\\n
\\n\",\"\\n(Last update 6:51am EST, March 12, 2021)
\\n\\nAfter opening at 32,300, Dow Jones reached a record high of 32,662. Later, it lost 161.59 points and closed at 32,500.
\\nImportant graph levels to look out for: Dow Jones immediate resistance is around 32,650, nearest support level is at 31,962. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 32,452 – a high enough level to usually suggest the Dow 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 the Dow
\\nThe Dow Jones started 2021 by gaining 5.82%.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe S&P 500 and Dow closed at record highs. Mega-cap stocks led the rally, recouping losses from a recent pullback https://t.co/GUlk7v1169 pic.twitter.com/SoU9WwS3jr
\\n— Reuters Business (@ReutersBiz) March 12, 2021
(Last update 6:51am EST, March 12, 2021)
\\n\\nThe S&P 500 yesterday at a glance – S&P 500 gained 40.53 points and stayed at 3,939.34 levels.
\\nThe Chart visual study suggests S&P 500 immediate resistance is around 3,961.23, nearest support level is at 3,768.47. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 3,979.56 – a high enough level to usually suggest the S&P 500 is trading above its value. However, 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 S&P
\\nThe S&P 500 started 2021 by gaining 4.7%.
\\n\",\"\\n(Last update 6:51am EST, March 12, 2021)
\\n\\nApple yesterday at a glance – the mobile and tech colossus rallied 1.65% and maintained at $121.96 level. Trading volume was 99.60 million, below the daily average of 125.13 million.
\\nImportant graph levels to look out for: nearest resistance level is at $143.16. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Apple dropped below the 10 day Simple Moving Average as it was trading at $121.62, usually an indication that a negative trend is ahead.
\\nOverall, looking at the technical analysis landscape, it seems Apple is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $2.05 trillion, The sleek phone manufacturer started in 2021 by losing 8.94%. So far this year it is under-performing the S&P 500 by 13.64%.
\\n\\n
\\n\\n\\n\\n\",\"\\nA new Apple leak reveals massive iPhone camera upgrades https://t.co/EEfiu2FZqr pic.twitter.com/dRBuk2docx
\\n— Forbes (@Forbes) March 12, 2021
(Last update 6:51am EST, March 12, 2021)
\\n\\nFacebook yesterday at a glance – after starting the day at $264.9 the social media company went up to $277.9 only to drop back to the half way point range and is now trading at $273.88. Trading volume was 21.81 million, above the daily average of 20.54 million.
\\nImportant graph levels to look out for: Facebook could be slowing down soon as it is approaching and is only $8.17 away from resistance at $282.05, of course, crossing it might suggest further gains are ahead. Asset volatility analysis shows that the upper Bollinger band is at $274.47, This is a slight indication of a slowdown. 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 Facebook.
\\nwith a market cap of $779.92 billion, Mark Zuckerberg's company started in 2021 by gaining 0.27%. So far this year it is under-performing the S&P 500 by 4.43%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFacebook, Google fight bill that would help U.S. news industry https://t.co/7obLHssMvj pic.twitter.com/kcS4znNnWq
\\n— Reuters (@Reuters) March 12, 2021
(Last update 6:51am EST, March 12, 2021)
\\n\\nAmazon yesterday at a glance – starting at $3,104 Jeff Bezos’s company rallied 1.83% and maintained at $3,113.59 level. Trading volume was 2.78 million, below the daily average of 3.81 million.
\\nAn analysis of the Amazon chart suggests the nearest resistance level is at $3,380. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Amazon dropped below the 200 day Simple Moving Average as it was trading at $3,101.69, usually an indication that a negative trend is ahead. 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.
\\nOverall, technical indicators suggest Amazon has no obvious direction for the immediate future.
\\nWith a market cap of $1.57 trillion, The tech and retail multifaceted giant has started 2021 by losing 4.69%. So far this year it is under-performing the S&P by 9.39%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon has always fought against unionizing efforts. It will likely not easily accept it if workers in an Alabama warehouse vote to form one https://t.co/oqoB18rp6z
\\n— Businessweek (@BW) March 12, 2021
(Last update 6:26am EST, March 12, 2021)
\\n\\nMicrosoft yesterday at a glance – after it started the day at $232.42 Microsoft went up to $239.17 only to drop back, yet still traded positively overall and closed at $237.13. Trading volume was 29.89 million, below the daily average of 33.21 million.
\\nImportant graph levels to look out for: although Microsoft is green today and was as high as $239.17, it seems to be slowing down slightly and moving away from the $245 resistance line, and is now $7.86 below it. In terms of trend indicators, we can see that 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 $239.85, This is a slight indication of a slowdown. On the other hand, note that at $236.32, Microsoft made an initial breakout above the 21 day Simple Moving Average, an indication of a positive trend. 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 Microsoft.
\\nwith a market cap of $1.79 trillion, The iconic OS developer started in 2021 by gaining 6.33%. So far this year it is outperforming the Dow Jones by 0.51%.
\\n\\n
\\n\\n\\n\\n\",\"\\nMicrosoft finds a "new family of ransomware" being used against servers that hadn’t patched vulnerabilities after last week’s major breach https://t.co/r33uGstTsN
\\n— Bloomberg Markets (@markets) March 12, 2021
(Last update 6:26am EST, March 12, 2021)
\\n\\nGoogle yesterday at a glance – the leading search engine company went up to $2,114.77 and gained $59.77 compared to the $2,055 start of the day (2.91%). Trading volume was 1.24 million, below the daily average of 1.62 million.
\\nThe Chart pattern study shows Google could be slowing down soon as it is approaching and is only $13.54 away from resistance at $2,128.31, of course, crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that although up today, it's worth noting that earlier Google dropped below the 21 day Simple Moving Average as it was trading at $2,077, usually an indication that a negative trend is ahead. Asset volatility analysis shows that the upper Bollinger band is at $2,132.25, This is a slight indication of a slowdown. 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 Google.
\\nwith a market cap of $1.42 trillion, The search engine giant started in 2021 by gaining 17.66%. So far this year it is outperforming the S&P by 12.96%.
\\n\\n
\\n\\n\\n\\n\",\"\\nZoom defeated the most serious claims in a lawsuit claiming it illegally shared users’ personal information with Google and Facebook https://t.co/toI9ELCbvW
\\n— Bloomberg (@business) March 12, 2021
(Last update 6:26am EST, March 12, 2021)
\\n\\nTesla yesterday at a glance – after starting the session at $668.06 Tesla spiked to $702.5, dropped back to starting point range, and rallied again to $699.6. Trading volume was 36.09 million, below the daily average of 49.29 million.
\\nA study of Tesla's chart pattern shows Tesla's immediate resistance is around $709, nearest support level is at $563.
\\nWith a market cap of $671.51 billion, Elon Musk's electric cars company started in 2021 by losing 0.91%. So far this year it is under-performing the Nasdaq by 4.82%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFirefighters respond to an incident at Tesla’s Fremont factory in California, containing a blaze in an area of the property under construction https://t.co/BEiRdi76yg
\\n— Bloomberg (@business) March 12, 2021
(Last update 6:26am EST, March 12, 2021)
\\n\\nZoom yesterday at a glance – the video communications platform provider went up to $355.17 and gained $19.14 compared to the $336.03 start of the day (5.7%). Trading volume was 3.91 million, below the daily average of 8.82 million.
\\nThe Chart pattern study shows Zoom could be slowing down soon because it is getting close and is now only $9.56 from the resistance line at $364.73, yet crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that at $353.19, Zoom made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend.
\\nOverall, technical indicators suggest Zoom has no obvious direction for the immediate future.
\\nWith a market cap of $103.67 billion, The video communications platform provider started in 2021 by gaining 5.31%. So far this year it is outperforming the Nasdaq by 1.4%.
\\n\\n
\\n\\n\\n\\n\",\"\\nZoom defeated the most serious claims in a lawsuit claiming it illegally shared users’ personal information with Google and Facebook https://t.co/toI9ELCbvW
\\n— Bloomberg (@business) March 12, 2021
(Last update 6:26am EST, March 12, 2021)
\\n\\nThe streaming heavyweight closed at $523.06 after it made its largest daily jump ($18.52) since Jan 20
\\nNetflix's graph levels to watch: nearest resistance level is at $586.34. In terms of trend indicators, we can see that at $523.67, Netflix made an initial breakout above the 10 day Simple Moving Average, an indication of a positive trend.
\\nOverall, looking at the technical analysis landscape, it seems Netflix might continue pointing upwards in the short term.
\\nWith a market cap of $231.66 billion, The streaming company started in 2021 by losing 3.5%. So far this year it is under-performing the S&P by 8.2%.
\\n\\n
\\n\\n\\n\\n\",\"\\nIndia child rights body asks Netflix to stop streaming 'Bombay Begums' https://t.co/lbPonu61nA pic.twitter.com/kUk7fv0Zj5
\\n— Reuters (@Reuters) March 12, 2021
(Last update 6:41am EST, March 12, 2021)
\\n\\nWalmart yesterday at a glance – a mostly flat day for Walmart as it ranged between $133.49 and $131.54 and closed at $132.13. Trading volume was 11.83 million, below the daily average of 12.66 million.
\\nImportant graph levels to look out for: Walmart's resistance level is at $139.27. Asset volatility analysis shows that the upper Bollinger band is at $133.41, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Walmart is likely to start pointing downward in the short term.
\\nWith a market cap of $373.83 billion, The warehouse store chain company started in 2021 by losing 9.09%. So far this year it is under-performing the Dow Jones by 14.91%.
\\n\",\"\\n(Last update 6:41am EST, March 12, 2021)
\\n\\nProcter & Gamble yesterday, at a glance – light red, mostly flat: Procter & Gamble ranged between $127.85 and $126.72 and closed at $126.91. Trading volume was 6.94 million, below the daily average of 9.71 million.
\\nThe Chart visual study suggests the nearest support level is at $122.15, while the closest resistance is at $133.09. Asset volatility analysis shows that the upper Bollinger band is at $128.82, indicating a further downward move might be next. 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, although down today, it's worth noting that at $126.94 Procter & Gamble did peak above the 3 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead.
\\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 Procter & Gamble
\\nwith a market cap of $312.51 billion, The consumer goods corporation started in 2021 by losing 9.6%. So far this year it is under-performing the Dow Jones by 15.42%.
\\n\",\"\\n(Last update 6:41am EST, March 12, 2021)
\\n\\nWalt Disney yesterday at a glance – hesitant but green, Walt Disney closed at $196.75 after ranging between $195.4 and $199.05. Trading volume was 11.93 million, below the daily average of 14.03 million.
\\nImportant graph levels to look out for: although Walt Disney is green today and was as high as $199.05, it seems to be slowing down slightly and moving away from the $201.91 resistance line, and is now $5.16 below it. In terms of trend indicators, we can see that at $197.16, Walt Disney made an initial breakout above the 3 day Simple Moving Average, an indication of a positive trend.
\\nOverall, the technical analysis suggests Walt Disney is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $357.15 billion, The entertainment and content production company started in 2021 by gaining 8%. So far this year it is outperforming the Dow by 2.16%.
\\n\",\"\\n(Last update 6:41am EST, March 12, 2021)
\\n\\nCoca-Cola yesterday at a glance – the soft drink company slid down from $51.44 to $50.88, taking a 55 cents loss (1.09%). Trading volume was 17.42 million, below the daily average of 19.45 million.
\\nA study of Coca-Cola's graph shows key levels to watch: Coca-Cola might start to recover soon because it is getting close and is now only 10 cents from the support line at $50.77, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $50.93, Coca-Cola made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.
\\nOverall, technical indicators suggest Coca-Cola has no obvious direction for the immediate future.
\\nWith a market cap of $219.26 billion, The soft drinks giant started in 2021 by losing 7.7%. So far this year it is under-performing the Dow Jones by 13.52%.
\\n\",\"\\n(Last update 6:41am EST, March 12, 2021)
\\n\\nPfizer yesterday at a glance – the pharmaceuticals and biotechnology company slid down from $34.93 to $34.71, taking a 21 cents loss (0.63%). Trading volume was 24.56 million, below the daily average of 32.84 million.
\\nA study of Pfizer's graph shows key levels to watch: for the nearest support level is at $33.49, while the closest resistance is at $37.31. Momentum evaluation shows The Relative Strength Index indicates Pfizer is in overbought condition. Asset volatility analysis shows that the upper Bollinger band is at $35.19, indicating a further downward move might be next.
\\nOverall, technical indicators suggest Pfizer has no obvious direction for the immediate future.
\\nWith a market cap of $193.60 billion, The pharmaceuticals and biotechnology company started 2021 by losing 6%. So far this year it is under-performing the Dow by 11.83%.
\\n\\n
\\n\\n\\n\\n\",\"\\nPfizer CEO Albert Bourla told @Reuters that his company will exceed its original global target for COVID-19 vaccines by as much as 20% this year https://t.co/HJoIm8X8V0 pic.twitter.com/gXrRPOcK6Z
\\n— Reuters (@Reuters) March 12, 2021
(Last update 6:41am EST, March 12, 2021)
\\n\\nMcDonald's yesterday at a glance – light red but with no clear-cut direction, the fast food company closed the session at $211.57 after ranging between $215.23 and $211.49. Trading volume was 3.62 million, above the daily average of 3.25 million.
\\nMcDonald's's graph levels to watch: nearest support level is at $204.84, while the closest resistance is at $215.98.
\\nWith a market cap of $157.74 billion, The fast food giant started 2021 by losing 1.41%. So far this year it is under-performing the Dow by 7.23%.
\\n\",\"\\n(Last update 6:41am EST, March 12, 2021)
\\n\\nLight red, mostly flat: Bitcoin ranges between $58,000 and $55,976 and is now at $56,737.
\\nThe chart pattern study shows Bitcoin flirting with the $57,540 immediate support line. In terms of trend indicators, we can see that at $56,200, Bitcoin made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. 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, technical indicators suggest Bitcoin has no obvious direction for the immediate future.
\\nWith a market cap of 1.06 trillion, Bitcoin started in 2021 by gaining 50.02%.
\\n\\n
\\n\\n\\n\\n\",\"\\nBitcoin nears record highs in yet another surge https://t.co/Pq1zmrRNou pic.twitter.com/z8w11Uzbnv
\\n— Yahoo Finance (@YahooFinance) March 12, 2021
(Last update 6:41am EST, March 12, 2021)
\\n\\nGold is sliding down from $1,722.6 to $1,700.2, taking a $22.4 loss (1.3%).
\\nGold's graph levels to watch: Gold might start to recover soon because it is getting close and is now only $22.5 from the support line at $1,677.7, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $1,711, Gold made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend.
\\nOverall, the technical analysis suggests gold is neutral for the immediate future, with no clear-cut direction.
\\nGold started 2021 by losing 9.92%.
\\n\\n
\\n\\n\\n\\n\",\"\\nInvestors dump bonds and gold, pile into equities: BofA https://t.co/qz8VNUK6ym pic.twitter.com/QQZXHDtzRb
\\n— Reuters (@Reuters) March 12, 2021
(Last update 6:41am EST, March 12, 2021)
\\n\\nOil slid down to $65.63, following mixed behavior today, as it ranged between $65.41 and $66.24.
\\nThe chart pattern study shows crude might start to recover soon because it is getting closer and is now only $2.1 from the support line at $63.53, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the upper Bollinger band is at $67.58, indicating a further downward move might be next.
\\nOverall, the technical analysis suggests crude oil is neutral for the immediate future, with no clear-cut direction.
\\nCrude started 2021 by gaining 26.51%.
\\n\\n
\\n\\n\\n\\n\",\"\\nShell discloses the profitability of its sprawling and secretive oil trading unit for the first time, saying it almost doubled to $2.6 billion https://t.co/HJjbb30kRJ
\\n— Bloomberg (@business) March 12, 2021
(Last update 6:41am EST, March 12, 2021)
\\n\\nEUR/USD slid down from 1.1985 to 1.1926, losing 58 pips (0.49%).
\\nChart visual study suggest Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 1.1822 – a low enough level to usually suggest the Euro is trading below its value.
\\nOverall, looking at the technical analysis landscape, it seems the Euro/Dollar might start pointing upward in the short term.
\\nThe Euro/Dollar started 2021 by losing 2.46%.
\\n\",\"\\n(Last update 7:11am EST, March 12, 2021)
\\n\\nGBP/USD is sliding down from 1.399 to 1.3903, taking a 86 pips loss (0.62%).
\\nThe Chart pattern study shows the Pound/Dollar resistance level is at 1.4138. In terms of trend indicators, we can see that at 1.3956, the Pound made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at 1.4005, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Pound is likely to continue pointing down in the short term.
\\nThe British Pound started in 2021 by gaining 1.87%.
\\n\\n
\\n\\n\\n\\n\",\"\\nNEW: The U.K.'s first batch of official trade data since leaving the EU highlights the early damage done to the flow of goods by Brexit
\\nSee the detail in charts 📊⬇️ https://t.co/Gh1vreqVgC
\\n— Bloomberg Brexit (@Brexit) March 12, 2021
(Last update 7:11am EST, March 12, 2021)
\\n\\nAfter starting the day at 108.51, USD/JPY rallied to 109.17, hitting its highest point in 11 months, It later lost 20 pips and is now trading at 108.96
\\nA visual analysis of the Dollar/Yen's price graph shows the Yen's nearest support level is at 104.55. In terms of trend indicators, we can see that at 108.59, Yen made an initial breakout above the 3 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. On the other hand, note that the upper Bollinger band is at 109.63, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems the Yen is likely to continue pointing upward in the short term.
\\nThe Dollar/Yen started 2021 by gaining 4.78%.
\\n\\n
\\n\\n\\n\\n\",\"\\nJapan January machinery orders seen down for first time in four months – Reuters poll https://t.co/ubt4s4bFpu pic.twitter.com/v3KbzUVw8t
\\n— Reuters Business (@ReutersBiz) March 12, 2021
(Last update 7:11am EST, March 12, 2021)
\\n\\nHesitant but green: from an earlier low of 0.9232, USD/CHF is up to 0.9308 gaining 62 pips compared to the 0.9245 start of the day (0.68%).
\\nThe Chart visual study suggests the Swiss franc nearest support level is at 0.87. In terms of trend indicators, we can see that although up today, it's worth noting that the Swiss franc dropped below the 10 day Simple Moving Average as it was trading at 0.9246, usually an indication that a negative trend is ahead.
\\nOverall, looking at the technical analysis landscape, it seems Dollar/Swiss is likely to reverse course and start pointing down in the short term.
\\nDollar/Swiss started in 2021 by gaining 4.71%.
\\n\",\"\\n(Last update 7:11am EST, March 12, 2021)
\\n\\nAUD/USD slid down from 0.7786 to 0.7744, losing 41 pips (0.53%).
\\nVisual analysis of the Aussie/Dollar's price graph shows the Australian dollar resistance level is at 0.7965. In terms of trend indicators, we can see that at 0.7743, Aussie/Dollar made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape, it seems the Australian dollar is likely to continue pointing down in the short term.
\\nThe Australian dollar started 2021 by gaining 0.43%.
\\n\\n\"],\"title\":\"Financial Markets Review – 12 March 2021 – 07:11:34\",\"date\":\"2021-03-12T12:11:34\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }