$C, $ELAN, $NEM, $NWSA, $TME, $VFC, $GWW Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of The Street’s Key analysts outlook for Key issues for Wednesday as follows: Elanco Animal Health Inc. (NYSE:ELAN) was started […]
NASDAQ Composite (.IXIC) still remains in a bear market The Nasdaq Composite Index COMP, +1.71% on Tuesday closed sharply higher, putting the technology and internet-related gauge to a finish above its short-term average for the first time since early October. The Nasdaq booked a 1.7% gain to end at 7,023.83. That places the index above its 50-day moving […]
Tesla, Inc. (NASDAQ:TSLA) likely to continue to be one of the most talked-about stocks in 2019 One thing best describes Tesla (NASDAQ:TSLA) stock’s daily moves in the markets: roller coaster. Tesla stock is soaring one day and falling off the cliff the next. Its 52-week price range has been $244.59 (April 2, 2018) – $ […]
Alibaba Group Holding Limited (NYSE:BABA) isn’t selling cloud infrastructure, but unique AI services built on open source Alibaba Group Holding (NYSE:BABA) has never been Amazon.Com (NASDAQ:AMZN). It wasn’t founded to sell consumer goods. Its cloud isn’t challenging Amazon in infrastructure. And in the past six months, BABA stock has suffered a drop about two times that seen by […]
Alphabet Inc. (NASDAQ:GOOG) Japan failed to report ¥3.5 billion in income Tokyo tax authorities have found that Google Japan failed to declare about ¥3.5 billion in income for 2015, a source close to the matter said Tuesday. The authorities are believed to have determined that the Japan unit of the American tech giant reduced its […]
Bitcoin: USD/BTC (BTC=X) bullish beginning to the year appears to have bottomed-out Bitcoin’s bullish beginning to the year appears to have bottomed-out, with early gains starting to slump. So how realistic are reports the volatile cryptocurrency could commence a new bull cycle? Bitcoin’s (BTC) fortunes fluctuated during the last 12 months, with its value dropping from […]
Dow Jones Industrial Average (.DJI) digested a weaker-than-expected fourth-quarter earnings report from JPMorgan Chase & Co. Stocks traded higher on Tuesday, Jan. 15, as Wall Street digested a weaker-than-expected fourth-quarter earnings report from JPMorgan Chase & Co. The Dow rose 156 points, or 0.65%, to 24,066, the S&P 500 gained 1.07%, and the Nasdaq rose 1.7% as […]
United States Oil (USO) U.S. will make major strides towards energy independence The U.S. will make major strides towards energy independence in the next two years as oil production and exports hit new highs, according to the Department of Energy. U.S. oil production, already at an all-time high this year, will increase by another 2 […]
Twitter, Inc. (NYSE:TWTR) vulnerable to a correction towards 31.83 Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 31.83. The projected upper bound is: 36.39. The projected lower bound is: 29.58. The projected closing price is: 32.99. Candlesticks A white body occurred (because prices closed higher than […]
Japanese Yen: USD/JPY (JPY=X) stuck in tight range USD/JPY has moved sideways over the past few days, from around ¥108 to ¥109. A break of this range is needed to provide definitive direction, but with the price having rallied overnight from the lows around ¥108, a possible short trade within the current range emerges. Alternatively, with […]
Euro: USD/EUR (EUR=X) back on a downward path Having rallied to $1.155, the price of EUR/USD has weakened again, and so far this morning further downward pressure is developing. The previous two sessions saw the pair find support around $1.145, but if this is lost then the lows from a week ago at $1.143 come into play. […]
Australian Dollar: USD/AUD (AUD=X) stalls ahead of resistance below 0.73 The Australian Dollar mounted a spirited recovery after briefly spiking to a ten-year low against its US counterpart. The advance has paused to consolidate below minor resistance at 0.7247. A daily close above this barrier opens the door for a test of the December swing […]
British Pound: USD/GBP (GBP=X) faces high volatility British Parliament has rejected Prime Minister Theresa May’s Brexit deal with a majority of 230, 202 vs 432. With the initial market reaction, the GBP/USD pair slumped to a low of 1.2667 and was last seen trading around 1.2710, down 1.15% on a daily basis. GBP/USD has pushed steadily higher over the […]
$AA, $NKY, $COG, $CMC, $IIPR, $NOC, $SHW Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of The Street’s Key analysts outlook for Key issues for Tuesday as follows: Alcoa Corp. (NYSE:AA) was raised to Buy […]
Apple Inc. (NASDAQ:AAPL) need for aggressive iPhone price cuts Shares of Apple Inc. AAPL, -1.50% dropped 1.9% in morning trade Monday, enough to pace the Dow Jones Industrial Average’s DJIA, -0.36% decliners. Wedbush Morgan analyst Dan Ives reiterated his outperform rating and $200 stock price target, which is about 34% above current levels, but said Apple has to “aggressively” cut prices […]
Bitcoin: USD/BTC (BTC=X) Sees New 2019 Lows Bitcoin (BTC) has hit a new 2019 low, trading at $3,552 around press time as other major cryptocurrencies are facing moderate losses. Bitcoin has lost another 2 percent in 24 hours, with its price barely reaching $3,600. Although some reports predicted major market movements due to the recent activation of long-dormant Bitcoin wallets, […]
Tesla, Inc. (NASDAQ:TSLA) at a cost advantage over traditional automakers Tesla won’t have a presence at this year’s Detroit Auto Show but the electric-car maker is miles ahead of the competition in three key categories, ARK Invest founder and CEO Catherine Wood told CNBC on Monday. Traditional automakers have been making sizable investments into electrifying […]
Dow Jones Industrial Average (.DJI) President Trump Predicts New Trade Deal with China U.S. stocks pared losses Monday morning after President Donald Trump predicted the United States would soon reach a comprehensive trade deal with China. The Dow Jones Industrial Average fell by as much as 230 points Monday morning, an extension of a volatile […]
Facebook, Inc. (NASDAQ:FB) still shows plenty of strength Facebook (NASDAQ:FB) and its founder and CEO, Mark Zuckerburg, are posterchildren for the hero-to-zero persona. For years, Zuckerburg was viewed as the man who connected the world through social media. And he created trillions of dollars in value for companies related to the social media space. But today […]
Twitter, Inc. (NYSE:TWTR) solid history of beating earnings estimates Overall, the bias in prices is: Upwards. The projected upper bound is: 35.76. The projected lower bound is: 28.92. The projected closing price is: 32.34. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 8 […]
Alphabet Inc. (NASDAQ:GOOG) Heffx Trading Outlook Overall, the bias in prices is: Downwards. The projected upper bound is: 1,112.81. The projected lower bound is: 976.91. The projected closing price is: 1,044.86. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 4 white candles and […]
United States Oil (USO) darkening economic outlook capped gains Oil prices rose 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook capped gains. International Brent crude oil futures were at $59.64 per barrel at 0257 GMT, up 65 cents, or 1.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures […]
NASDAQ Composite (.IXIC) Global Economic Slowdown While markets ended Friday’s session slightly down, the overall week finished in positive territory despite a Government shutdown that enters day 24. The Dow Jones Industrial Average closed down about 6 points lower, or less than 0.1%, at 23,995, the S&P 500 index SPX edged less than a point […]
Alibaba Group Holding Limited (NYSE:BABA) concerns about an economic slowdown in China Shares of Alibaba dipped just before market close Monday following a Wall Street Journal report citing President Michael Evans’ concerns about an economic slowdown in China. The stock closed 1.35 percent down after trading up for most of the day. “China has slowed down,” Evans said during […]
Shanghai: SSE Composite Index (.SSEC) among the “most investible” assets globally in 2019 After holding the title as the world’s worst performing market for two straight years, China’s A shares would be among the “most investible” assets globally in 2019, according to Invesco Great Wall. The benchmark Shanghai Composite Index lost 24 per cent last […]
Canadian Dollar: USD/CAD (CAD=X) rebound could point to bullish reversal USD/CAD managed to break out of its recent downtrend, with the price breaking through the crucial swing high of $1.326. That points towards a possible bullish reversal from here, with the next sell-off providing a higher low. With trendline support currently in play, a break below […]
British Pound: USD/GBP (GBP=X) turning lower after recent rally GBP/USD rallied sharply at the end of the week, coming off the back of a stronger than expected UK gross domestic product (GDP) reading for November. That has taken us through the $1.2812 resistance level, pointing towards a potential period of upside from here. However, with the […]
Euro: USD/EUR (EUR=X) consolidating at Fibonacci support EUR/USD pulled back into the 76.4% retracement last week, with the price continuing to consolidate around that key support level. The ability to remain above that level is going to be crucial in determining where we go from here, for if we break below this $1.1456 support, it would […]
Japanese Yen: USD/JPY (JPY=X) determined by investor appetite for risk The Dollar/Yen is being pressured on Monday from lower demand for risky assets. U.S. stock market weakness is driving some investors into the safe-haven Japanese Yen. The catalysts behind the weakness are weaker-than-expected trade data from China and concerns over the U.S. government shutdown. Investors […]
Australian Dollar: USD/AUD (AUD=X) fresh concerns about the global economy The Australian dollar eased on Monday as fresh concerns about the global economy resurfaced. The main theme of the session was a weak Chinese trade report for December with imports and exports suffering the largest year-ended decline since the second half of 2016, raising renewed concern about […]
$ATVI, $CHK, $DCP, $DRI, $EA, $GLUU, $NFLX, Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of The Street’s Key analysts outlook for Key issues for Monday as follows: Activision Blizzard Inc. (NASDAQ:ATVI) was started with […]
Alphabet Inc. (NASDAQ:GOOG) pressure is mounting to change the company’s culture The board of directors at the helm of Alphabet (the listed tech company that owns Google and its subsidiaries) is being sued for allegedly protecting executives from sexual misconduct accusations. At the heart of the allegations is a New York Times report that claims Google asked for […]
Dow Jones Industrial Average (.DJI) caution ahead of major bank earnings U.S. stock-index futures dropped on caution ahead of major bank earnings and no signs the longest partial government shutdown in modern history is ending. Futures contracts on the S&P 500 Index fell as much as 0.8 percent as of 10:16 a.m. in Singapore after […]
NASDAQ Composite (.IXIC) traders cashing in on gains from the five-day winning streak The lead from Wall Street is slightly soft as stocks opened lower on Friday, staged a recovery in the afternoon but still finished barely in the red. The Dow shed 5.97 points or 0.02 percent to 23,995.95, while the NASDAQ lost 14.59 […]
Alibaba Group Holding Limited (NYSE:BABA) massive tax cut by the government presents a buying opportunity On the first trading day of the year, Apple (AAPL) announced a significant downward revision to its guidance. The reasons were slowing emerging market growth — China — and the trade war. There is another behemoth in China that may feel […]
Bitcoin: USD/BTC (BTC=X) short term breakout pattern forming with resistance near $3,650 This past week, bitcoin price started a major downward move from the $4,037 swing high against the US Dollar. The BTC/USD pair declined heavily and broke the $4,000, $3,800, $3,725 and $3,650 support levels. The decline was nasty as there was a close below the […]
Tesla, Inc. (NASDAQ:TSLA) Target $420 then $150 Overall, the bias in prices is: Upwards. The projected upper bound is: 380.19. The projected lower bound is: 314.83. The projected closing price is: 347.51. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 7 white candles […]
Twitter, Inc. (NYSE:TWTR) monthly user growth declined Overall, the bias in prices is: Upwards. The projected upper bound is: 36.35. The projected lower bound is: 29.41. The projected closing price is: 32.88. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 8 white candles […]
United States Oil (USO) production growth to slow in 2019 versus 2018 Except for an OPEC-induced dip in production in 2016, U.S. oil production has risen like a rocket since 2011. None of those years was bigger than 2018, when domestic oil production rose by 1.5 million barrels per day (BPD). In the six of […]
Facebook, Inc. (NASDAQ:FB) Heffx Technical Outlook Overall, the bias in prices is: Downwards. The projected upper bound is: 154.95. The projected lower bound is: 132.71. The projected closing price is: 143.83. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 7 white candles and […]
Japanese Yen: USD/JPY (JPY=X) moving in a fairly narrow side corridor After the “New Year storm,” caused by the lack of liquidity, the Japanese currency is complete calm, moving in a fairly narrow side corridor within 107.75-109.10. The pair met the end of the week in the same place where it started , near the […]
Euro: USD/EUR (EUR=X) busy week ahead For the Dollar, it’s a busy week ahead, with key stats including wholesale inflation and NY State PMI numbers on Tuesday, December retail sales figures on Wednesday and the Philly FED Manufacturing PMI and housing sector figures on Thursday. Following a choppy few weeks in the markets and with […]
British Pound: USD/GBP (GBP=X) all eyes will be on the Parliament Brexit Vote Parliament Brexit Vote: Tuesday, Tentative. All eyes will be on this crucial vote. UK PM has secured an reached an agreement on the withdrawal of the country from the EU, but Parliament is expected to vote against the deal. That would mean […]
Shanghai: SSE Composite Index (.SSEC) vulnerable to a correction towards 2,609 Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 2,609.35. The projected upper bound is: 2,635.91. The projected lower bound is: 2,469.80. The projected closing price is: 2,552.85. Candlesticks A white body occurred (because prices closed […]
Australian Dollar: USD/AUD (AUD=X) main trend is down The main trend is down according to the daily swing chart. However, momentum is trending higher. The main trend will change to up on a trade through .7247. The minor trend is up. This move triggered the shift in momentum to up. The main range is .7394 […]
Twitter, Inc. (NYSE:TWTR) shares rose Thursday after Bank of America Merrill Lynch upgraded the stock Twitter shares rose Thursday after Bank of America Merrill Lynch upgraded the stock, citing increased usage by younger people and more engagement by its current users. Bank of America raised the stock to buy from neutral and took the firm’s […]
Facebook, Inc. (NASDAQ:FB) stock is poised to jump tremendously in 2019 Social media giant Facebook (NASDAQ:FB) had a rough 2018, as it was hit by data-privacy scandals, regulation crackdowns, slowing revenue growth, compressing margins, plenty of bad press, and a falling stock. But FB still owns the four most-widely-used-internet properties in the world. Each of them has over […]
Bitcoin: USD/BTC (BTC=X) Sentiment Turns Negative Bitcoin lost more than 10% today, following many digital currencies lower after market research showed a decline in investor sentiment. The price of bitcoin had fallen to as little as $3,570.29 at the time of report, down roughly 10.6% in the last 24 hours and 11.2% from the start of the day, […]
United States Oil (USO) Government data shows vast stockpiles of gasoline and other fuel in the United States Oil prices ticked higher on Thursday, extending a winning streak into a ninth session, with gains capped by the lack of any clear resolution to U.S.-China trade talks and weak Chinese economic data. U.S. West Texas Intermediate (WTI) […]
$BA, $CTWS, $STXZ, $DELL, $DG, $DLTR, $DHI, $EMV, $LMT Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of The Street’s Key analysts outlook for Key issues for Friday as follows: Boeing Co. (NYSE:BA) was started […]
Dow Jones Industrial Average (.DJI) exit correction territory as stocks extend winning streak The Dow Jones Industrial Average and the S&P 500 exited correction territory Thursday, with the stock market rising for a fifth session in a row as Federal Reserve Chairman Jerome Powell reiterated the central bank’s commitment to proceeding with caution on the […]
Alibaba Group Holding Limited (NYSE:BABA) came under pressure in 2018, partly due to concerns about the trade war Alibaba (NYSE:BABA), like many Chinese and technology stocks, came under pressure in 2018, partly due to concerns about the trade war. And in the past few weeks, the strengthening U.S. dollar and reports of a potential cooling of […]
NASDAQ Composite (.IXIC) Heffx Trading Review Overall, the bias in prices is: Downwards. The projected upper bound is: 7,381.27. The projected lower bound is: 6,583.62. The projected closing price is: 6,982.44. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 7 white candles and […]
Alphabet Inc. (NASDAQ:GOOG) shareholder are suing the board of directors for allegedly covering up sexual misconduct claims against top executives Attorneys in San Francisco representing an Alphabet shareholder are suing the board of directors for allegedly covering up sexual misconduct claims against top executives. The suit comes months after an explosive New York Times report […]
Apple Inc. (NASDAQ:AAPL) wearable devices can give consumers “a bigger role” in their health and preventative care Apple CEO Tim Cook’s vision for health-care services has gotten a stamp of approval from a past chief of the tech giant. John Sculley, who helmed the company from 1983 to 1993, told CNBC on Thursday that Cook […]
Tesla, Inc. (NASDAQ:TSLA) Breaks Ground for Gigafactory in China A number of auto companies reported sales figures for 2018 in the past week. Favorable economic conditions, along with growing consumers’ appetite for spacious vehicles, aided the industry to record annual new-vehicle sales of 17.27 million in 2018, marking a yearly increase of 0.3%. Buyers continued […]
Euro: USD/EUR (EUR=X) steady after sharp bounce The sharp rally yesterday has seen the EUR/USD pair move solidly above $1.15. Further gains target the 200-day simple moving average (SMA) at $1.1639, just above the mid-October peak at $1.162. If this current move higher marks the end of the $1.13-$1.15 trading range, then we look to the $1.1852 […]
British Pound: USD/GBP (GBP=X) staled at $1.28 The GBP/USD pair continues to edge above the 50-day SMA ($1.2774). However, gains above $1.28 have proven too much to sustain, raising the risk of a pullback. A close above $1.28 opens the way to $1.284 and $1.2934, with the 100-day SMA at $1.2896 also a possible area of resistance. […]
Japanese Yen: USD/JPY (JPY=X) turning bearish after decline USD/JPY has rolled over and eaten into the gains made earlier in the week. Having faltered at ¥109.00, we now need to watch to see if the current move higher off the ¥107.80 level fails to recover ¥109.00. If it does bounce and then turn lower, we have […]
Australian Dollar: USD/AUD (AUD=X) advances on rivals after China notes trade war “progress” The Australian Dollar was rose broadly Thursday in response to claims the U.S. and China are moving close toward a deal that will end the “trade war” between the two, which came ahead of retail sales figures for November. Chinese officials said […]
Shanghai: SSE Composite Index (.SSEC) lower-than-expected Chinese inflation data Asia markets mostly slipped on Thursday following lower-than-expected Chinese inflation data while investors digested the conclusion of a three-day trade negotiation between the Beijing and Washington. Mainland Chinese markets, watched by investors in relation to the ongoing trade war, experienced a turbulent trading day that saw […]
Alibaba Group Holding Limited (NYSE:BABA) Trending Higher Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 148.23. The projected upper bound is: 164.27. The projected lower bound is: 139.86. The projected closing price is: 152.07. Candlesticks A white body occurred (because prices closed higher than they opened). […]
Dow Jones Industrial Average (.DJI) appear in position to exit correction territory A new year, a new market. The Dow Jones Industrial Average and the S&P 500 appear in position to exit correction territory if a multiday rally on risk assets continues apace. The Dow DJIA, +0.39% and the S&P 500 SPX, +0.41% marked a fourth straight gain, at least partly […]
United States Oil (USO) U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market The U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market this year, according to Suhail Al Mazrouei, the Energy Minister of the United Arab Emirates (UAE), […]
NASDAQ Composite (.IXIC) optimism over signs of progress in U.S.-China trade talks U.S. stocks rose for a fourth straight day on Wednesday, as gains in energy and technology stocks added to optimism over signs of progress in U.S.-China trade talks. The S&P technology index rose 1.07 percent, boosted by Microsoft Corp, Apple Inc and chipmakers. […]
Twitter, Inc. (NYSE:TWTR) Heffx Technical Outlook Overall, the bias in prices is: Upwards. The projected upper bound is: 35.72. The projected lower bound is: 28.80. The projected closing price is: 32.26. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 8 white candles and […]
Tesla, Inc. (NASDAQ:TSLA) will stop selling the lowest-priced versions of its Model S sedans and Model X SUVs Tesla will stop selling the lowest-priced versions of its Model S sedans and Model X SUVs from Monday, the automaker’s CEO Elon Musk wrote in a tweet late on Wednesday. The Model S and X are Tesla’s […]
Alphabet Inc. (NASDAQ:GOOG) Heffx Trading Outlook Overall, the bias in prices is: Downwards. The projected upper bound is: 1,146.21. The projected lower bound is: 1,002.27. The projected closing price is: 1,074.24. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 5 white candles and […]
Bitcoin: USD/BTC (BTC=X) $4,000 acts as its new cushion The cryptocurrency market’s roller-coaster ride in 2019 has been ongoing with several coins seeing ups and down on the price charts. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and XRP witnessed stagnated price holds in a scenario where Ethereum overtook XRP to become the second-largest cryptocurrency. […]
Facebook, Inc. (NASDAQ:FB) Target $150 A look at the 30-month weekly chart shows how quickly Facebook stock price has retreated. Shares sank from almost $220 at its highs in July to sub-$125 last month. From peak to trough, we’re talking about a roughly 45% decline. That’s a big-time beating for what was one of the […]
Shanghai: SSE Composite Index (.SSEC) optimism around the United States and China moving closer to a trade deal China stocks closed higher on Wednesday on optimism around the United States and China moving closer to a trade deal, and Beijing encouraging consumer spending amid economic slowdown. The blue-chip CSI300 index ended up 1.0 percent at […]
UK FTSE 100 (.FTSE) optimism around the continuing trade talks between China and the U.S. helped London markets were up on Wednesday, as optimism around the continuing trade talks between China and the U.S. helped lift stocks. The FTSE 100 has gained 2.6% so far this year, easing investor worries that the falls seen in […]
PSEi INDEX (PSEI.PS) 2019 Overall, the bias in prices is: Upwards. The projected upper bound is: 8,765.03. The projected lower bound is: 7,099.32. The projected closing price is: 7,932.18. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 4 white candles and 6 black […]
Canadian Dollar: USD/CAD (CAD=X) continues to lose ground USD/CAD has continued its downtrend, with the breakdown through trendline support providing a remarkably consistent period of downside for the pair. Much of this is associated with the recovery in oil prices, and thus it makes sense to watch crude as a key gauge of where USD/CAD goes. […]
British Pound: USD/GBP (GBP=X) heading upwards towards crucial resistance level GBP/USD is rising once again this morning, with the pair heading towards the key $1.2812 level. Should we see that level broken, it would provide a more bullish view for the pair. Whether or not we see that level broken will be key to how we […]
Australian Dollar: USD/AUD (AUD=X) rises broadly even after disappointing November trade data The Australian Dollar advanced against most rivals Tuesday even after official data revealed a steep fall in the nation’s trade surplus for November, and is likely to remain on its front foot over the coming weeks according to Westpac. Australia’s goods trade surplus fell from […]
Japanese Yen: USD/JPY (JPY=X) seems likely that the overall market focus will remain to the downside USD/JPY has still failed to recapture the levels seen before it occurred. Unless and until Dollar bulls can make good at least that loss, then it seems likely that the overall market focus will remain to the downside. Last […]
Euro: USD/EUR (EUR=X) rising towards resistance zone EUR/USD is pushing upwards once more, as the pair seeks to continue creating higher highs. The wider picture for the pair looks like a gradual bottoming out process, with lower highs in October to December reversing to post higher highs since. This points towards a potential bullish breakout for […]
Bitcoin: USD/BTC (BTC=X) Increasingly Bullish Sentiment Although many investors and analysts alike were disappointed that Bitcoin and the overall cryptocurrency markets did not end 2018 on a high note, the markets may be seeing increasingly bullish sentiment from traders and investors alike, according to new data. If Bitcoin’s price does begin climbing as this data […]
Twitter, Inc. (NYSE:TWTR) Buy on Dips Overall, the bias in prices is: Sideways. The projected upper bound is: 35.77. The projected lower bound is: 28.00. The projected closing price is: 31.89. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 7 white candles and […]
Alphabet Inc. (NASDAQ:GOOG) Seeing Huge Gains in January After a Rough December The stock market shook off a late morning malaise to post another strong gain today. The Dow and Nasdaq Composite indexes were both up more than one percent and the S&P 500 index gained 0.97 percent, marking the first three-day win streak for […]
Dow Jones Industrial Average (.DJI) investors remained cautiously optimistic Washington and Beijing could move forward on a trade deal Stocks rose on Tuesday as large tech companies like Apple and Amazon outperformed while investors remained cautiously optimistic Washington and Beijing could move forward on a trade deal. The Dow Jones Industrial Average gained 256.10 points to close […]
Apple Inc. (NASDAQ:AAPL) China sales are dragging on revenue due to the trade war For the first time in 16 years, Apple (AAPL) pre-released guidance on earnings – and it’s not good. In a letter to shareholders, CEO Tim Cook issued lower earnings guidance for the quarter. Revenue was anticipated to be ~$92 billion for the […]
United States Oil (USO) hopes that Washington and Beijing can resolve a trade dispute Oil prices rose on Wednesday, extending gains from the previous session on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown. U.S. West Texas Intermediate (WTI) crude oil futures were at $50.29 per barrel as […]
NASDAQ Composite (.IXIC) vulnerable to a correction towards 7,092.69 Tuesday’s session closes with the NASDAQ Composite Index at 6,897. The total shares traded for the NASDAQ was over 2.3 billion. Advancers stocks led declining by 2.15 to 1 ratio. There were 2134 advancers and 993 decliners for the day. On the NASDAQ Stock Exchange 21 […]
Facebook, Inc. (NASDAQ:FB) gains after JPMorgan predicts strong turnaround Facebook (FB) got a new lease of life this week after JPMorgn came up with an exceptionally bullish outlook on the company. Defying the negative sentiment on its prospects this year, with several experts predicting a further deterioration, the brokerage firm Tuesday said Facebook’s stock is […]
Alibaba Group Holding Limited (NYSE:BABA) E-Commerce Business Should Boost BABA Stock BABA’s e-commerce platforms continue to grow at a solid pace. In the third quarter, the segment’s revenues jumped 56% year-over-year to $10.5 billion. The number of consumers who used the platform during the previous year jumped 25 million versus Q2 to a total of […]
Tesla, Inc. (NASDAQ:TSLA) Model 3 was the best-selling luxury car of 2018 Tesla navigated a bumpy road in 2018 — a year that saw CEO Elon Musk step down as chairman as part of an SEC settlement over fraud charges, while the electric automaker also faced criticism over working conditions and production delays. But, the past year also had good […]
Shanghai: SSE Composite Index (.SSEC) Investors Cautious China stocks were lower after the close on Tuesday, as losses in the Life Insurance, Media and Software & Computer Services sectors led shares lower. At the close in Shanghai, the Shanghai Composite declined 0.26%, while the SZSE Component index fell 0.12%. The best performers of the session […]
British Pound: USD/GBP (GBP=X) back to $1.28 While GBP/USD has rallied hard from the low of last week, the bounce has run into selling around the $1.28 level, as it did at the end of December. If this holds once again then we can expect the $1.2635 and $1.259 zones to be challenged. A close above $1.281 […]
Japanese Yen: USD/JPY (JPY=X) edges higher after recent slump After last week’s sudden drop, USD/JPY has been pushing slowly higher. Trendline support from the lows of 3 January has underpinned this move. A reversal back below ¥108.00 would mark a resumption of the downward move. On the upside, the next target is ¥109.60, then ¥109.85 and ¥110.00. […]
DAX PERFORMANCE-INDEX (.GDAXI) heading higher once again The DAX drifted lower yesterday, following gains throughout the first trading days of 2019. However, with the price having already broken through the 76.4% retracement, it looks increasingly likely that we will push through the key 10,987 mark. Should that occur, it would be the first higher high in eight […]
Australian Dollar: USD/AUD (AUD=X) records lower than expected November trade surplus of $1.9 billion The Australian Bureau of Statistics figures reveal Australia’s November trade surplus of $1.9 billion was lower than expected.Australia exported $1.9 billion more than last month, down from a $2 billion surplus in October. According to ABS figures, in trend terms, the […]
Alphabet Inc. (NASDAQ:GOOG) prepares to dominate CES once again Alphabet Inc.’s Google, already the king of advertising, is ramping up its efforts to be the king of your home as well. The company announced Monday that it expects its Google Assistant to be built in to a billion devices by the end of January, including […]
Facebook, Inc. (NASDAQ:FB) at risk for a 20% slide according to well known analyst Share prices did recover well into July – only to plummet yet again after an awful earnings release, this time by over 20 percent, good for a loss of $120 billion in market capitalization. That earnings statement, second quarter of 2018, […]
Euro: USD/EUR (EUR=X) returns to top end of range Yesterday’s rally saw EUR/USD head towards the $1.15 level once again, but this is still providing resistance, as it has since early November. A close above $1.15 would spark significant upside, targeting $1.1554 and then $1.1623. If the current range holds then the first target is the $1.13 […]
NASDAQ Composite (.IXIC) Trade Talks Begin The market rang in solid gains last week to begin the New Year. Friday saw all the major indexes close up over 3.25% with the Nasdaq being the outlier closing up 4.26%. For the week, the Dow closed up +1.61%, the S&P 500 up +1.86%, the Nasdaq Composite up […]
United States Oil (USO) OPEC-led supply cuts tightened markets Oil prices rose on Tuesday on hopes that U.S.-Chinese talks in Beijing would bring a halt to trade disputes between the world’s biggest economies, while OPEC-led supply cuts tightened markets. International Brent crude futures LCOc1 were at $57.77 per barrel at 0113 GMT, up 44 cents, […]
Dow Jones Industrial Average (.DJI) investors watched for further signs of a thaw in the protracted trade dispute between the U.S. and China U.S. stocks on Monday closed higher, building on Friday’s powerful rally, as investors watched for further signs of a thaw in the protracted trade dispute between the U.S. and China — a […]
Apple Inc. (NASDAQ:AAPL) analysts are throwing in the towel Apple has become more unloved by Wall Street analysts than at any time in the past 14 years. Wall Street analysts have the lowest percentage of buy ratings on Apple stock since 2005 — at 49 percent, according to FactSet. Another 51 percent are holds. As Apple […]