\\n

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Today Facebook increased by 0.51%, ended the session at $196.64

\\n

(Last update 4:31pm EST, June 13, 2022)

\\n

A quick look at today: Facebook is up to $196.64 today, which makes for a move of 0.51%/99 cents. The trading volume was 22.27 million, which is below the daily average of 27.28 million.

\\n

Trend indicators show us that 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.

\\n

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

\\n

The company's market cap is $532.17 billion the year 2022 has not been the best for the social media company, it lost 44.13% of its value. So far in 2022, it has been doing worse than the Nasdaq by 4.51%.

\\n\",\"\\n

Amazon closed at $94.58 after losing 2.7% yesterday

\\n

(Last update 2:51am EST, February 22, 2023)

\\n

\\n

A quick look at yesterday: the tech and retail multifaceted giant dropped 2.7% early on and stayed at the $94.58 range. The trading volume was 53 million — below the daily average of 77.71 million.

\\n

A chart visual study suggests Amazon might start to recover soon because it is getting close to its support line— now only 55 cents away at $94.03. Dipping below could be an indication that further losses are ahead. 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. According to asset volatility analysis, Bollinger bands shows an indication of recovery: the lower band is at $92.52, a low enough level to, generally, suggest that Amazon is trading below its value.

\\n

All in all, the technical analysis suggests Amazon has no clear-cut direction.

\\n

Amazon's market cap is currently $969.19 billion the tech and retail multifaceted giant is up 18.8% on its yearly low ($94.27) that i hit a month ago. So far in 2022 it has been beating the Nasdaq by 0.53%.

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\\n
\\n

FreshToHome, an online grocer that operates mainly in India and the UAE, raises $104 million from a group of investors led by Amazon https://t.co/5gA6j4CugK

\\n

— Bloomberg (@business) February 22, 2023

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\\n

\\n\",\"\\n

Microsoft traded at $252.67, down by 2.09% when the session closed

\\n

(Last update 2:41am EST, February 22, 2023)

\\n

\\n

Yesterday at a glance: the iconic OS developer remained in the $252.67 range, after closing Friday at $258.06 and dropping by 2.09% yesterday. The trading volume was 26.99 million which was slightly under the daily average of 35.52 million.

\\n

Microsoft chart analysis: although Microsoft is down today and was as low as $251.59, it seems to be recovering slightly and climbing away from the $251 support line and is now $1.66 above it. In terms of trend indicators, we can see that at $253.37, Microsoft made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend. The MACD line is significantly below the MACD signal line, meaning this medium-term trend might turn positive.

\\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 $1.88 trillion the software giant is now trading 20.45% above its yearly low ($255.47) that it has slumped into 3 months ago. So far in 2022, it has been doing worse than the Nasdaq by 4.04%.

\\n

\\n
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Microsoft has struck a 10-year deal to bring ‘Call of Duty’ and other Activision games to Nvidia’s gaming platform if the Xbox maker is allowed to complete its much-contested $69 billion acquisition of Activision https://t.co/RMA9vWqqqA

\\n

— Reuters (@Reuters) February 22, 2023

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\\n

\\n\",\"\\n

Google closed at $92.05 after losing 2.69% yesterday

\\n

(Last update 2:41am EST, February 22, 2023)

\\n

\\n

A quick look at yesterday: the search engine giant dropped 2.69% early on and stayed at the $92.05 range. The trading volume was 27.36 million — slightly below the daily average of 37.98 million.

\\n

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, Google might start to recover soon because it is getting close to its support line— now only 49 cents away at $91.56. Dipping below could be an indication that further losses are ahead.

\\n

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

\\n

The company's market cap is $1.18 trillion 10 months ago the search engine giant has hit its yearly high point of $93.41, since than it lost 34.15%. So far in 2022, it has been doing worse than the Nasdaq by 6.83%.

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\\n
\\n

Supreme Court justices reacted skeptically to claims that Google could be sued for algorithms that automatically recommended extremist recruiting videos on YouTube https://t.co/Ykbiel9zMo

\\n

— The Wall Street Journal (@WSJ) February 22, 2023

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\\n\",\"\\n

Tesla traded at $197.37, down by 5.25% when the session closed

\\n

(Last update 2:41am EST, February 22, 2023)

\\n

\\n

Yesterday at a glance: Tesla shed 5.25%, falling to $197.37. The trading volume was 177.83 million — slightly under the daily average of 204.63 million.

\\n

At $202.56, Tesla made an initial breakout below the 10 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. Despite this, Tesla might start to recover soon because it is getting close to its support line— now only $4.21 away at $193.16. Dipping below could be an indication that further losses are ahead.

\\n

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

\\n

Tesla is currently trading with a market cap of $624.50 billion a month ago the trendy EV maker has hit its twelve month low point of $197.22, since than it recovered back 92.7%. So far in 2022, it has been outperforming the Nasdaq by 65.61%.

\\n\",\"\\n

Zoom closed at $72.47 (down 4.78%) and added one more to its 4th straight day of losses

\\n

(Last update 2:41am EST, February 22, 2023)

\\n

\\n

A quick look at yesterday: the US video tech company remained in the $72.47 range, after closing Friday at $76.11 and dropping by 4.78% yesterday. Trading volume (2.76 million) was slightly under the latest 21 day average volume by 69%.

\\n

Zoom is scheduled to announce earnings results Monday. The consensus EPS estimate is -0.04 and the consensus revenue estimate is $1.10 billion.

\\n

Zoom might start to recover soon because it is getting close to its support line— now only $1.03 away at $71.44. Dipping below could be an indication that further losses are ahead. Bollinger bands shows an indication of recovery: the lower band is at $69.06, a low enough level to, generally, suggest that Zoom is trading below its value.

\\n

Technical analysis indicates that Zoom (currently on a downtrend) might reverse course and start pointing upward in the short term.

\\n

Zoom's market cap is currently $21.18 billion the US video tech company is up 16.45% on its yearly low ($72.27) that i hit a month ago. So far in 2022, it has been doing worse than the Nasdaq by 1.12%.

\\n\",\"\\n

Netflix ended the session at $337.5 (-3%)

\\n

(Last update 2:41am EST, February 22, 2023)

\\n

\\n

Yesterday at a glance: the streaming heavyweight dropped 3% early on and stayed at the $337.5 range. The trading volume was 5.58 million — below the daily average of 8 million.

\\n

A chart visual study suggests although Netflix is down today and was as low as $336.42, it seems to be recovering slightly and climbing away from the $334.57 support line and is now $2.93 above it. 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. According to asset volatility analysis, Bollinger bands shows an indication of recovery: the lower band is at $339.77, a low enough level to, generally, suggest that Netflix is trading below its value.

\\n

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

\\n

Netflix's market cap is currently $150.30 billion the streaming heavyweight gained 13.93% so far this year (2022). So far in 2022 it has been beating the Nasdaq by 4.55%.

\\n\",\"\\n

Walmart went up by 0.61%, ended yesterday at $147.33

\\n

(Last update 2:51am EST, February 22, 2023)

\\n

\\n

A quick look at yesterday: hesitant but green, Walmart closed at $147.33 after ranging between $142.15 and $148.34. Beating the daily average of 6 million, Walmart traded at 18 million yesterday.

\\n

Walmart chart analysis: Walmart could be slowing down soon; it is getting close to the resistance line and is now at $149.73, only $2.4 away. Crossing the resistance line could, however, suggest that further gains are ahead. In terms of trend indicators, we can see that at $145.74, Walmart made an initial breakout above 5 day Simple Moving Average, an indication of a positive trend. Analysis based on the asset volatility indicates that Walmart's upper Bollinger band is at $148.09, this is a slight indication of a slowdown.

\\n

All in all, while Walmart has been going up, technical indicators suggest flatness for the immediate future.

\\n

The company's market cap is $397.32 billion 8 months ago the warehouse stores chain company has hit its twelve month low point of $142.15, since than it recovered back 23.8%. The Dow Jones has been doing worse in 2022, it has been passing it by 2.63%.

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\\n

Home Depot said it sees demand for home improvement goods slowing this year as inflation hurts spending on remodeling projects. Walmart warned that cautious spending by consumers could pressure profit margins https://t.co/2nnzCaG1kz $HD $WMT pic.twitter.com/31V7IIzaOn

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— Reuters (@Reuters) February 22, 2023

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\\n\",\"\\n

Procter & Gamble parks at $139.91

\\n

(Last update 2:51am EST, February 22, 2023)

\\n

\\n

A quick look at yesterday: after ending yesterday at $140, the consumer goods company recovers back to $139.91 after dipping down to $138.87 earlier today. The trading volume was 6.90 million; slightly greater than the daily average of 6.81 million.

\\n

Procter & Gamble might start to recover soon because it is getting close to its support line— now only $2.04 away at $137.87. Dipping below could be an indication that further losses are ahead. At $140.58, Procter & Gamble 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 Procter & Gamble might start pointing upward in the short term.

\\n

The company has a market cap of $330 billion the year 2022 has not been the best for the consumer goods corporation, it lost 7.69% of its value. So far in 2022, it has been doing worse than the Dow Jones by 7.67%.

\\n\",\"\\n

Walt Disney lost 2.97% yesterday, closed at $102.09

\\n

(Last update 2:51am EST, February 22, 2023)

\\n

\\n

Yesterday at a glance: the entertainment giant remained in the $102.09 range after closing Friday at $105.22 and dropping 2.97% as it reached the end yesterday's session. The trading volume was 8.89 million which was slightly below the daily average of 13.29 million.

\\n

At $102.16, Walt Disney made an initial breakout below the 200 day Simple Moving Average, an indication of a negative 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. In contrast, Walt Disney might start to recover soon because it is getting close to its support line— now only 72 cents away at $101.37. Dipping below could be an indication that further losses are ahead. Bollinger bands shows an indication of recovery: the lower band is at $102.56, a low enough level to, generally, suggest that Walt Disney is trading below its value.

\\n

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Walt Disney.

\\n

The company's market cap is $186.50 billion a month ago the entertainment and content production company has hit its twelve month low point of $101.83, since than it recovered back 25%. So far in 2022, it has performed better than the Dow by 14.27%.

\\n\",\"\\n

Coca-Cola closed at $59.8 after losing 0.53% yesterday

\\n

(Last update 2:51am EST, February 22, 2023)

\\n

\\n

A quick look at yesterday: Coca-Cola dropped to $59.8 (from $60.12) — a 0.53% loss yesterday. The trading volume was 14.17 million, around the average daily.

\\n

Chart pattern study shows Coca-Cola might start to recover soon because it is getting close to its support line— now only 20 cents away at $59.6. Dipping below could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $59.83, Coca-Cola made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Analysis based on the asset volatility indicates that Bollinger bands shows an indication of recovery: the lower band is at $59, a low enough level to, generally, suggest that Coca-Cola is trading below its value. Japanese Candlestick formations detected today show that "bearish harami”, whenever it appears on top of a bullish overall trend, some traders would consider this as an indication of a trend reversal.

\\n

Overall, while Coca-Cola has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

\\n

The company has a market cap of $258.81 billion the year 2022 has not been the best for the soft drinks giant, it lost 5% of its value. So far in 2022, it has been doing worse than the Dow Jones by 4.96%.

\\n\",\"\\n

Pfizer dropped by 1.18% and closed the session at $42.7

\\n

(Last update 2:51am EST, February 22, 2023)

\\n

\\n

A quick look at yesterday: the pharmaceuticals and biotechnology company remained in the $42.7 range, after closing Friday at $43.21 and dropping by 1.18% yesterday. The trading volume was 16.97 million — below the daily average of 23.36 million.

\\n

An analysis of Pfizer's chart suggests Pfizer might start to recover soon because it is getting close to its support line— now only 13 cents away at $42.57. Dipping below could be an indication that further losses are ahead. 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. According to asset volatility analysis, Bollinger bands shows an indication of recovery: the lower band is at $42.65, a low enough level to, generally, suggest that Pfizer is trading below its value.

\\n

All in all, the technical analysis suggests Pfizer has no clear-cut direction.

\\n

The company's market cap is $239.69 billion the year 2022 has not been the best for the multinational pharma juggernaut, it lost 16.53% of its value. So far in 2022, it has been under-performing the Dow by 16.51%.

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The need to store Pfizer and Moderna covid vaccines at ultra-cold temperatures is not ideal, especially in countries with dodgy electricity sup­plies and a lack of technicians to keep freezers in tip-­top condition https://t.co/tNdxKc2qvU

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— The Economist (@TheEconomist) February 22, 2023

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McDonald's lost 0.53% yesterday, closed at $268.55

\\n

(Last update 2:36am EST, February 22, 2023)

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\\n

Yesterday at a glance: the fast food giant​ recovered some, but not quite all the way back to $270​ after dipping down to $267.61​ yesterday. The trading volume was 2.79 million — below the daily average of 2.87 million.

\\n

An analysis of McDonald's's chart suggests although McDonald's is down today and was as low as $267.61, it seems to be recovering slightly and climbing away from the $267.36 support line and is now $1.19 above it. Japanese Candlestick formations detected today show that "bearish harami”, whenever it appears on top of a bullish overall trend, some traders would consider this as an indication of a trend reversal.

\\n

McDonald's's market cap currently stands at $196.69 billion the fast food giant is now trading 21.62% above its yearly low ($270.24) that it has slumped into 11 months ago. So far in 2022, it has performed better than the Dow by 1.61%.

\\n\",\"\\n

Bitcoin ended the previous session at $24,449, currently trades at $24,022

\\n

(Last update 2:36am EST, February 22, 2023)

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Bitcoin drops from $24,449 to $24,022, losing $427.47 (1.75%) today.

\\n

Although Bitcoin is pointing down today (was as low as $23,960), it's climbing away from the $23,942 support line and is now $80.29 above it. Although down today, it's worth noting that in earlier trading Bitcoin peaked above the $24,458 5 day Simple Moving Average, usually an indication that a positive move might be approaching.

\\n

Overall, looking at the technical analysis landscape, it seems Bitcoin might start pointing upward in the short term.

\\n

Bitcoin has a market cap of 463.59 billion Bitcoin gained 45.65% so far this year (2022).

\\n

\\n
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THREAD:

\\n

The risk-on rally at the start of 2023 was pretty strong – especially with riskier assets. We've seen Bitcoin bounce nearly 50% in that time span. /1https://t.co/RICmAj02ZF pic.twitter.com/Uj7c0TbvpW

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— Edward Harrison (@edwardnh) February 21, 2023

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\\n\",\"\\n

CME Gold increases to $1,844.2 per ounce (a 0.61% gain)

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(Last update 2:36am EST, February 22, 2023)

\\n

\\n

Gold is up to $1,844.2 per ounce today, which makes for a move of 0.61%/$11.2.

\\n

Gold has hit is lowest yearly rate ($1,843) 4 months ago, since then it has recovered 12.92%.

\\n

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Supply of cobalt is rising quickly. No matter how fast the energy transition speeds up, the blue gold is now unlikely to act as a brake https://t.co/4rzgkMiR0k

\\n

— The Economist (@TheEconomist) February 22, 2023

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\\n\",\"\\n

US crude oil holds at $76.05 per barrel

\\n

(Last update 2:36am EST, February 22, 2023)

\\n

\\n

West Texas crude trades at $76.05 per barrel, after ending yesterday at $76.34.

