\\n

After opening at 12,764.7, NASDAQ reached a record high of 12,809.6. Later, it lost 54 points and closed at 12,755.64.

\\n

This limbo state for the Nasdaq is reflected by market data published as United States Current Account released on Friday at 1:30 PM is better than expected at -178.5 but down from preceding data of -161.4 according to new data. The United States U.S. Baker Hughes Oil Rig Count was released on Friday at 6:00 PM with a figure of 263, This is better than the previous number of 258. United States U.S. Baker Hughes Total Rig Count was released on Friday at 6:00 PM with a figure of 346, This is better than the previous number of 338.

\\n

The Relative Strength Index indicates the Nasdaq is in overbought condition, keep an eye out for a slowdown in gains. At 12,672.67, Nasdaq made an initial breakout below the 3 day Simple Moving Average. The Nasdaq's nearest support level is at 10,911.59.

\\n

While the Nasdaq was pretty flat yesterday, mixed performances were seen elsewhere as Apple dropped -1.59% (2.04 dollars) to 126.66. Google dropped -0.97% (16.89 dollars) to 1,731. Facebook is up 0.7% (1.92 dollars) to 276.4 levels. The Shanghai Composite Index lost 10 points from the start of the session, trading at 3,395 levels.

\\n

The Nasdaq social media highlights:

\\n
\\n

.@Nasdaq proudly welcomed 300 IPOs – including the largest IPO of the year, @Airbnb, as well as companies such as @WishShopping, @Warner_Music, @GoodRx, and more.

\\n

We look forward to continuing the momentum with #NasdaqListed companies in 2021. pic.twitter.com/Uv9y17uv9O pic.twitter.com/JTZ3a3heC3

\\n

— Nasdaq (@Nasdaq) December 19, 2020

\\n

\\n

\\n\",\"\\n

Dow hits fresh record high at 30,343.59

\\n

(Last update 4:40pm EST, December 19, 2020)

\\n

\\n

After opening at 30,303.37, Dow Jones reached a record high of 30,343.59. Later, it lost 164.5 points and closed at 30,179.

\\n

The Dow's nearest support level is at 26,501.6. At 30,109.51, the Dow made an initial breakout below the 10 day Simple Moving Average. The upper Bollinger band was at 30,382.64, indicating a further downward move might be next.

\\n

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

\\n\",\"\\n

S&P hits fresh record high at 3,726.7

\\n

(Last update 4:40pm EST, December 19, 2020)

\\n

\\n

After opening at 3,722.48, S&P 500 reached a record high of 3,726.7. Later, it lost 17.3 points and closed at 3,709.41.

\\n

The nearest support level is at 3,270. At 3,706, S&P made an initial breakout below the 3 day Simple Moving Average. The upper Bollinger band at 3,740, indicating a further downward move might be next.

\\n

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

\\n\",\"\\n

Apple is trading around 126.66 after losing -1.59% yesterday

\\n

(Last update 4:40pm EST, December 19, 2020)

\\n

\\n

Apple yesterday at a glance –

\\n

Apple slid down from 128.7 to 126.66, taking a 2.04 dollars loss (-1.59%). Trading volume was 192.54 million, above its daily average of 100.72 million.

\\n

Apple's nearest support level is at 120.3, followed by 113.85 at the next level. At 128.13, Apple made an initial breakout below the 3 day Simple Moving Average. The upper Bollinger band is at 130.75 and the lower is 113.92.

\\n

Overall, looking at the technical analysis landscape, it seems further drawbacks are next for Apple.

\\n

\\n

\\n

Apple is temporarily closing all of its retail stores in California as the Covid-19 pandemic continues to surge across the state https://t.co/fLesZc0WCt

\\n

— Bloomberg (@business) December 19, 2020

\\n

\\n

\\n\",\"\\n

Facebook will open at 276.4 after gaining 0.7% yesterday

\\n

(Last update 4:40pm EST, December 19, 2020)

\\n

\\n

Facebook yesterday at a glance –

\\n

Facebook recovered all the way back to 274.48 after dipping down to 271.16. Trading volume was 26.69 million, above its daily average of 16.60 million.

\\n

The nearest resistance level is at 294.68. At 275.73, Facebook made an initial breakout above the 50 day Simple Moving Average. The lower Bollinger band is at 268.79, indicating further gains might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Facebook is pretty hot and will continue pointing upward in the short term.

\\n

\\n

\\n

The latest round of big tech battles pits two giants against each other: Apple vs. Facebook. @jonfortt breaks down both sides of the argument, and asks if Apple is right to limit data collection. https://t.co/zNbdzBwiic pic.twitter.com/vMiAJtvXD7

\\n

— CNBC (@CNBC) December 19, 2020

\\n

\\n

\\n\",\"\\n

Amazon is trading at 3,201.65, down by -1.06% as session closes

\\n

(Last update 4:40pm EST, December 19, 2020)

\\n

\\n

Amazon yesterday at a glance –

\\n

Amazon went dark red after losing 34.43 dollars, tumbling down to 3,201.65. Trading volume was 6.00 million, above its daily average of 3.60 million.

\\n

The nearest support level is at 3,035 while the closest resistance is at 3322. At 3,186, Amazon made an initial breakout below the 50 day Simple Moving Average. The upper Bollinger band was at 3,255, indicating a further downward move might be next.

\\n

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

\\n

\\n

\\n

The Delhi High Court will give its verdict on Dec. 21 on Future Retail’s petition to restrain Amazon from writing letters to regulators against the Indian retailer’s asset sale deal with Reliance Industries https://t.co/TfVcjXD6gN

\\n

— Bloomberg (@business) December 19, 2020

\\n

\\n

\\n\",\"\\n

Microsoft is trading around 218.59 after losing -0.38% yesterday

\\n

(Last update 4:45pm EST, December 19, 2020)

\\n

\\n

Microsoft yesterday at a glance –

\\n

Microsoft dropped 82 cents early on and stayed at the 218.59 range. Trading volume was 63.35 million, above its daily average of 28.51 million.

\\n

Microsoft's nearest support level is at 210.11, followed by 202.33 at the next level. At 217.5, Microsoft made an initial breakout below the 3 day Simple Moving Average. The upper Bollinger band was at 219.96, 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

\\n

Writing in The Economist in April, Microsoft's co-founder @BillGates suggested that covid-19 will encourage leaders to develop institutions to prevent the next pandemic. One of our most-read guest contributions of 2020 https://t.co/feUswZkeXb

\\n

— The Economist (@TheEconomist) December 19, 2020

\\n

\\n

\\n\",\"\\n

Google closes at 1,731, up 16.89 dollars, adding one more to its four straight days of losses

\\n

(Last update 4:45pm EST, December 19, 2020)

\\n

\\n

Google yesterday at a glance –

\\n

Alphabet dropped 16.89 dollars early on and stayed at the 1,731 range. Trading volume was 4.02 million, above its daily average of 1.57 million.

\\n

The nearest support level is at 1,516.62 while the closest resistance is at 1,828. The lower Bollinger band was at 1,716.81, indicating a positive correction might be next.

\\n

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

\\n\",\"\\n

Tesla closes at 695 after gaining 5.96% during the session

\\n

(Last update 4:45pm EST, December 19, 2020)

\\n

\\n

Tesla yesterday at a glance –

\\n

After it started the day at 655.9, Tesla went up to 695 only to drop back, yet still traded positively overall and closed at 695. Trading volume was 222.13 million, above its daily average of 56.42 million.

\\n

Tesla's immediate resistance is around 717.15, nearest support level is at 649.88. The Relative Strength Index indicates Tesla is in overbought condition. Although up today, worth noting that at 637.31, Tesla made an initial breakout below the 3 day Simple Moving Average earlier. The upper Bollinger band is at 698.69, 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 Tesla.

\\n

\\n

\\n

Battling Tesla, Ford’s chairman is introducing an electric Mustang sport-utility vehicle and an electric F-150 pickup truck, and Volkswagen selected Ford as its partner to develop self-driving cars. Here is what he told our @dgelles. https://t.co/6u4E290SGV

\\n

— NYT Business (@nytimesbusiness) December 19, 2020

\\n

\\n

\\n\",\"\\n

Zoom will open at 406 after gaining 1.09% yesterday

\\n

(Last update 4:45pm EST, December 19, 2020)

\\n

\\n

Zoom yesterday at a glance –

\\n

Light green but with no clear-cut direction, Zoom closed at 406 after it ranged between 408.11 and 398.3. Trading volume was 6.17 million, below its daily average of 7.81 million.

\\n

The nearest resistance level is at 478.36. Although up today, worth noting that at 401.12, Zoom made an initial breakout below the 10 day Simple Moving Average earlier. The upper Bollinger band is at 462.61 and the lower is 368.14.

\\n

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

\\n

\\n

\\n

Federal prosecutors in Brooklyn are going after a Zoom executive based in China. https://t.co/h3xsupKtdd

\\n

— NYT Business (@nytimesbusiness) December 19, 2020

\\n

\\n

\\n\",\"\\n

A slow down: after three days of going up, Netflix was flat yesterday, closing at 534.45

\\n

(Last update 4:45pm EST, December 19, 2020)

\\n

\\n

Netflix yesterday at a glance –

\\n

Netflix recovered back to 534.45 after dipping down to 526.15 in a session that started at 532.9. Trading volume was 4.50 million, above its daily average of 3.76 million.

\\n

Netflix is getting close and is now only 19.72 dollars from the support line at 514.73. Dipping below it might indicate further losses are ahead. The upper Bollinger band is at 540.65, indicating a downward move might be next.

\\n

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

\\n

\\n

\\n

By 2024, Disney will splurge $14bn-16bn a year on streaming, nearly as much as the $17bn that Netflix earmarked to spend in 2020 https://t.co/QuogggCWIN

\\n

— The Economist (@TheEconomist) December 19, 2020

\\n

\\n

\\n\",\"\\n

Stable day for Walmart, trading around 145.95

\\n

(Last update 4:30pm EST, December 19, 2020)

\\n

\\n

Walmart yesterday at a glance –

\\n

Walmart closed at 145.95 with no clear-cut direction and ranged between 147.18 and 145.16. Trading volume was 13.79 million, above its daily average of 7.55 million.

\\n

Walmart's nearest support level is at 138.75. At 146.32, Walmart made an initial breakout above the 50 day Simple Moving Average. The lower Bollinger band is at 143.73, indicating a positive move might be next.

\\n

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

\\n

\\n

\\n

Amazon, Kroger, Walmart boosted by 'once in a lifetime' convergence of online retail, grocery buys https://t.co/ldeFnCraiP by @BrookeDiPalma pic.twitter.com/qoNAVwtjW8

\\n

— Yahoo Finance (@YahooFinance) December 19, 2020

\\n

\\n

\\n\",\"\\n

Procter & Gamble closes at 139.04, up 78 cents, adding one more to its five straight days of gains

\\n

(Last update 4:30pm EST, December 19, 2020)

\\n

\\n

Procter & Gamble yesterday at a glance –

\\n

Procter & Gamble recovered back all the way to 138.25 after it traded lower at 137.47. Trading volume was 19.99 million, above its daily average of 7.16 million.

\\n

The nearest resistance level is at 144.28. Although up today, worth noting that at 137.93, Procter & Gamble made an initial breakout below the 21 day Simple Moving Average earlier. The upper Bollinger band is at 140, indicating a negative correction might be next.

\\n

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

\\n\",\"\\n

Walt Disney is trading around 172.89 after losing -0.38% yesterday

\\n

(Last update 4:30pm EST, December 19, 2020)

\\n

\\n

Walt Disney yesterday at a glance –

\\n

Light red but with no obvious direction, Walt Disney traded at 172.89 after ranging between 175.84 and 172.28. Trading volume was 21.17 million, above its daily average of 14.99 million.

\\n

Walt Disney's nearest support level is at 151.49, followed by 142.59 at the next level. The Relative Strength Index indicates Walt Disney is in overbought condition, keep an eye out for a slowdown in gains. At 173.09, Walt Disney made an initial breakout below the 5 day Simple Moving Average. The upper Bollinger band is at 180.28 and the lower is 137.72.

\\n

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

\\n\",\"\\n

Coca-Cola will open at 53.74 after gaining 0.88% yesterday

\\n

(Last update 4:30pm EST, December 19, 2020)

\\n

\\n

Coca-Cola yesterday at a glance –

\\n

Coca-Cola went up to 53.74, having started the session at 53.08. Overall, a 0.88% move or 46 cents. Trading volume was 35.48 million, above its daily average of 16.87 million.

\\n

Coca-Cola is getting close and is now only 23 cents from the resistance line at 53.98, crossing it might suggest further gains are ahead. Although up today, worth noting that at 52.94, Coca-Cola made an initial breakout below the 21 day Simple Moving Average earlier. The upper Bollinger band is at 54.21, indicating a negative correction might be next.

\\n

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

\\n\",\"\\n

Pfizer is trading around 37.68 after losing -0.92% yesterday

\\n

(Last update 4:30pm EST, December 19, 2020)

\\n

\\n

Pfizer yesterday at a glance –

\\n

Pfizer slid down from 38.03 to 37.68, losing 35 cents (-0.92%). Trading volume was 60.26 million, above its daily average of 58.67 million.

\\n

The nearest support level is at 35.42 while the closest resistance is at 39.2. At 37.84, Pfizer made an initial breakout below the 50 day Simple Moving Average. The upper Bollinger band is at 42.95 and the lower is 35.4.

\\n

Overall, looking at the technical analysis landscape, it seems further drawback is next for Pfizer.

\\n\",\"\\n

McDonald's closes at 215.08 after gaining 0.39% during the session

\\n

(Last update 4:25pm EST, December 19, 2020)

\\n

\\n

McDonald's yesterday at a glance –

\\n

McDonald's recovered back all the way to 214.25 after it traded lower at 213.82. Trading volume was 7.00 million, above its daily average of 3.51 million.

\\n

McDonald's is getting closer and is now only 4.63 dollars from the resistance line at 219.71, crossing it might suggest further gains are ahead. At 214.31, McDonald's made an initial breakout above the 3 day Simple Moving Average. The upper Bollinger band is at 221.04 and the lower is 205.75.

\\n

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

\\n\",\"\\n

Bitcoin hits fresh record high at 24,075.23

\\n

(Last update 4:25pm EST, December 19, 2020)

\\n

\\n

After opening at 23816, Bitcoin reached a record high of 24,075.23. Later, it lost 218.31199999999808 points and is now trading at 23,856.918.

\\n

The Relative Strength Index indicates Bitcoin is in overbought condition. The upper Bollinger band is at 22,990.4139, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Bitcoin’s awe-inspiring surge to record highs has investors racing for exposure to the rally — even if it means paying an absurdly high markup https://t.co/LbRaTyTtfh

\\n

— Bloomberg Markets (@markets) December 19, 2020

\\n

\\n

\\n\",\"\\n

Gold nudges to 1,886.8 (down 3.6 dollars) after starting the day at 1,890.4

\\n

(Last update 4:25pm EST, December 19, 2020)

\\n

\\n

Gold yesterday at a glance –

\\n

Gold slid down from 1,890.4 to 1,886.8, taking a 3.6 dollar loss (-0.19%).

\\n

The nearest support level is at 1,775.7 while the closest resistance is at 1,958.4. The upper Bollinger band at 1,903, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems further drawback is next for Gold.

\\n\",\"\\n

Crude rallied beyond 49.28 for the first time in 9 months

\\n

(Last update 4:25pm EST, December 19, 2020)

\\n

\\n

After starting the day at 48.36, Oil rallied to 49.28, hitting its highest point in 9 months, It later lost 20 cents and closed at 49.08

\\n

Oil immediate resistance is around 49.55, nearest support level is at 45.71. The Relative Strength Index indicates crude oil is in overbought condition, keep an eye out for a slowdown of gains. The upper Bollinger band is at 49.04, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Big Oil's vast balance-sheets and project-management skills could dramatically scale up offshore wind and similar businesses. We wrote about the industry's clean energy potential in January https://t.co/qeDIEcZL9C

\\n

— The Economist (@TheEconomist) December 19, 2020

\\n

\\n

\\n\",\"\\n

Euro nudges to 1.225 (down 25 pips) after starting the day at 1.2276

\\n

(Last update 4:25pm EST, December 19, 2020)

\\n

\\n

Euro/Dollar yesterday at a glance –

\\n

EUR/USD remained in the 1.225 range after starting the session at 1.2276 and dropping 25 pips.

\\n

The Euro's nearest support level is at 1.1644. The Relative Strength Index indicates the Euro is in overbought condition, keep an eye out for a slowdown of gains. The upper Bollinger band at 1.2324, indicating a further downward move might be next.

\\n

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

\\n

\\n

\\n

The EU pledged an additional $29 million in aid to deal with the fallout of fighting in Ethiopia’s Tigray region https://t.co/OhTU2z6BWg

\\n

— Bloomberg (@business) December 19, 2020

\\n

\\n

\\n\",\"\\n

Pound rallied beyond 1.36 for the first time in 2 years

\\n

(Last update 5:00pm EST, December 19, 2020)

\\n

\\n

After starting the day at 1.358, GBP/USD rallied to 1.36, hitting its highest point in 2 years, It later lost 69 pips and closed at 1.3531

\\n

The Pound/Dollar is getting closer and is now only 74 pips from the support line at 1.3456. Dipping below it might indicate further losses are ahead. The upper Bollinger band at 1.3572, indicating a further downward move might be next.

\\n

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

\\n\",\"\\n

After starting the day at 103.1, Dollar/Yen drifts to 103.27 (up 16 pips)

\\n

(Last update 5:00pm EST, December 19, 2020)

\\n

\\n

Yen yesterday at a glance –

\\n

After starting yesterday at 103.1 USD/JPY went up to 103.27 only to drop back to the half way point range, closing at 103.27.

\\n

The Dollar/Yen flirting with the 103.32 immediate resistance line. The lower Bollinger band is at 103.18, indicating further gains might be next.

\\n

Overall, looking at the technical analysis landscape, it seems the Dollar/Yen pretty hot and will continue pointing upward in the short term.

\\n\",\"\\n

Trend continues: Swiss franc down 10 pips, closes at 0.8829 adding to its six days of losses

\\n

(Last update 5:00pm EST, December 19, 2020)

\\n

\\n

Swiss francs yesterday at a glance –

\\n

USD/CHF went down to 0.8829 having started the day at 0.8829, overall a -0.11% move or 10 pips yesterday.

\\n

Swiss franc immediate support is around 0.8829, resistance level is at 0.9005. The Relative Strength Index indicates the Dollar/Swiss is in oversold condition, allowing more gains. Although down today, worth noting that at 0.8866, Swiss franc made an initial breakout above the 5 day Simple Moving Average earlier. The lower Bollinger band was at 0.8751, indicating a positive correction might be next.

\\n

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

\\n\",\"\\n

Stable day for Australian dollar, parking at 0.7625

\\n

(Last update 5:00pm EST, December 19, 2020)

\\n

\\n

Australian dollar yesterday at a glance –

\\n

AUD/USD recovered back to 0.7625 after dipping down to 0.7625 in a session that started at 0.7623.

\\n

The Aussie's nearest support level is at 0.7235. The Relative Strength Index indicates the Australian dollar is in overbought condition. The upper Bollinger band is at 0.7661, indicating a downward move might be next.

\\n

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

\\n\\n\"],\"title\":\"Financial Markets Review – 19 December 2020 – 17:00:50\",\"date\":\"2020-12-19T22:00:50\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }