\\n

After opening at 12,899.4, NASDAQ reached a record high of 12,973.33. Later, it lost 123.1 points and closed at 12,850.22.

\\n

The Nasdaq came under pressure as President Donald Trump signed a 900 billion dollar coronavirus relief and government funding package into law Sunday, days after he sent Washington into a panic by suggesting he could veto the bill.

\\n

Meanwhile, United States API Weekly Crude Oil Stock fell short of the -2.1 projection to -4.785 and continued its downward trajectory from the previous figure of 2.7. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Oct) beats expectations of 6.9 with new data release of 7.9. This is also a step forward from the previous data of 6.6. United States CFTC Crude Oil speculative net positions released on Monday at 8:30 PM with a figure of 525.7, This is better than the previous number of 514.6.

\\n

Although the Nasdaq is down today and was as low as 12,822, it seems to be recovering slightly and climbing away from the 12,582.77 support line and is now 267.5 points above it. The Relative Strength Index has fallen below 70 – exiting overbought conditions and indicating possible moderate gains or a downward correction is a head. The upper Bollinger band was at 12,972.3, indicating a further downward move might be next. Overall, looking at the technical analysis landscape, it seems further drawbacks may be next for Nasdaq

\\n

Taking a wider perspective, performance of these other symbols usually suggests a setback for Nasdaq as Google dropped -0.98% (17.37 dollars) to 1,758.72. The Shanghai Composite Index lost 18.2 points from the start of the session, trading at 3,379 levels.

\\n

Also Monday – Apple hit a fresh record high at 138.78, Facebook is receding away from the 287.52 resistance line, 8.87 dollars below it now.

\\n

The market will keep its eye on the following upcoming macroeconomics indicators: Today at 3:30 PM, data for United States Crude Oil Inventories will be released, with an expected decline to -2.583 from the preceding figure of -0.562. United States Pending Home Sales is projected to outperform last figure with 0.2 while it previously stood at -1.1, data will be released today at 3:00 PM. The United States Chicago PMI (Dec) is expected to come out at 57 when it's released today at 2:45 PM, This is a decline from the preceding data which was 58.2. The United States Goods Trade Balance is expected today at 1:30 PM.

\\n

The Nasdaq social media highlights:

\\n
\\n

📣 It's an @AmerResources takeover in Times Square!

\\n

This afternoon, the $AREC team rang the @Nasdaq Closing Bell to celebrate the commencement of operations at their premier mining site, Perry County Resources (PCR) complex.

\\n

Congratulations! #NasdaqListed pic.twitter.com/4Pm0KKuIcG

\\n

— Nasdaq (@Nasdaq) December 29, 2020

\\n

\\n

\\n\",\"\\n

Dow Jones hits new all time high at 30,588.79

\\n

(Last update 4:21pm EST, December 29, 2020)

\\n

\\n

After opening at 30,404, Dow Jones reached a record high of 30,588.79. Later, it lost 253.1 points and closed at 30,335.67.

\\n

The Dow is getting closer and is now only 385.2 points from the support line at 29,950.44. Dipping below it might indicate further losses are ahead. The upper Bollinger band was at 30,418.56, indicating a further downward move might be next.

\\n

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

\\n\",\"\\n

S&P hits new all time high at 3,756

\\n

(Last update 4:21pm EST, December 29, 2020)

\\n

\\n

After opening at 3,735.36, S&P 500 reached a record high of 3,756. Later, it lost 29.1 points and closed at 3,727.

\\n

The S&P is getting closer and is now only 39.8 points from the support line at 3,687.26. Dipping below it might indicate further losses are ahead. The upper Bollinger band was at 3,736.2, indicating a further downward move might be next.

\\n

Overall, the technical analysis suggests the S&P 500 is neutral for the immediate future, with no clear-cut direction.

\\n\",\"\\n

Apple hits new all time high at 138.78

\\n

(Last update 4:21pm EST, December 29, 2020)

\\n

\\n

After opening at 136.69, Apple reached a record high of 138.78. Later, it lost 3.91 dollars and closed at 134.87.

\\n

Apple's nearest support level is at 120.3, followed by 113.85 at the next level. The Relative Strength Index has fallen below 70 – exiting overbought conditions and indicating possible moderate gains or a downward correction is a head. The MACD line is above the MACD signal line significantly, meaning medium-term momentum might turn negative. The upper Bollinger band was at 135.69, indicating a further downward move might be next.

\\n

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

\\n

\\n

\\n

Apple lost its copyright claims against a Florida company that makes “virtual iPhones” used by security researchers to test for vulnerabilities to its system https://t.co/rV9pNWMyhN

\\n

— Bloomberg (@business) December 29, 2020

\\n

\\n

\\n\",\"\\n

Stable day for Facebook, parking at 276.78

\\n

(Last update 4:22pm EST, December 29, 2020)

\\n

\\n

Facebook yesterday at a glance –

\\n

Facebook remained in the 276.78 range after starting the session at 277 and dropping 22 cents. Trading volume was 16.23 million, below its daily average of 16.50 million.

\\n

Facebook's resistance level is at 287.52. At 275.73, Facebook made an initial breakout above the 50 day Simple Moving Average. The upper Bollinger band is at 288.47 and the lower is 265.39.

\\n

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

\\n

\\n

\\n

Details of a state attorneys general lawsuit against Google, including contract terms and company documents, shed light on the legal battle against the tech giant, which is accused of illegally fixing prices in a 2018 contract with Facebook https://t.co/rYdHXWMyop

\\n

— The Wall Street Journal (@WSJ) December 29, 2020

\\n

\\n

\\n\",\"\\n

Amazon rallied beyond 3,350.62 for the first time in 7 weeks

\\n

(Last update 4:22pm EST, December 29, 2020)

\\n

\\n

After starting the day at 3,284, Amazon rallied to 3,350.62, hitting its highest point in 7 weeks, It later lost 28.62 dollars and closed at 3322.

\\n

The nearest resistance level is at 3322. At 3,178.58, Amazon made an initial breakout above the 21 day Simple Moving Average. The upper Bollinger band is at 3,297.45, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Amazon's ( $AMZN ) "other" unit is expected to grow at a faster pace than its other business segments, bringing in $21 billion in 2020.https://t.co/prVbNYbJ1S

\\n

— TheStreet (@TheStreet) December 29, 2020

\\n

\\n

\\n\",\"\\n

Microsoft rallied beyond 227.18 for the first time in 7 weeks and a half

\\n

(Last update 5:06pm EST, December 29, 2020)

\\n

\\n

After starting the day at 224.96, Microsoft rallied to 227.18, hitting its highest point in 7 weeks and a half, It later lost 3.03 dollars and closed at 224.15

\\n

The nearest support level is at 210.11. The MACD line is above the MACD signal line significantly, meaning medium-term momentum might turn negative. The upper Bollinger band was at 226.22, indicating a further downward move might be next.

\\n

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

\\n\",\"\\n

Google rally ends: After three days of gains, it is down -0.98% yesterday

\\n

(Last update 5:06pm EST, December 29, 2020)

\\n

\\n

Google yesterday at a glance –

\\n

After starting the day at 1,776, Alphabet went up to 1,792.44 only to drop back to the starting point and close at 1,758.72. Trading volume was 1.29 million, below its daily average of 1.45 million.

\\n

Although Google is down today and was as low as 1,756, it seems to be recovering slightly and climbing away from the 1,723.5 support line and is now 35.22 dollars above it. Although down today, worth noting that at 1,775.68, Google made an initial breakout above the 21 day Simple Moving Average earlier. The upper Bollinger band is at 1,843 and the lower is 1,706.77.

\\n

Overall, looking at the technical analysis landscape, it seems Google might reverse course and start pointing upward in the short term.

\\n

\\n

\\n

Details of a state attorneys general lawsuit against Google, including contract terms and company documents, shed light on the legal battle against the tech giant, which is accused of illegally fixing prices in a 2018 contract with Facebook https://t.co/rYdHXWMyop

\\n

— The Wall Street Journal (@WSJ) December 29, 2020

\\n

\\n

\\n\",\"\\n

A slow down? after three days of going up, Tesla was flat yesterday, hovering around 666

\\n

(Last update 5:06pm EST, December 29, 2020)

\\n

\\n

Tesla yesterday at a glance –

\\n

Tesla recovered back to 666 after dipping down to 655 in a session that started at 663.69. Trading volume was 21.86 million, below its daily average of 56.24 million.

\\n

Tesla is getting close and is now only 16.11 dollars from the support line at 649.88. Dipping below it might indicate further losses are ahead. The upper Bollinger band is at 694, indicating a downward move might be next.

\\n

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

\\n

\\n

\\n

Tesla ( $TSLA ) agreed to a five-year purchase of lithium for its car batteries from China’s Sichuan Yahua Industrial Group.https://t.co/Zf7VYxnguV

\\n

— TheStreet (@TheStreet) December 29, 2020

\\n

\\n

\\n\",\"\\n

After three days of going down, Zoom was mostly flat yesterday, closing at 353.75

\\n

(Last update 5:06pm EST, December 29, 2020)

\\n

\\n

Zoom yesterday at a glance –

\\n

After starting the session at 351.39, Zoom spiked to 359.91, dropped back to starting point range, and rallied again to 353.75. Trading volume was 5.80 million, below its daily average of 7.44 million.

\\n

The Zoom resistance level is at 376. The Relative Strength Index has gone up above 30 – exiting oversold conditions and indicating a slowdown of gains. The lower Bollinger band is at 361.1, indicating a positive move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Zoom is pretty hot and might start pointing upward in the short term.

\\n\",\"\\n

Netflix rallied beyond 536.55 for the first time in 2 months

\\n

(Last update 5:06pm EST, December 29, 2020)

\\n

\\n

After starting the day at 519.12, Netflix rallied to 536.55, hitting its highest point in 2 months, It later lost 5.68 dollars and closed at 530.87

\\n

Netflix's immediate resistance is around 533.17, nearest support level is at 470.5. Although up today, worth noting that at 510.3, Netflix made an initial breakout below the 21 day Simple Moving Average earlier. The upper Bollinger band is at 539.91, indicating a negative correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Netflix is likely to reverse course and start pointing down in the short term.

\\n\",\"\\n

Walmart slides down to 143.75 after starting the day at 145.22 (down -1%)

\\n

(Last update 1:31pm EST, December 29, 2020)

\\n

\\n

Walmart slid down from 145.22 to 143.75, taking a 1.47 dollars loss (-1%).

\\n

Walmart's immediate support is around 142.65, resistance level is at 152.79. At 145.08, Walmart made an initial breakout below the 10 day Simple Moving Average. The lower Bollinger band at 141.92, indicating a positive correction might be next.

\\n

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

\\n\",\"\\n

Procter & Gamble steady at 138.48, no significant movement

\\n

(Last update 1:31pm EST, December 29, 2020)

\\n

\\n

Procter & Gamble is trading at 138.48 having started the day at 139.22, overall a -0.14% move or 19 cents today.

\\n

Procter & Gamble is getting close and is now only 49 cents from the support line at 138. Dipping below it might indicate further losses are ahead. At 139.42, Procter & Gamble made an initial breakout above the 50 day Simple Moving Average. The upper Bollinger band is at 139.54, indicating a downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Procter & Gamble might be pointing upward in the short term.

\\n\",\"\\n

Walt Disney hits fresh record high at 180.2

\\n

(Last update 1:31pm EST, December 29, 2020)

\\n

\\n

After opening at 178.86, Walt Disney reached a record high of 180.2. Later, it lost 2.92 dollars and is now trading at 177.28.

\\n

Walt Disney is getting close and is now only 1.55 dollars from the support line at 175.72. Dipping below it might indicate further losses are ahead. The Relative Strength Index indicates Walt Disney is in overbought condition. The upper Bollinger band is at 185.82 and the lower is 145.18.

\\n

Overall, looking at the technical analysis landscape, it seems Walt Disney might reverse course and start pointing upward in the short term.

\\n\",\"\\n

A slow down? after three days of going up, Coca-Cola is flat today, hovering around 54.18

\\n

(Last update 1:31pm EST, December 29, 2020)

\\n

\\n

Coca-Cola is trading at 54.18 with no clear-cut direction, ranging between 54.48 and 54.03.

\\n

Coca-Cola is getting closer and is now only 20 cents from the support line at 53.98. Dipping below it might indicate further losses are ahead. Medium-term momentum 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. The upper Bollinger band is at 54.33, indicating a downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Coca-Cola might be pointing upward in the short term.

\\n\",\"\\n

Pfizer inches to 36.95 (a 0.34% gain) after starting the day at 36.82

\\n

(Last update 1:31pm EST, December 29, 2020)

\\n

\\n

Currently light green but with no clear-cut direction, Pfizer is trading at 36.95 after ranging today between 37.14 and 36.8.

\\n

The nearest resistance level is at 42.56. The upper Bollinger band is at 42.9 and the lower is 35.42.

\\n

\\n

\\n

The European Union will trigger an option to buy an additional 100 million doses of the Covid-19 vaccine developed by Pfizer and BioNTech https://t.co/au8NAD7lR7

\\n

— Bloomberg (@business) December 29, 2020

\\n

\\n

\\n\",\"\\n

McDonald's (New York Stock Exchange:MCD) starts session by gaining 0.31% to 214.69

\\n

(Last update 9:31am EST, December 29, 2020)

\\n

\\n

The nearest resistance level is at 219.71. The upper Bollinger band is at 216.83, indicating a negative correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for McDonald's

\\n\",\"\\n

After starting the day at 26,232.953, Bitcoin crawls to 26,747.463 (up 514.5099999999984 points)

\\n

(Last update 9:31am EST, December 29, 2020)

\\n

\\n

After starting the day at 26,232.953, Bitcoin went up to 27,028.39 only to drop back, yet is still positive overall today, trading now at 26,747.463.

\\n

The Relative Strength Index indicates Bitcoin is in overbought condition, keep an eye out for a slowdown of gains. The upper Bollinger band is at 28,350.3378 and the lower is 16,880.0927.

\\n

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

\\n

\\n

\\n

Bitcoin Rally Likely To Peak Out In Coming Weeks, Says Technical Analyst $BTC $ETH $GBTChttps://t.co/nGyiuPD9Zd

\\n

— Benzinga (@Benzinga) December 29, 2020

\\n

\\n

\\n\",\"\\n

Gold up 3.7 dollars, trading around 1,884

\\n

(Last update 9:31am EST, December 29, 2020)

\\n

\\n

Small gain for Gold at 1,884 after ranging today between 1,876.8 and 1,887.8.

\\n

Gold immediate resistance is around 1,890.77, nearest support level is at 1,775.7. At 1,880, Gold made an initial breakout above the 10 day Simple Moving Average. The upper Bollinger band is at 1,909.69, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Gold stalls at $1,900 again but buyers continue to keep in control for now https://t.co/WDLFWOtEhN

\\n

— ForexLive (@ForexLive) December 29, 2020

\\n

\\n

\\n\",\"\\n

Crude up 63 cents, trading around 48.25

\\n

(Last update 9:31am EST, December 29, 2020)

\\n

\\n

With a daily low of 47.68, Crude holds at 48.25 after starting the day at 47.62 and gaining 63 cents (1.32%).

\\n

Crude is getting closer and is now only 84 cents from the resistance line at 49.1, Crossing it might suggest further gains are ahead. At 47.96, crude oil made an initial breakout above the 10 day Simple Moving Average. The upper Bollinger band is at 49.25, indicating a negative correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for oil.

\\n

\\n

\\n

Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions https://t.co/MVkFC8ppmW pic.twitter.com/uqI007dAGz

\\n

— Reuters (@Reuters) December 29, 2020

\\n

\\n

\\n\",\"\\n

After starting the day at 1.2213, Euro/Dollar moves up to 1.2261 (up 47 pips)

\\n

(Last update 9:31am EST, December 29, 2020)

\\n

\\n

With a daily low of 1.2213, EUR/USD holds at 1.2261 after starting the day at 1.2213 and gaining 47 pips (0.39%).

\\n

The Euro/Dollar eyes resistance at 1.2273 and is now only 12 pips away. Crossing it might suggest a continuation of a positive trend. The upper Bollinger band is at 1.2287, indicating a negative correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems the Euro is likely to reverse course and start pointing down in the short term.

\\n

\\n

\\n

The U.K. and the EU will on Wednesday sign the treaty formalizing the post-Brexit trade agreement the two sides reached on Christmas Eve https://t.co/pyWiKv0Qm8

\\n

— Bloomberg Brexit (@Brexit) December 29, 2020

\\n

\\n

\\n\",\"\\n

The British Pound inches to 1.3485 up 32 pips

\\n

(Last update 2:21pm EST, December 29, 2020)

\\n

\\n

Hesitant but green: from an earlier low of 1.3448, GBP/USD is up to 1.3485, gaining 32 pips compared to 1.3452 at the start of the day (0.24%).

\\n

The Pound approaches the closest resistance line at 1.3581 and is now only 96 pips away, crossing it might suggest further gains are ahead. At 1.348, pound/dollar made an initial breakout above the 10 day Simple Moving Average. The upper Bollinger band is at 1.3612, indicating a negative correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for the British Pound.

\\n

\\n

\\n

Vietnam, Britain sign free trade deal, to take effect Dec. 31 https://t.co/taBrXhWy6U pic.twitter.com/nhW9D8OmzR

\\n

— Reuters (@Reuters) December 29, 2020

\\n

\\n

\\n\",\"\\n

Dollar/Yen nudges to 103.55 after starting the day at 103.79 (down -0.23%)

\\n

(Last update 2:21pm EST, December 29, 2020)

\\n

\\n

USD/JPY slid down from 103.79 to 103.55, losing 24 pips (-0.23%).

\\n

The Dollar/Yen is getting closer and is now only 22 pips from the support line at 103.32. Dipping below it might indicate further losses are ahead. At 103.52, dollar/yen made an initial breakout below the 10 day Simple Moving Average. The upper Bollinger band was at 104.49, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems further drawbacks may be next for the Dollar/Yen

\\n\",\"\\n

At 0.8827 Swiss franc down to its lowest value in 5 years

\\n

(Last update 2:21pm EST, December 29, 2020)

\\n

\\n

Having started at 0.8892 USD/CHF dropped to 0.8827, hitting its lowest point in 5 years, later it recovered 20 pips and closed at 0.8848

\\n

The Dollar/Swiss resistance level is at 0.9005. At 0.8869, Dollar/Swiss made an initial breakout below the 10 day Simple Moving Average. The upper Bollinger band was at 0.894, indicating a further downward move might be next.

\\n

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

\\n\",\"\\n

Australian dollar rises to 0.7609 (a 0.38% gain) after starting the day at 0.758

\\n

(Last update 2:21pm EST, December 29, 2020)

\\n

\\n

With a daily low of 0.758, AUD/USD holds at 0.7609 after starting the day at 0.758 and gaining 28 pips (0.38%).

\\n

Aussie eyes resistance at 0.7628 and is now only 19 pips away. Crossing it might suggest a continuation of a positive trend. Although up today, worth noting that at 0.7581, Aussie/Dollar made an initial breakout below the 10 day Simple Moving Average earlier. The upper Bollinger band is at 0.768, indicating a negative correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems the Australian dollar is likely to reverse course and start pointing down in the short term.

\\n

\\n

\\n

Ten years after its release, “A Serbian Film” is still forbidden in Australia, New Zealand and Germany, among many others. From August 2020 https://t.co/AFD2rJvwyU

\\n

— The Economist (@TheEconomist) December 29, 2020

\\n

\\n

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