\\n

West Texas crude's lower Bollinger band is at $73.95, indicating a positive move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems West Texas crude might start pointing upward in the short term.

\\n

11 months ago WTI crude oil has hit its yearly high point of $77.51, since than it lost 38.82%.

\\n\",\"\\n

The Euro hovers around 1.0655

\\n

(Last update 2:36am EST, February 22, 2023)

\\n

\\n

Currently light green but with no clear-cut direction, Euro-Dollar is trading at 1.0655 after ranging between 1.07 and 1.0642 today.

\\n

The Euro's lower Bollinger band is at 1.0576, indicating further gains might be next. "Hammer”, when it appears on top of a bearish overall trend, as it is now, some traders would consider this as an indication of a trend reversal. Despite this, Euro-Dollar could be slowing down soon as it approaches resistance at 1.0658. Of course, crossing it might suggest further gains are ahead.

\\n

Examining the technical analysis landscape, Euro-Dollar might continue its downtrend in the short term.

\\n

The Euro is now trading 11% above its yearly low (1.07) that it has slumped into 4 months ago.

\\n\",\"\\n

Sterling-Dollar parks at 1.211

\\n

(Last update 3:11am EST, February 22, 2023)

\\n

\\n

Currently light green but with no clear-cut direction, GBP/USD is trading at 1.211 after ranging between 1.2145 and 1.1991 today.

\\n

A study of the Pound's chart pattern shows after reaching the 1.212 resistance zone, the Pound retreated 9 pips below it.

\\n

Hitting its yearly low (1.1991) 4 months ago, the Pound has bounced back 18.92% since.

\\n\",\"\\n

Dollar/Yen retraces 51 pips from 8 weeks high, trades at 134.71

\\n

(Last update 3:11am EST, February 22, 2023)

\\n

\\n

After hitting its highest point in 8 weeks at 135.23, Dollar/Yen dropped by 51 pips and is now trading at 134.71.

\\n

The MACD line is significantly above the MACD signal line, meaning the medium-term trend might turn negative. Dollar/Yen's upper Bollinger band at 135.79, indicating a further downward move might be next. 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.

\\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 Dollar/Yen.

\\n

Dollar/Yen is now trading 10.12% below its yearly high (135.23) that it held 4 months ago.

\\n\",\"\\n

Dollar-Swiss steady at 0.926, no significant movement

\\n

(Last update 3:11am EST, February 22, 2023)

\\n

\\n

Light red, mostly flat: Dollar-Swiss is ranging between 0.9283 and 0.9224 and is now at 0.926.

\\n

Dollar-Swiss's upper Bollinger band at 0.9322, indicating a further downward move might be next. On the other hand, note that Dollar-Swiss broke through the 0.9256 support line and dropped 4 pips below it.

\\n

Overall, looking at the technical analysis landscape, it seems Dollar-Swiss is likely to continue pointing down in the short term.

\\n

Dollar-Swiss is now trading 1.95% above its yearly low (0.9283) that it has slumped into 21 days ago.

\\n\",\"\\n

The Australian dollar ended the previous session at 0.6862, currently trades at 0.6826

\\n

(Last update 3:11am EST, February 22, 2023)

\\n

\\n

Aussie-Dollar remains in the 0.6826 range after dropping 35 pips at the start of the session.

\\n

The Australian dollar might start to recover soon because it is getting close to its support line— now only 15 pips away at 0.6841. Dipping below could be an indication that further losses are ahead. Bollinger bands shows an indication of recovery: the lower band is at 0.6779, a low enough level to, generally, suggest that the Australian dollar is trading below its value.

\\n

Technical analysis indicates that the Australian dollar (currently on a downtrend) might reverse course and start pointing upward in the short term.

\\n

Hitting its yearly low (0.6825) 4 months ago, Aussie-Dollar has bounced back 10.43% since.

\\n\\n\"],\"title\":\"Financial Markets Review – 22 February 2023 – 03:11:44\",\"date\":\"2023-02-22T08:11:44\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }