive move might be approaching. The CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. According to momentum evaluation, the Relative Strength Index indicates Pfizer is in strong oversold condition. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at $46, a low enough level to (usually) suggest that Pfizer is trading below its value.

\\n

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

\\n

Pfizer has a market cap of $255.92 billion the pharmaceuticals and biotechnology company has lost 17.26% this year. So far, it has been under-performing the Dow​ by 6.84%.

\\n

\\n
\\n

CDC says waiting longer between Pfizer, Moderna doses may reduce rare myocarditis risk for younger men https://t.co/LPK8ez0gKI

\\n

— CNBC (@CNBC) February 24, 2022

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\\n

\\n\",\"\\n

McDonald's bounces $1.39 from 3 months low

\\n

(Last update 1:36pm EST, February 24, 2022)

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Yesterday's session ended at $247.79; today, the fast food giant dropped to its lowest point in 3 months at $239.61. It later recovered $1.39 and is now trading at $241.

\\n

A chart visual study suggests McDonald's's immediate support is around $236.03, its resistance level is at $248.74. In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that McDonald's has just crossed the lower Bollinger band at $244.49, indicating further loses might be next. On the other hand, note that the Relative Strength Index has gone below 30, going into oversold conditions and allowing more gains.

\\n

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

\\n

McDonald's has a market cap of $180 billion the fast food giant decreased by 7.74% this year. So far, it has been outperforming the Dow​ by 2.68%.

\\n\",\"\\n

Bitcoin is down $1,300 (3.44%), trading around $35,900

\\n

(Last update 1:36pm EST, February 24, 2022)

\\n

\\n

Bitcoin weakened earlier in the day, before moving off the $34,473 low and recovering almost back to $35,900.

\\n

In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that Bitcoin has just crossed the lower Bollinger band at $36,100, indicating further loses might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Bitcoin is likely to start pointing downward in the short term.

\\n

Bitcoin has a market cap of 681.16 billion Bitcoin had a bad year so far, losing 21.69%.

\\n

\\n
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Russia-Ukraine crisis burnishes gold's safe-haven shine as Bitcoin lags https://t.co/6NF7zZC8qB by @daniromerotv and @DsHollers pic.twitter.com/yAjHTlMIb2

\\n

— Yahoo Finance (@YahooFinance) February 24, 2022

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\\n

\\n\",\"\\n

CME Gold retraces $51.2 from 1 year high, trades at $1,925.3

\\n

(Last update 1:36pm EST, February 24, 2022)

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CME Gold rallied to $1,976.5, hitting its highest point in 1 year. It later lost $51.2 and is now trading at $1,925.3.

\\n

As the day reaches an end a chart visual study suggests U.S. Gold's immediate resistance is around $1,926.77 and its nearest support level is at $1,848. 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. According to momentum evaluation, the Relative Strength Index indicates Gold is in an overbought condition, keep an eye out for slowdown of gains. In contrast, U.S. Gold's upper Bollinger band is at $1,937.84, this is a slight indication of a slowdown.

\\n

According to technical analysis, it looks as if Chicago Gold likely to continue pointing upward in the short term.

\\n

Chicago Gold increased this year, gaining 6.09%.

\\n

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Gold prices are popping as Russia invades Ukraine. Why you may want to resist the rush https://t.co/tgfO4GEM1U

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— CNBC (@CNBC) February 24, 2022

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\\n\",\"\\n

Chicago Oil retracted $5.52 from 7 years high and trades at $96.7

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(Last update 1:36pm EST, February 24, 2022)

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Crude oil reached $102.22, breaking a 7 years record. Later, it lost $5.52 and is now trading at $96.7.

\\n

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 U.S. Oil has just crossed the upper Bollinger band at $95.97, indicating further gains might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Oil might continue pointing upwards in the short term.

\\n

Oil increased this year, gaining 20.81%.

\\n

\\n
\\n

The stock market plunged on Thursday, with all three major indexes opening more than 2% lower after Russian troops invaded Ukraine, a move which caused oil prices to rise to over $100 per barrel while investors dumped stocks and fled to safe-haven assets. pic.twitter.com/ID3sHIbtjN

\\n

— Forbes (@Forbes) February 24, 2022

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\\n\",\"\\n

Euro/Dollar drops sharply, losing 139 pips

\\n

(Last update 1:36pm EST, February 24, 2022)

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Euro/Dollar made its largest single-day drop of 139 pips (1.23%) since November 2021 and now trades at 1.1169.

\\n

In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that the Euro shows signs that further losses might be next, as it crossed the lower Bollinger band at 1.1222

\\n

overall, looking at the technical analysis landscape, it seems Euro/Dollar is likely to continue pointing down in the short term.

\\n

Euro/Dollar is having a rough year so far losing 0.53%.

\\n\",\"\\n

The British Pound on way to it's biggest one-day loss in 3 months

\\n

(Last update 2:11pm EST, February 24, 2022)

\\n

\\n

After closing yesterday at 1.3546, GBP/USD made its largest single-day drop of 158 pips (1.17%) seen recently — now trading at 1.3387.

\\n

In terms of trend indicators, we can see that 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 CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that the Pound has just crossed the lower Bollinger band at 1.346, indicating further loses might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Pound/Dollar is likely to start pointing downward in the short term.

\\n

The British Pound has gained 0.19% this year.

\\n\",\"\\n

Dollar/Yen climbs to 115.41 up 40 pips

\\n

(Last update 2:11pm EST, February 24, 2022)

\\n

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Dollar/Yen goes up to 115.41 after dipping down to 114.41 earlier.

\\n

A study of Dollar/Yen's graph shows key levels to watch: Dollar/Yen could be slowing down soon as it approaches resistance at 116. Of course, crossing it might suggest further gains are ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 115.92 – a high enough level to usually suggest Dollar/Yen is trading above its value. Despite this, at 115, Dollar/Yen made an initial breakout above 50 day Simple Moving Average, an indication of a positive trend.

\\n

Overall, looking at the technical analysis landscape, it seems a positive reverse of course (in the short term) might be next for Dollar/Yen.

\\n

Dollar/Yen has lost 0.05% this year.

\\n\",\"\\n

Dollar/Swiss up 69 pips, trading around 0.9248

\\n

(Last update 2:11pm EST, February 24, 2022)

\\n

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Hesitant but green: from an earlier low of 0.9171, Dollar/Swiss is up to 0.9248 today, gaining 69 pips compared to the 0.9179 at the end of yesterday's session (0.75%).

\\n

A study of Dollar/Swiss's chart pattern shows Dollar/Swiss could be slowing down soon; it is getting close to the resistance line and is now at 0.9309, only 60 pips away. Crossing the resistance line could, however, suggest that further gains are ahead. Asset volatility analysis shows that Dollar/Swiss's upper Bollinger band is at 0.9284, this is a slight indication of a slowdown. Despite this, at 0.92, Dollar/Swiss made an initial breakout above 200 day Simple Moving Average, an indication of a positive trend.

\\n

Overall, looking at the technical analysis landscape, it seems a positive reverse of course (in the short term) might be next for Dollar/Swiss.

\\n

Dollar/Swiss increased this year, gaining 0.7%.

\\n\",\"\\n

The Australian dollar is down 79 pips (1.1%), trading around 0.7153

\\n

(Last update 2:11pm EST, February 24, 2022)

\\n

\\n

The Australian dollar is dark red after losing 79 pips, tumbling down to 0.7153.

\\n

Aussie/Dollar chart analysis: the Australian dollar's nearest support level is at 0.6967. In terms of trend indicators, we can see that at 0.7163, Aussie/Dollar made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems Aussie/Dollar is likely to start pointing downward in the short term.

\\n

The Australian dollar is having a rough year so far losing 0.36%.

\\n\\n\"],\"title\":\"Financial Markets Review – 24 February 2022 – 14:11:26\",\"date\":\"2022-02-24T19:11:26\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }