\\n
\\n\",\"\\n(Last update 10:31am EST, March 17, 2021)
\\n\\nCurrently light green but with no clear-cut direction, Dow Jones is trading at 32,879 after ranging today between 32,952 and 32,816.
\\nAs the day gets underway, a chart visual study suggests Dow immediate resistance is around 32,936, nearest support level is at 31,962. In terms of trend indicators, we can see that at 32,853, Dow Jones made an initial breakout above the 3 day Simple Moving Average, an indication of a positive trend. The MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. 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 33,100 – a high enough level to usually suggest the Dow is trading above its value.
\\nOverall, the technical analysis suggests the Dow is neutral for the immediate future, with no clear-cut direction.
\\nThe Dow started 2021 by gaining 6.76%.
\\n\\n
\\n\\n\\n\\n\",\"\\nNASDAQ index down sharply. Dow trades marginally higher https://t.co/kJl55ZdTeM
\\n— ForexLive (@ForexLive) March 17, 2021
(Last update 10:31am EST, March 17, 2021)
\\n\\nThe S&P 500 recovered back almost all the way to 3,962.71 after dipping down to 3,940.23.
\\nIn terms of trend indicators, we can see that at 3,942.63, S&P 500 made an initial breakout below the 5 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 3,994.68, indicating a further downward move might be next. On the other hand, note that the S&P might start to recover soon because it is getting close and is now only 15.22 points from the support line at 3,934.83, obviously dipping below it could be an indication that further losses are ahead. 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 – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for S&P
\\nThe S&P started 2021 by gaining 5.21%.
\\n\",\"\\n(Last update 10:31am EST, March 17, 2021)
\\n\\nThe mobile and tech colossus drops 1.64% early on and steadies at the $123.51 range.
\\nAs the day gets underway, a chart visual study suggests the nearest support level is at $116.36, while the closest resistance is at $143.16. In terms of trend indicators, we can see that although down today, it's worth noting that at $123.53 Apple did peak above the 3 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. The MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative.
\\nOverall, technical indicators suggest Apple has no obvious direction for the immediate future.
\\nWith a market cap of $2.07 trillion, The sleek phone manufacturer started in 2021 by losing 5.67%. So far this year it is under-performing the S&P 500 by 10.88%.
\\n\\n
\\n\\n\\n\\n\",\"\\nApple gets boost in French privacy fight, but still faces probe https://t.co/OtHKa3PDz8 pic.twitter.com/9SggitkTvK
\\n— Reuters (@Reuters) March 17, 2021
(Last update 10:32am EST, March 17, 2021)
\\n\\nAfter starting the day at $279.28 Facebook went up to $281.91 only to drop back, yet still positive overall today, trading now at $281.
\\nAs the day gets underway, a chart visual study suggests Facebook could be slowing down soon because it is getting close and is now only $1.05 from the resistance line at $282.05, yet 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 $280.89 – a high enough level to usually suggest Facebook is trading above its value. In contrast, 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 $800.20 billion, The social media company started in 2021 by gaining 2.19%. So far this year it is under-performing the S&P by 3.02%.
\\n\",\"\\n(Last update 10:31am EST, March 17, 2021)
\\n\\nAmazon's price varies between $3,070.22 and $3,108 and settles at $3,101.
\\nAs the day gets underway, a chart visual study suggests Amazon's nearest support level is at $2,952. In terms of trend indicators, we can see that at $3,087, Amazon made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend.
\\nOverall, looking at the technical analysis landscape, it seems Amazon might start pointing upward in the short term.
\\nWith a market cap of $1.56 trillion, The tech and retail multifaceted giant has started 2021 by losing 5.34%. So far this year it is under-performing the S&P by 10.55%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon ( $AMZN ) received a “fresh pick” designation from a Baird analyst, who has an outperform rating and a $4,000 price target for the stock. https://t.co/D6oQ6rBkzm
\\n— TheStreet (@TheStreet) March 17, 2021
(Last update 10:26am EST, March 17, 2021)
\\n\\nThe software giant is recovering but not yet all the way back to $237.71 after dipping down to $234.17.
\\nAs the day gets underway, a chart visual study suggests the nearest support level is at $226.73, while the closest resistance is at $245. 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 $240.59, indicating a further downward move might be next. On the other hand, note that although down today, it's worth noting that at $234.86 Microsoft did peak above the 21 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 Microsoft.
\\nwith a market cap of $1.78 trillion, The iconic OS developer started in 2021 by gaining 6.43%. So far this year it is under-performing the Dow by 0.33%.
\\n\\n
\\n\\n\\n\\n\",\"\\n@JNJNews and @satyanadella @Microsoft agree that collaboration and knowledge sharing are crucial to the manufacturing, healthcare and technology sectors in future. A focus on sustainability, innovation, skilling, wellbeing and culture is paramount. #gln21 @McKinsey
\\n— World Economic Forum (@wef) March 17, 2021
(Last update 10:26am EST, March 17, 2021)
\\n\\nThe search engine giant has recovered some, but not all the way back to $2,092.52 after dipping down to $2,067.55.
\\nAs the day gets underway, a chart visual study suggests that although Google is down today and was as low as $2,067.55, it seems to be recovering slightly and climbing away from the $2,024.17 support line and is now $57.72 above it. In terms of trend indicators, we can see that although down today, it's worth noting that at $2,075 Google did peak above the 21 day Simple Moving Average earlier, usually an indication that a positive move is maybe ahead. However, the upper Bollinger band at $2,124, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Google might reverse course and start pointing upward in the short term.
\\nWith a market cap of $1.38 trillion, The leading search engine company started 2021 by gaining 16.28%. So far this year it is outperforming the S&P by 11.07%.
\\n\",\"\\n(Last update 10:26am EST, March 17, 2021)
\\n\\nAfter dropping down to $651, the trendy electric car company recovered some losses and is currently trading at $682.
\\nAs the day gets underway, a chart visual study suggests Tesla's immediate resistance is around $699.43, nearest support level is at $563. In terms of trend indicators, we can see that at $655.54, Tesla 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 Tesla might continue pointing upwards in the short term.
\\nWith a market cap of $654.61 billion, Elon Musk's electric cars company started in 2021 by losing 4.25%. So far this year it is under-performing the Nasdaq by 8.58%.
\\n\",\"\\n(Last update 10:26am EST, March 17, 2021)
\\n\\nThe video communications platform provider recovered back to $334.47 after dipping down to $325.48 in a session that started at $335.08.
\\nAs the day gets underway, a chart visual study suggests Zoom might start to recover soon because it is getting closer and is now only $23.54 from the support line at $310.93, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the lower Bollinger band is at $317.52, indicating a positive move might be next. In contrast, 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.
\\nOverall, looking at the technical analysis landscape, it seems Zoom might be pointing upward in the short term.
\\nWith a market cap of $100.92 billion, The video communications platform provider started in 2021 by losing 0.67%. So far this year it is under-performing the Nasdaq by 5%.
\\n\",\"\\n(Last update 10:26am EST, March 17, 2021)
\\n\\nThe streaming heavyweight recovered back to $523.17 after dipping down to $514.5 in a session that started at $524.03.
\\nAs the day gets underway, a chart visual study suggests Netflix's resistance level is at $586.34. In terms of trend indicators, we can see that at $518, Netflix made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at $533.23, indicating a downward move might be next.
\\nOverall, the technical analysis suggests Netflix is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $231.71 billion, The streaming company started in 2021 by losing 3.19%. So far this year it is under-performing the S&P 500 by 8.4%.
\\n\",\"\\n(Last update 11:01am EST, March 17, 2021)
\\n\\nThe discount department and warehouse stores chain has recovered some, but not all the way back to $133.39 after dipping down to $132.
\\nA study of Walmart's graph shows key levels to watch: nearest support level is at $127.53, while the closest resistance is at $139.27. Momentum evaluation shows the Relative Strength Index has fallen below 70 – exiting overbought conditions and indicating possible moderate gains or a downward correction is ahead. Japanese candlesticks formations detected today are the "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 reversal, of course.
\\nOverall, the technical analysis suggests Walmart is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $374.61 billion, The discount department and warehouse stores chain started in 2021 by losing 8.07%. So far this year it is under-performing the Dow Jones by 14.83%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon unseats Walmart to become the No. 1 apparel retailer in the US, UBS says https://t.co/RBHeQOR4zc
\\n— CNBC (@CNBC) March 17, 2021
(Last update 11:01am EST, March 17, 2021)
\\n\\nA mostly flat day so far for the consumer goods company, ranging between $129.34 and $128.39 and is now at $129.02.
\\nProcter & Gamble chart analysis: Procter & Gamble's nearest support level is at $122.15. In terms of trend indicators, we can see that at $128.55, Procter & Gamble 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 $131, indicating a downward move might be next. However, the Relative Strength Index indicates Procter & Gamble is in overbought condition, keep an eye out for a slowdown in gains.
\\nOverall, looking at the technical analysis landscape, it seems Procter & Gamble might be pointing down in the short term.
\\nWith a market cap of $317.71 billion, The consumer goods corporation started 2021 by losing 7.91%. So far this year it is under-performing the Dow by 14.67%.
\\n\",\"\\n(Last update 11:01am EST, March 17, 2021)
\\n\\nThe entertainment and content production company slid down from $194.24 to $191.95, losing $2.29 (1.18%).
\\nVisual analysis of the Walt Disney's price graph shows Walt Disney might start to recover soon because it is getting close and is now only $3.92 from the support line at $188.03, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $192.45, Walt Disney made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend.
\\nOverall, the technical analysis suggests Walt Disney is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $348.44 billion, The entertainment and content production company started in 2021 by gaining 6.72%. So far this year it is under-performing the Dow Jones by 0.04%.
\\n\",\"\\n(Last update 11:01am EST, March 17, 2021)
\\n\\nCoca-Cola is rallying again to $51.4 (up 17 cents), after erasing earlier rally gains.
\\nImportant graph levels to look out for: Coca-Cola is eyeing resistance at $51.64 and is now only 24 cents away, whilst this indicates a slow down or reverse of direction around $51.64, crossing it might suggest a prolonged positive move. Asset volatility analysis shows that the upper Bollinger band is at $51.96, This is a slight indication of a slowdown.
\\nOverall, looking at the technical analysis landscape, it seems Coca-Cola is likely to reverse course and start pointing down in the short term.
\\nWith a market cap of $221.49 billion, The soft drink company started in 2021 by losing 7.07%. So far this year it is under-performing the Dow by 13.83%.
\\n\",\"\\n(Last update 11:01am EST, March 17, 2021)
\\n\\nThe pharmaceuticals and biotechnology company remains in the $35.45 range after starting the session at $35.83 and dropping 1.05%.
\\nA study of Pfizer's graph shows key levels to watch: for the nearest support level is at $33.49. In terms of trend indicators, we can see that at $35.42, Pfizer made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend. Momentum evaluation shows the Relative Strength Index has fallen below 70 – exiting overbought conditions and indicating possible moderate gains or a downward correction is ahead. Asset volatility analysis shows that the upper Bollinger band is at $35.85, indicating a further downward move might be next. In contrast, 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 – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Pfizer.
\\nwith a market cap of $197.77 billion, The pharmaceuticals and biotechnology company started 2021 by losing 2.74%. So far this year it is under-performing the Dow by 9.5%.
\\n\",\"\\n(Last update 10:31am EST, March 17, 2021)
\\n\\nAfter opening at $219.86, the fast food company reached $224.76, breaking a 4 – month record. Later, it lost $1.92 and is now trading at $222.84.
\\nAs the day gets underway, a chart visual study suggests McDonald'ss immediate resistance is around $223.58, nearest support level is at $215.98. 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 the upper Bollinger band is at $221.28, This is a slight indication of a slowdown.
\\nOverall, the technical analysis suggests McDonald's is neutral for the immediate future, with no clear-cut direction.
\\nWith a market cap of $166.14 billion, The fast food company started in 2021 by gaining 2.4%. So far this year it is under-performing the Dow Jones by 4.36%.
\\n\",\"\\n(Last update 10:31am EST, March 17, 2021)
\\n\\nBitcoin is down to $55,100 having started the day at $55,750, overall a 1.18% loss or $658 today.
\\nWith a market cap of 1.03 trillion, Bitcoin started in 2021 by gaining 49.2%.
\\n\\n
\\n\\n\\n\\n\",\"\\nCrypto broker Bitcoin Suisse pulls its application for a banking license in Switzerland after a regulator flagged potential weaknesses in the firm’s money-laundering defenses https://t.co/FfkzuGic6C
\\n— Bloomberg (@business) March 17, 2021
(Last update 10:31am EST, March 17, 2021)
\\n\\nCurrently light red but with no clear-cut direction, Gold is trading at $1,728.6 after ranging today between $1,736.7 and 1,722.
\\nA study of Gold's graph shows key levels to watch: the nearest support level is at $1,677.7, while the closest resistance is at $1,806.7. In terms of trend indicators, we can see that at $1,725, Gold 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 Gold is likely to continue pointing down in the short term.
\\nGold started 2021 by losing 9.28%.
\\n\",\"\\n(Last update 10:31am EST, March 17, 2021)
\\n\\nCurrently light red but with no clear-cut direction. Crude oil is trading at $64.45 after ranging today between $65.34 and $63.68.
\\nAn analysis of the crude oil chart suggests crude oil might start to recover soon because it is getting closer and is now only 92 cents from the support line at $63.53, Obviously, dipping below it could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $64.84, crude oil made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend.
\\nOverall, technical indicators suggest crude oil has no obvious direction for the immediate future.
\\nCrude oil started in 2021 by gaining 25.05%.
\\n\\n
\\n\\n\\n\\n\",\"\\nUS weekly oil inventories +2396K vs +2700K expected https://t.co/qLaKd8rf3R
\\n— ForexLive (@ForexLive) March 17, 2021
(Last update 10:31am EST, March 17, 2021)
\\n\\nAfter dropping down to 1.1891, EUR/USD recovered some losses and is currently trading at 1.1918.
\\nThe Chart pattern study shows the Euro/Dollar might start to recover soon because it is getting closer and is now only 69 pips from the support line at 1.1848, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that the lower Bollinger band is at 1.1803, indicating a positive move might be next. However, at 1.1894, Euro/Dollar made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape, it seems the Euro might be pointing upward in the short term.
\\nThe Euro/Dollar started 2021 by losing 2.46%.
\\n\",\"\\n(Last update 11:11am EST, March 17, 2021)
\\n\\nGBP/USD slid down to 1.3875, following mixed behavior today, as it ranged between 1.3875 and 1.3927.
\\nThe Chart pattern study shows the pound's resistance level is at 1.4138. In terms of trend indicators, we can see that at 1.39, pound/dollar 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. Asset volatility analysis shows that the upper Bollinger band is at 1.3987, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the pound/dollar is likely to continue pointing down in the short term.
\\nThe British Pound started in 2021 by gaining 1.68%.
\\n\\n
\\n\\n\\n\\n\",\"\\nFacing 'crisis of century', EU threatens ban on COVID vaccine exports to UK https://t.co/KvafJhMTUL pic.twitter.com/05Mz5HwOJj
\\n— Reuters Business (@ReutersBiz) March 17, 2021
(Last update 11:11am EST, March 17, 2021)
\\n\\nStarting the session at 109, USD/JPY rallied above 109.25 for the first time in 11 months, gaining 22 pips, and is now trading at 109.22.
\\nThe Chart visual study suggests the Yen's nearest support level is at 108.92. Momentum evaluation shows The Relative Strength Index indicates the Dollar/Yen is in overbought condition. Asset volatility analysis shows that the upper Bollinger band is at 109.72, This is a slight indication of a slowdown.
\\nOverall, technical indicators suggest the Dollar/Yen has no obvious direction for the immediate future.
\\nThe Yen started in 2021 by gaining 5.41%.
\\n\",\"\\n(Last update 11:11am EST, March 17, 2021)
\\n\\nHesitant but green: from an earlier low of 0.924, USD/CHF is up to 0.9286 gaining 44 pips compared to the 0.9242 start of the day (0.48%).
\\nDollar/Swiss's graph levels to watch: Dollar/Swiss immediate resistance is around 0.9327, nearest support level is at 0.87. In terms of trend indicators, we can see that at 0.9274, Swiss franc made an initial breakout above the 5 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that the upper Bollinger band is at 0.936, This is a slight indication of a slowdown.
\\nOverall, technical indicators suggest the Dollar/Swiss has no obvious direction for the immediate future.
\\nThe Swiss franc started in 2021 by gaining 4.63%.
\\n\",\"\\n(Last update 11:11am EST, March 17, 2021)
\\n\\nAUD/USD dropped from 0.7745 to 0.7713, losing 32 pips (0.42%).
\\nThe Chart visual study suggests the Aussie/Dollar resistance level is at 0.7965. In terms of trend indicators, we can see that at 0.7722, Australian dollar made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7648 – a low enough level to usually suggest the Australian dollar is trading below its value.
\\nOverall, the technical analysis suggests the Australian dollar is neutral for the immediate future, with no clear-cut direction.
\\nThe Aussie/Dollar started 2021 by gaining 0.72%.
\\n\\n\"],\"title\":\"Financial Markets Review – 17 March 2021 – 11:11:36\",\"date\":\"2021-03-17T15:11:36\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }