\\n

The Nasdaq Thursday at a glance – NASDAQ recovered back to 12,888.28 after dipping down to 12,821.2 in a session that started at 12870.

\\n

The Nasdaq nearest support level is at 12,582.77. At 12,839, the Nasdaq made an initial breakout below the 5 day Simple Moving Average. The MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. The Relative Strength Index indicates the Nasdaq is in overbought condition. The upper Bollinger band is at 13,041.47, indicating a downward move might be next. Overall, technical indicators suggest Nasdaq has no obvious direction for the immediate future.

\\n

While Nasdaq was pretty flat Thursday, mixed performances were seen elsewhere as The Shanghai Composite Index went up from 3,473 to 3,504.57 (0.91%, 31.5 points). Google gained 0.71% from 1,739.52 to 1,752 (12.36 dollars).

\\n

Data to be released later might clear up some of the fog for the Nasdaq as the United States ISM Manufacturing PMI (Dec) expected to decline to 56.5, while its preceding data was 57.5, data will be available tomorrow at 3:00 PM. The United States Manufacturing PMI is expected today at 2:45 PM. The United States OPEC Meeting is set for today at 10:00 AM.

\\n

The Nasdaq social media highlights:

\\n
\\n

Since #COVID19 began, employers have had to rethink benefits. On-site childcare, free lunches and dry cleaning don’t have the same impact in a work-from-home reality.

\\n

Learn more from @Nasdaq and Susan Caminiti: https://t.co/DZYzPmtCKF pic.twitter.com/H0gE0rJtmL

\\n

— Nasdaq (@Nasdaq) January 3, 2021

\\n

\\n

\\n\",\"\\n

Dow Jones hits new all time high at 30,637.5

\\n

(Last update 11:01pm EST, January 3, 2021)

\\n

\\n

After opening at 30,409.6, Dow Jones gained 196.9 points, hitting a fresh record high of 30,637.5

\\n

The nearest resistance level is at 30,714.47, If the Dow breaks through, the next level is at 30,822.45. Support levels are at 29,950.44, and followed by 29,638.64 further down. At 30,383, Dow Jones made an initial breakout above the 3 day Simple Moving Average. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 30,583.66, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

The Hedonometer, which has been called the "Dow Jones index of happiness", ranks words on a scale from 1 (least happy) to 9 (most happy). English-language Twitter's average score for 2020 was just 5.9 https://t.co/XwpLmhbGvg

\\n

— The Economist (@TheEconomist) January 1, 2021

\\n

\\n

\\n\",\"\\n

S&P hits new all time high at 3,760.2

\\n

(Last update 11:00pm EST, January 3, 2021)

\\n

\\n

After opening at 3,732, S&P 500 gained 24 points, hitting a fresh record high of 3,760.2

\\n

S&P immediate resistance is around 3,768.55, nearest support level is at 3,687.26. At 3,731.48, S&P 500 made an initial breakout above the 3 day Simple Moving Average. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 3,759.28, indicating a negative correction might be next.

\\n

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

\\n\",\"\\n

Trend continues: Apple down 1.03 dollars, closes at 132.69 adding to its four days of losses

\\n

(Last update 11:01pm EST, January 3, 2021)

\\n

\\n

Apple Thursday at a glance –

\\n

Apple slid down from 133.72 to 132.69, losing 1.03 dollars (-0.77%). Trading volume was 96.94 million, below its daily average of 104.49 million.

\\n

The nearest support level is at 120.3 while the closest resistance is at 136.69. At 133.64, Apple made an initial breakout below the 5 day Simple Moving Average. The MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. The upper Bollinger band is at 137.55 and the lower is 118.88.

\\n

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

\\n

\\n

\\n

Apple removes 39,000 game apps from China store to meet deadline https://t.co/kdruvWyvLp pic.twitter.com/GJ0oGB5oIW

\\n

— Reuters (@Reuters) December 31, 2020

\\n

\\n

\\n\",\"\\n

Facebook will open at 273.16 after gaining 0.47% Thursday

\\n

(Last update 11:01pm EST, January 3, 2021)

\\n

\\n

Facebook Thursday at a glance –

\\n

After dipping down to 269.81, Facebook regained earlier losses, closing at 273.16. Trading volume was 12.90 million, below its daily average of 16.34 million.

