\\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.
\\nThis 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.
\\nThe 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.
\\nWhile 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.
\\nThe Nasdaq social media highlights:
\\n\\n\\n\\n\\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.
\\nWe 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
(Last update 4:40pm EST, December 19, 2020)
\\n\\nAfter 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.
\\nThe 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.
\\nOverall, looking at the technical analysis landscape, it seems the Dow is likely to continue pointing down in the short term.
\\n\",\"\\n(Last update 4:40pm EST, December 19, 2020)
\\n\\nAfter 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.
\\nThe 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.
\\nOverall, looking at the technical analysis landscape, it seems S&P is likely to continue pointing down in the short term.
\\n\",\"\\n(Last update 4:40pm EST, December 19, 2020)
\\n\\nApple yesterday at a glance –
\\nApple 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.
\\nApple'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.
\\nOverall, looking at the technical analysis landscape, it seems further drawbacks are next for Apple.
\\n\\n
\\n\\n\\n\\n\",\"\\nApple 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
(Last update 4:40pm EST, December 19, 2020)
\\n\\nFacebook yesterday at a glance –
\\nFacebook 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.
\\nThe 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.
\\nOverall, looking at the technical analysis landscape, it seems Facebook is pretty hot and will continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe 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
(Last update 4:40pm EST, December 19, 2020)
\\n\\nAmazon yesterday at a glance –
\\nAmazon 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.
\\nThe 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.
\\nOverall, looking at the technical analysis landscape, it seems Amazon is likely to continue pointing down in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe 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
(Last update 4:45pm EST, December 19, 2020)
\\n\\nMicrosoft yesterday at a glance –
\\nMicrosoft 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.
\\nMicrosoft'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.
\\nOverall, looking at the technical analysis landscape, it seems Microsoft is likely to continue pointing down in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nWriting 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
(Last update 4:45pm EST, December 19, 2020)
\\n\\nGoogle yesterday at a glance –
\\nAlphabet 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.
\\nThe 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.
\\nOverall, looking at the technical analysis landscape, it seems Google might reverse course and start pointing upward in the short term.
\\n\",\"\\n(Last update 4:45pm EST, December 19, 2020)
\\n\\nTesla yesterday at a glance –
\\nAfter 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.
\\nTesla'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.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Tesla.
\\n\\n
\\n\\n\\n\\n\",\"\\nBattling 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
(Last update 4:45pm EST, December 19, 2020)
\\n\\nZoom yesterday at a glance –
\\nLight 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.
\\nThe 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.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Zoom.
\\n\\n
\\n\\n\\n\\n\",\"\\nFederal prosecutors in Brooklyn are going after a Zoom executive based in China. https://t.co/h3xsupKtdd
\\n— NYT Business (@nytimesbusiness) December 19, 2020
(Last update 4:45pm EST, December 19, 2020)
\\n\\nNetflix yesterday at a glance –
\\nNetflix 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.
\\nNetflix 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.
\\nOverall, the technical analysis suggests Netflix is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nBy 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
(Last update 4:30pm EST, December 19, 2020)
\\n\\nWalmart yesterday at a glance –
\\nWalmart 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.
\\nWalmart'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.
\\nOverall, looking at the technical analysis landscape, it seems Walmart is pretty hot and will start pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon, 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
(Last update 4:30pm EST, December 19, 2020)
\\n\\nProcter & Gamble yesterday at a glance –
\\nProcter & 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.
\\nThe 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.
\\nOverall, 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(Last update 4:30pm EST, December 19, 2020)
\\n\\nWalt Disney yesterday at a glance –
\\nLight 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.
\\nWalt 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.
\\nOverall, the technical analysis suggests Walt Disney is neutral for the immediate future, with no clear-cut direction.
\\n\",\"\\n(Last update 4:30pm EST, December 19, 2020)
\\n\\nCoca-Cola yesterday at a glance –
\\nCoca-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.
\\nCoca-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.
\\nOverall, 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(Last update 4:30pm EST, December 19, 2020)
\\n\\nPfizer yesterday at a glance –
\\nPfizer 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.
\\nThe 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.
\\nOverall, looking at the technical analysis landscape, it seems further drawback is next for Pfizer.
\\n\",\"\\n(Last update 4:25pm EST, December 19, 2020)
\\n\\nMcDonald's yesterday at a glance –
\\nMcDonald'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.
\\nMcDonald'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.
\\nOverall, the technical analysis suggests McDonald's is neutral for the immediate future, with no clear-cut direction.
\\n\",\"\\n(Last update 4:25pm EST, December 19, 2020)
\\n\\nAfter 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.
\\nThe 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.
\\nOverall, the technical analysis suggests Bitcoin is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nBitcoin’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
(Last update 4:25pm EST, December 19, 2020)
\\n\\nGold yesterday at a glance –
\\nGold slid down from 1,890.4 to 1,886.8, taking a 3.6 dollar loss (-0.19%).
\\nThe 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.
\\nOverall, looking at the technical analysis landscape, it seems further drawback is next for Gold.
\\n\",\"\\n(Last update 4:25pm EST, December 19, 2020)
\\n\\nAfter 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
\\nOil 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.
\\nOverall, the technical analysis suggests crude is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nBig 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
(Last update 4:25pm EST, December 19, 2020)
\\n\\nEuro/Dollar yesterday at a glance –
\\nEUR/USD remained in the 1.225 range after starting the session at 1.2276 and dropping 25 pips.
\\nThe 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.
\\nOverall, the technical analysis suggests the Euro/Dollar is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe 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
(Last update 5:00pm EST, December 19, 2020)
\\n\\nAfter 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
\\nThe 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.
\\nOverall, the technical analysis suggests the pound is neutral for the immediate future, with no clear-cut direction.
\\n\",\"\\n(Last update 5:00pm EST, December 19, 2020)
\\n\\nYen yesterday at a glance –
\\nAfter 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.
\\nThe Dollar/Yen flirting with the 103.32 immediate resistance line. The lower Bollinger band is at 103.18, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Dollar/Yen pretty hot and will continue pointing upward in the short term.
\\n\",\"\\n(Last update 5:00pm EST, December 19, 2020)
\\n\\nSwiss francs yesterday at a glance –
\\nUSD/CHF went down to 0.8829 having started the day at 0.8829, overall a -0.11% move or 10 pips yesterday.
\\nSwiss 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.
\\nOverall, 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(Last update 5:00pm EST, December 19, 2020)
\\n\\nAustralian dollar yesterday at a glance –
\\nAUD/USD recovered back to 0.7625 after dipping down to 0.7625 in a session that started at 0.7623.
\\nThe 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.
\\nOverall, 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); }