\\n

NASDAQ drops 59.1 points early on and steadies at 12,696.54 range.

\\n

At 12,544, the Nasdaq made an initial breakout below the 10 day Simple Moving Average. The Relative Strength Index has fallen below 70 – exiting overbought conditions and indicating possible moderate gains or a downward correction is a head. The Nasdaq nearest support level is at 10,911.59.

\\n

Positive performance can be seen looking at other symbols, as The Shanghai Composite Index is trading at 3,420.57 after gaining 0.76%.

\\n

At the same time, Microsoft broke through the 223.72 resistance.

\\n

The market will keep its eye on the following upcoming macroeconomics indicators: United States GDP is projected to outperform the last figure at 33.1 while it previously stood at -31.4, data will be released tomorrow at 1:30 PM. Tomorrow at 3:00 PM, data for United States Existing Home Sales will be released, with an expected decline to 6.7 from the preceding figure of 6.85. The United States GDP Price Index (QoQ) (Q3) is projected to rise to 3.7, beating the previous -2.1 figure. Official data is expected tomorrow at 1:30 PM.

\\n

The Nasdaq social media highlights:

\\n
\\n

In 2020, @Nasdaq extended its leadership to 28 consecutive quarters with an 83% win rate for operating companies, and leading U.S. exchanges by number of IPOs and proceeds raised.

\\n

Learn more: https://t.co/Btj9wDW1Ba pic.twitter.com/GIEnILCtMD

\\n

— Nasdaq (@Nasdaq) December 21, 2020

\\n

\\n

\\n\",\"\\n

The Dow steady at 30,205, no significant movement

\\n

(Last update 3:20pm EST, December 21, 2020)

\\n

\\n

The Dow Jones recovered back to 30,205 after dipping down to 29,755.53 in a session that started at 30,179.

\\n

The Dow Jones' nearest support level is at 26,501.6. At 29,940.82, Dow Jones made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band is at 30,386.47, indicating a downward move might be next.

\\n

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

\\n

\\n

\\n

S&P/Nasdaq continue rebound. Dow higher on the day https://t.co/hovp7SQAQc

\\n

— ForexLive (@ForexLive) December 21, 2020

\\n

\\n

\\n\",\"\\n

S&P edges to 3,691.29 as session draws to a close

\\n

(Last update 3:20pm EST, December 21, 2020)

\\n

\\n

The S&P 500 drops 18.1 points early on and steadies at the 3,691.29 range.

\\n

The S&P 500's nearest support level is at 3,270. At 3,657.77, S&P made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band was at 3,737.48, indicating a further downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems the S&P 500 is likely to continue pointing down in the short term.

\\n\",\"\\n

Apple holds at 126.44

\\n

(Last update 3:20pm EST, December 21, 2020)

\\n

\\n

Apple recovered back to 126.44 after dipping down to 123.45 in a session that started at 126.66.

\\n

Apple is climbing away and is now 6.13 dollars from the 120.3 support line. At 124.84, Apple made an initial breakout below the 10 day Simple Moving Average. The upper Bollinger band is at 130.72 and the lower is 113.93.

\\n

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

\\n\",\"\\n

Facebook slides down to 272 as session draws to a close

\\n

(Last update 3:20pm EST, December 21, 2020)

\\n

\\n

Facebook remains in the 272 range after starting the session at 276.4 and dropping 4.41 dollars.

\\n

Although Facebook is down today and was as low as 267.79, it seems to be recovering slightly and climbing away from the 261.36 support line and is now 10.63 dollars above it. At 276, Facebook made an initial breakout below the 50 day Simple Moving Average. The lower Bollinger band was at 268.22, indicating a positive correction might be next.

\\n

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

\\n\",\"\\n

Amazon steady at 3,204, no significant movement

\\n

(Last update 3:20pm EST, December 21, 2020)

\\n

\\n

Although starting the trading session strong, rising from 3,201.65 to 3,227, Amazon dropped back and is now priced at 3,204.

\\n

Amazon's nearest support level is at 3,035. At 3,186.18, Amazon made an initial breakout below the 50 day Simple Moving Average. The upper Bollinger band is at 3,255.47, indicating a downward move might be next.

\\n

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

\\n

\\n

\\n

Amazon has temporarily closed a New Jersey warehouse after a spike there in asymptomatic Covid-19 cases https://t.co/YcgnL4QJBX

\\n

— Bloomberg Economics (@economics) December 21, 2020

\\n

\\n

\\n\",\"\\n

Microsoft closes at 222.59 after gaining 1.83% during the session

\\n

(Last update 4:01pm EST, December 21, 2020)

\\n

\\n

Microsoft Friday at a glance –

\\n

Microsoft recovered back all the way to 222.59 after it traded lower at 217.28. Trading volume was 33.46 million, above its daily average of 28.81 million.

\\n

Microsoft is getting close and is now only 1.13 dollars from the resistance line at 223.72, crossing it might suggest further gains are ahead. Although up today, worth noting that at 217.5, Microsoft made an initial breakout below the 3 day Simple Moving Average earlier. Microsoft has just crossed the upper Bollinger band at 220.98, indicating further gains 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 Microsoft.

\\n\",\"\\n

After three days of going down, Google up 8.36 dollars Friday

\\n

(Last update 4:01pm EST, December 21, 2020)

\\n

\\n

Google Friday at a glance –

\\n

Small gains for Alphabet at 1,739.37 after ranging between 1699 and 1,741. Trading volume was 1.24 million, below its daily average of 1.59 million.

\\n

The nearest resistance level is at 1,828. The lower Bollinger band is at 1,718.43, indicating further gains might be next.

\\n

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

\\n

\\n

\\n

Aramco to bring Google Cloud services to Saudi Arabia https://t.co/jXj0LJz2EB pic.twitter.com/SyHAe2rToF

\\n

— Reuters (@Reuters) December 21, 2020

\\n

\\n

\\n\",\"\\n

Tesla is trading around 649.86 after losing -6.49% Friday

\\n

(Last update 4:01pm EST, December 21, 2020)

\\n

\\n

Tesla Friday at a glance –

\\n

Tesla dropped 45.14 dollars early on and stayed at 649.86 range. Trading volume was 55.96 million, below its daily average of 58.50 million.

\\n

Tesla is flirting with the 649.88 immediate support line. The Relative Strength Index has fallen below 70 – exiting overbought conditions and indicating possible moderate gains or a downward correction is a head. At 637.31, Tesla made an initial breakout below the 3 day Simple Moving Average. The upper Bollinger band is at 689.74 and the lower is 528.3.

\\n

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

\\n

\\n

\\n

TheStreet's #️⃣1️⃣ Stock of the Year:

\\n

🎉 Tesla ( $TSLA ) 🎉

\\n

The red-hot electric carmaker has become one of the world's ten most valuable companies and was added to the S&P 500 today.https://t.co/Ec5fQ1Xd1U

\\n

— TheStreet (@TheStreet) December 21, 2020

\\n

\\n

\\n\",\"\\n

Zoom will open at 408.97 after gaining 0.73% Friday

\\n

(Last update 4:01pm EST, December 21, 2020)

\\n

\\n

Zoom Friday at a glance –

\\n

Light green but with no clear-cut direction, Zoom closed at 408.97 after it ranged between 427.76 and 404.75. Trading volume was 8.42 million, above its daily average of 7.84 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 462.66 and the lower is 368.38.

\\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

TheStreet's #️⃣2️⃣ Stock of the Year:

\\n

📹 Zoom Video ( $ZM ) 📹

\\n

Zoom’s business success predates COVID-19, and it is likely to continue after the pandemic is just a bad memory.https://t.co/3zkBqJKDMv

\\n

— TheStreet (@TheStreet) December 21, 2020

\\n

\\n

\\n\",\"\\n

After three days of going up, Netflix down 5.54 dollars Friday

\\n

(Last update 4:01pm EST, December 21, 2020)

\\n

\\n

Netflix Friday at a glance –

\\n

Netflix slid down from 534.45 to 528.91, losing 5.54 dollars (-1.04%). Trading volume was 3.48 million, below its daily average of 3.78 million.

\\n

Netflix is getting close and is now only 14.18 dollars from the support line at 514.73. Dipping below it might indicate further losses are ahead. The upper Bollinger band at 539.54, indicating a further 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

America's military software is brittle, and the Pentagon should learn from Netflix and Amazon, says a new report. https://t.co/kZum0kV5XW

\\n

— Businessweek (@BW) December 21, 2020

\\n

\\n

\\n\",\"\\n

Stable day for Walmart, trading around 146.09

\\n

(Last update 3:11pm EST, December 21, 2020)

\\n

\\n

After starting the day at 145.95, Walmart went up to 146.67 only to drop back to the starting point range and is now trading at 146.09.

\\n

Walmart's resistance level is at 152.79. At 146.42, Walmart made an initial breakout above the 50 day Simple Moving Average. The lower Bollinger band is at 143.75, indicating a positive move might be next.

\\n

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

\\n\",\"\\n

Is it the end of Procter & Gamble rally? after four days of gains, it is down 1.66 dollars today

\\n

(Last update 3:11pm EST, December 21, 2020)

\\n

\\n

Procter & Gamble remains in the 137.38 range after starting the session at 139.04 and dropping 1.66 dollars.

\\n

Procter & Gamble broke through the 137.1 support line and dropped 27 cents below it. At 137.9, Procter & Gamble made an initial breakout below the 21 day Simple Moving Average. The lower Bollinger band was at 135.58, indicating a positive correction might be next.

\\n

Overall, looking at the technical analysis landscape, it seems further drawbacks may be next for Procter & Gamble

\\n\",\"\\n

Walt Disney goes down to 171.14 as session draws to a close

\\n

(Last update 3:11pm EST, December 21, 2020)

\\n

\\n

Walt Disney recovered back almost all the way to 172.89 after dipping down to 168.2.

\\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. At 172.56, Walt Disney made an initial breakout below the 5 day Simple Moving Average. The upper Bollinger band is at 180 and the lower is 137.85.

\\n

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

\\n\",\"\\n

Coca-Cola draws back to 52.81 as session draws to a close

\\n

(Last update 3:11pm EST, December 21, 2020)

\\n

\\n

Coca-Cola dropped 93 cents early on and is steady at the 52.81 range.

\\n

Although Coca-Cola is down today and was as low as 51.98, it seems to be recovering slightly and climbing away from the 51.6 support line and is now 1.21 dollars above it. At 53, Coca-Cola made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band is at 54.12 and the lower is 51.86.

\\n

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

\\n\",\"\\n

Pfizer goes down to 37.24 as session draws to a close

\\n

(Last update 3:11pm EST, December 21, 2020)

\\n

\\n

Pfizer drops 43 cents early on and steadies at the 37.24 range.

\\n

The nearest support level is at 35.42 while the closest resistance is at 39.2. The upper Bollinger band is at 42.96 and the lower is 35.34.

\\n

\\n

\\n

Pfizer and BioNTech’s Covid-19 vaccine won the backing of a key European review panel https://t.co/6mUBC6usWF

\\n

— Bloomberg (@business) December 21, 2020

\\n

\\n

\\n\",\"\\n

McDonald's retreats to 211.55 after starting the day at 215.08 (down -1.64%)

\\n

(Last update 12:25pm EST, December 21, 2020)

\\n

\\n

McDonald's remains in the 211.55 range after starting the session at 215.08 and dropping 3.53 dollars.

\\n

McDonald's is getting closer and is now only 3.79 dollars from the support line at 207.76. Dipping below it might indicate further losses are ahead. At 213.43, McDonald's made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band is at 220.86 and the lower is 205.57.

\\n

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

\\n\",\"\\n

Bitcoin is down 625.7649999999994 points (-2.65%), trading around 22,964.18

\\n

(Last update 12:25pm EST, December 21, 2020)

\\n

\\n

Currently light red but with no clear-cut direction, Bitcoin is trading at 22,964.18 after ranging today between 24,053.256 and 22,181.72.

\\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 23,972.62 and the lower is 16,268.4767.

\\n

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

\\n

\\n

\\n

Bitcoin slumps 6% as new COVID-19 strain upsets wider markets https://t.co/wxeh8adfuO pic.twitter.com/oBGXHQq7VN

\\n

— Reuters (@Reuters) December 21, 2020

\\n

\\n

\\n\",\"\\n

Gold goes back up to Nov 9 levels, reaching 1912

\\n

(Last update 12:25pm EST, December 21, 2020)

\\n

\\n

After opening at 1,889, Gold reached 1912, breaking a 6 week record. Later, it lost 24.1 dollars and is now trading at 1,888.

\\n

Gold's nearest support level is at 1,775.7. At 1,879, Gold made an initial breakout below the 5 day Simple Moving Average. The upper Bollinger band is at 1,909.71, indicating a downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Gold is likely to start pointing downward in the short term.

\\n

\\n

\\n

Gold pacing higher https://t.co/nR7SbatIvr

\\n

— ForexLive (@ForexLive) December 21, 2020

\\n

\\n

\\n\",\"\\n

Crude made its largest single-day drop (2.19 dollars) since Sep 8

\\n

(Last update 12:25pm EST, December 21, 2020)

\\n

\\n

After starting at 49.1, Oil made its largest single-day drop (2.19 dollars) seen recently, trading now at 46.91

\\n

Although crude is down today and was as low as 46.18, it seems to be recovering slightly and climbing away from the 44.55 support line and is now 2.36 dollars above it. At 46.36, Crude made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band is at 48.77 and the lower is 44.15.

\\n

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

\\n

\\n

\\n

Shell writes down up to $4.5 billion in oil and gas assets https://t.co/QZJJGfONPw pic.twitter.com/OUatOt72Gc

\\n

— Reuters Business (@ReutersBiz) December 21, 2020

\\n

\\n

\\n\",\"\\n

Euro/Dollar is down 13 pips (-0.11%), trading around 1.2237

\\n

(Last update 12:25pm EST, December 21, 2020)

\\n

\\n

EUR/USD recovered back almost all the way to 1.225 after dipping down to 1.2134.

\\n

The Euro's nearest support level is at 1.1783, followed by 1.1644 at the next level. The Relative Strength Index indicates the Euro/Dollar is in overbought condition, keep an eye out for a slowdown of gains. At 1.2162, Euro/Dollar made an initial breakout below the 10 day Simple Moving Average. The upper Bollinger band at 1.2322, 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 Euro.

\\n

\\n

\\n

WATCH: Fiat Chrysler and French rival PSA gained EU antitrust approval for a $38 billion merger pic.twitter.com/1WPzLxeoWv

\\n

— Reuters Business (@ReutersBiz) December 21, 2020

\\n

\\n

\\n\",\"\\n

British Pound drops sharply, losing 258 pips. This is the largest single day drop seen recently

\\n

(Last update 7:00am EST, December 21, 2020)

\\n

\\n

After starting at 1.3531 GBP/USD made its largest single-day drop (258 pips) seen recently, trading now at 1.3272

\\n

Although the pound is down today and was as low as 1.3192, it seems to be recovering slightly and climbing away from the 1.3121 support line and is now 151 pips above it. At 1.3203, pound/dollar made an initial breakout below the 50 day Simple Moving Average. The lower Bollinger band at 1.3214, indicating a positive correction might be next.

\\n

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

\\n

\\n

\\n

Sterling has sustained its biggest drop since March as fears over a new Covid strain in the UK added to Brexit angst https://t.co/fKw0ZvVETW pic.twitter.com/XV5gEbUgTc

\\n

— Financial Times (@FinancialTimes) December 21, 2020

\\n

\\n

\\n\",\"\\n

Yen up 42 pips, trading around 103.7

\\n

(Last update 7:01am EST, December 21, 2020)

\\n

\\n

With a daily low of 103.22, USD/JPY holds at 103.7 after starting the day at 103.27 and gaining 42 pips (0.42%).

\\n

The nearest resistance level is at 105.43. At 103.82, Yen made an initial breakout above the 10 day Simple Moving Average. The lower Bollinger band is at 103.26, indicating further gains might be next.

\\n

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

\\n

\\n

\\n

Japan’s cabinet approved a ninth consecutive rise in military spending, funding the development of an advanced stealth fighter and longer-range anti-ship missile to counter China's growing military power https://t.co/17yIWNx3b1 pic.twitter.com/9b0bZyvvQM

\\n

— Reuters (@Reuters) December 21, 2020

\\n

\\n

\\n\",\"\\n

At 0.88 Swiss franc down to its lowest value in 5 years

\\n

(Last update 7:00am EST, December 21, 2020)

\\n

\\n

After starting the day at 0.8829 USD/CHF dropped to 0.88, hitting its lowest point in 5 years, it later recovered 87 pips and is now trading at 0.8886

\\n

Although the Dollar/Swiss is green today and was as high as 0.8919, it seems to be slowing down slightly and moving away from the 0.9005 resistance line, and is now 119 pips below it. The Relative Strength Index has gone up above 30 – exiting oversold conditions and indicating a slowdown of gains. At 0.887, Dollar/Swiss made an initial breakout above the 10 day Simple Moving Average. The upper Bollinger band is at 0.9116 and the lower is 0.8758.

\\n

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

\\n\",\"\\n

Aussie made its largest single-day drop (113 pips) since Jun 11

\\n

(Last update 7:01am EST, December 21, 2020)

\\n

\\n

AUD/USD made its largest single-day drop (113, pips) since Jun 11

\\n

The Aussie/Dollar nearest support level is at 0.7235, followed by 0.7029 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. At 0.7528, Aussie/Dollar made an initial breakout below the 10 day Simple Moving Average. The upper Bollinger band is at 0.7643 and the lower is 0.7286.

\\n

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

\\n

\\n

\\n

Australia's most populous state reports its lowest one-day rise in new COVID-19 cases in three days https://t.co/1yPTUdoyFh pic.twitter.com/fO3ZpUdYQv

\\n

— Reuters (@Reuters) December 21, 2020

\\n

\\n

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