\\n

The nearest resistance level is at 287.52. At 276.36, Facebook made an initial breakout above the 50 day Simple Moving Average. The lower Bollinger band is at 265.88, indicating further gains might be next.

\\n

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

\\n

\\n

\\n

At its peak, the game had 32 million daily active users and 85 million players over all. It helped transform Facebook from a place you went to check in on updates from friends and relatives into a time-eating destination in itself. https://t.co/j6iabX6iVR

\\n

— NYT Business (@nytimesbusiness) January 3, 2021

\\n

\\n

\\n\",\"\\n

Ahead of today's session Amazon is trading around 3,257 after losing -0.88% Thursday

\\n

(Last update 11:00pm EST, January 3, 2021)

\\n

\\n

Amazon Thursday at a glance –

\\n

Amazon slid down from 3,286 to 3,257, losing 28.92 dollars (-0.88%). Trading volume was 2.96 million, below its daily average of 3.48 million.

\\n

Amazon's nearest support level is at 3,035. At 3,250, Amazon made an initial breakout below the 5 day Simple Moving Average. The upper Bollinger band was at 3,320.21, 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

.@dee_bosa breaks down the response to the streaming-only NFL game between the San Francisco 49ers and the Arizona Cardinals, which only appeared on Amazon platforms. https://t.co/AUQyK208KM pic.twitter.com/hedHmksbxK

\\n

— CNBC (@CNBC) January 3, 2021

\\n

\\n

\\n\",\"\\n

Microsoft will open at 222.42 after gaining 0.33% Thursday

\\n

(Last update 11:06pm EST, January 3, 2021)

\\n

\\n

Microsoft Thursday at a glance –

\\n

After dipping down to 219.68, Microsoft regained earlier losses, closing at 222.42. Trading volume was 19.97 million, below its daily average of 26.85 million.

\\n

Microsoft is getting close and is now only 1.3 dollars from the resistance line at 223.72, crossing it might suggest further gains are ahead. Although up today, worth noting that at 221.84, Microsoft made an initial breakout below the 10 day Simple Moving Average earlier. The MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. The upper Bollinger band is at 227.55, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Microsoft said on Thursday that the far-reaching Russian hack of U.S. government agencies and private corporations had gone further into its network than the company previously understood. https://t.co/GEtslpBbit

\\n

— NYT Business (@nytimesbusiness) January 3, 2021

\\n

\\n

\\n\",\"\\n

Google will open at 1,752 after gaining 0.71% Thursday

\\n

(Last update 11:06pm EST, January 3, 2021)

\\n

\\n

Google Thursday at a glance –

\\n

After starting the session at 1,739.52 Alphabet spiked to 1,759, dropped back to starting point range, and rallied again to 1,752. Trading volume was 1.01 million, below its daily average of 1.42 million.

\\n

The nearest resistance level is at 1,828. Although up today, worth noting that at 1,745, Google made an initial breakout below the 10 day Simple Moving Average earlier. The upper Bollinger band is at 1,823.31 and the lower is 1,705.61.

\\n

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

\\n

\\n

\\n

Alphabet unit Wing blasts new U.S. drone ID rule, citing privacy https://t.co/uZvaFJbuKT pic.twitter.com/AqAh4HhmK5

\\n

— Reuters Business (@ReutersBiz) January 1, 2021

\\n

\\n

\\n\",\"\\n

Tesla hits fresh record high at 718.72

\\n

(Last update 11:05pm EST, January 3, 2021)

\\n

\\n

After opening at 694.78, Tesla reached a record high of 718.72. Later, it lost 13.05 dollars and closed at 705.67.

\\n

Tesla's immediate resistance is around 719.22, nearest support level is at 649.88. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 712.18, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Tesla's Production Road 'Bumpy' But Munster Estimates 40% Higher Deliveries In 2021 $TSLAhttps://t.co/md4rEHy5Nz

\\n

— Benzinga (@Benzinga) January 4, 2021

\\n

\\n

\\n\",\"\\n

Zoom hits 336.1, its lowest rate in 4 months

\\n

(Last update 11:05pm EST, January 3, 2021)

\\n

\\n

After starting Thursday at 353.4, Zoom dropped 16.08 dollars to 336.1, reaching its lowest point in 4 months.

\\n

Zoom immediate support is around 331.67, resistance level is at 376. The Relative Strength Index indicates Zoom is in oversold condition, allowing more gains. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at 336.45, indicating a positive correction might be next.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems it seems further drawbacks may be next for Zoom.

\\n

\\n

\\n

Here are 3 things you’re doing on Zoom that are killing your leadership presence: https://t.co/vgPkjgdjFK pic.twitter.com/rM6e02CcRs

\\n

— Forbes (@Forbes) January 4, 2021

\\n

\\n

\\n\",\"\\n

Netflix will open at 540.73 after gaining 3.08% Thursday

\\n

(Last update 11:05pm EST, January 3, 2021)

\\n

\\n

Netflix Thursday at a glance –

\\n

After starting Thursday at 524.59, Netflix went up to 545.5 only to drop back to the half way point range, closing at 540.73. Trading volume was 5.39 million, above its daily average of 3.45 million.

\\n

Netflix's immediate resistance is around 549.77, nearest support level is at 513.97. At 525.15, Netflix made an initial breakout above the 10 day Simple Moving Average. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 546.38, indicating a negative correction might be next.

\\n

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

\\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/2shsIP2Elj

\\n

— Businessweek (@BW) January 3, 2021

\\n

\\n

\\n\",\"\\n

After three days of going down, Walmart was flat Thursday, closing at 144.15

\\n

(Last update 10:40pm EST, January 3, 2021)

\\n

\\n

Walmart Thursday at a glance –

\\n

Walmart closed at 144.15 after starting the session at 144.18 and dropping early to 142.85, overall Walmart lost three cents of its value. Trading volume was 5.85 million, below its daily average of 7.75 million.

\\n

Walmart's resistance level is at 152.79. At 144.08, Walmart made an initial breakout above the 5 day Simple Moving Average. The lower Bollinger band is at 142.27, 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

\\n

Under pressure from their managers, Walmart pharmacists dispensed umpteen dodgy drug prescriptions, according to a lawsuit filed by the Department of Justice https://t.co/njQGW0uXad

\\n

— The Economist (@TheEconomist) January 3, 2021

\\n

\\n

\\n\",\"\\n

Procter & Gamble will open at 139.14 after gaining 1% Thursday

\\n

(Last update 10:41pm EST, January 3, 2021)

\\n

\\n

Procter & Gamble Thursday at a glance –

\\n

With a daily low of 137.39, Procter & Gamble closed at 139.14 after starting the day at 137.77 and gaining 1.37 dollars (1%). Trading volume was 3.64 million, below its daily average of 6.53 million.

\\n

The nearest resistance level is at 144.28. At 139.22, Procter & Gamble made an initial breakout above the 50 day Simple Moving Average. The upper Bollinger band is at 139.64, indicating a negative correction might be next.

\\n

Overall, technical indicators suggest Procter & Gamble has no obvious direction for the immediate future.

\\n\",\"\\n

Walt Disney hits new all time high at 183.4

\\n

(Last update 10:40pm EST, January 3, 2021)

\\n

\\n

After opening at 181.17, Walt Disney reached a record high of 183.4. Later, it lost 2.22 dollars and closed at 181.18.

\\n

Walt Disney's nearest support level is at 175.72. The Relative Strength Index indicates Walt Disney is in overbought condition. The upper Bollinger band is at 189.22 and the lower is 150.51.

\\n

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

\\n\",\"\\n

Coca-Cola will open at 54.84 after gaining 0.73% Thursday

\\n

(Last update 10:40pm EST, January 3, 2021)

\\n

\\n

Coca-Cola Thursday at a glance –

\\n

Light green, mostly flat: Coca-Cola ranged between 54.93 and 54.27 and it closed at 54.84. Trading volume was 8.06 million, below its daily average of 13.55 million.

\\n

Coca-Cola immediate resistance is around 55.09, nearest support level is at 53.98. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 54.81, indicating a negative correction might be next.

\\n

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

\\n\",\"\\n

Pfizer will open at 36.81 after gaining 0.19% Thursday

\\n

(Last update 10:40pm EST, January 3, 2021)

\\n

\\n

Pfizer Thursday at a glance –

\\n

Pfizer recovered all the way back to 36.74 after dipping down to 36.29. Trading volume was 29.80 million, below its daily average of 51.86 million.

\\n

The nearest resistance level is at 42.56. Although up today, worth noting that at 36.5, Pfizer made an initial breakout below the 200 day Simple Moving Average earlier. The upper Bollinger band is at 42.62 and the lower is 34.72.

\\n

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

\\n

\\n

\\n

Pfizer and BioNTech have offered to supply Africa with 50 million Covid-19 vaccines for heath workers https://t.co/dOIpYro772

\\n

— Bloomberg (@business) January 3, 2021

\\n

\\n

\\n\",\"\\n

McDonald's will open at 214.58 after gaining 1.43% Thursday

\\n

(Last update 10:26pm EST, January 3, 2021)

\\n

\\n

McDonald's Thursday at a glance –

\\n

Hesitant but green: from an early low of 210.78, McDonald's went up to 214.58 and gained 3.02 dollars compared to 211.56 at the start of the day (1.43%). Trading volume was 2.54 million, below its daily average of 3.27 million.

\\n

McDonald's approaches the closest resistance line at 215.08 and is now only 50 cents away, crossing it might suggest further gains are ahead. At 211.72, McDonald's made an initial breakout above the 21 day Simple Moving Average. The upper Bollinger band is at 216.6, indicating a negative correction might be next.

\\n

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

\\n\",\"\\n

Bitcoin hits new all time high at 33,339.973

\\n

(Last update 10:26pm EST, January 3, 2021)

\\n

\\n

After opening at 32,947.355, Bitcoin reached a record high of 33,339.973. Later, it lost 55.55500000000029 points and is now trading at 33,284.418.

\\n

The Relative Strength Index indicates Bitcoin is in strong overbought condition. The upper Bollinger band is at 33,411.0363 and the lower is 19,170.5529.

\\n

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

\\n

\\n

\\n

Ether follows Bitcoin to a record high amid dizzying crypto rally https://t.co/DjP5OlZJMz pic.twitter.com/BZaq1XaL5l

\\n

— Bloomberg (@business) January 4, 2021

\\n

\\n

\\n\",\"\\n

Gold continues a four day positive streak and is up 30.8 dollars to 1,926.

\\n

(Last update 10:26pm EST, January 3, 2021)

\\n

\\n

Start of session at a glance –

\\n

After starting the day at 1,895, gold went up to 1,926.4 only to drop back to half way point range and is now trading at 1,926.

\\n

Gold's nearest support level is at 1,775.7. The CCI indicator is above 100, indicating a possible start of a new uptrend. Gold has just crossed the upper Bollinger band at 1,923.29, indicating further gains might be next.

\\n

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

\\n

\\n

\\n

Gold pushes above $1,900 an ounce to hit the highest level in almost two months https://t.co/aIbK7Qhx53

\\n

— Bloomberg (@business) January 4, 2021

\\n

\\n

\\n\",\"\\n

Crude rallies beyond 49.33 for the first time in 10 months

\\n

(Last update 10:26pm EST, January 3, 2021)

\\n

\\n

After starting the day at 48.52, crude oil rallied to 49.33, hitting its highest point in 10 months, It later lost 18 cents and is now trading at 49.14

\\n

Oil broke through the 49.1 resistance, and climbed above four cents. Although up today, worth noting that at 48.31, Oil made an initial breakout below the 3 day Simple Moving Average earlier. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 49.45, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Oil prices slip after OPEC warns of downside risks to demand in first-half 2021 https://t.co/In5xMvC8hD pic.twitter.com/nfkj3zIfB5

\\n

— Reuters (@Reuters) January 4, 2021

\\n

\\n

\\n\",\"\\n

Euro crawls to 1.2258 up 26 pips

\\n

(Last update 10:26pm EST, January 3, 2021)

\\n

\\n

Hesitant but green: from an earlier low of 1.2231, EUR/USD is up to 1.2258, gaining 26 pips compared to 1.2231 at the start of the day (0.22%).

\\n

The Euro eyes resistance at 1.2308 and is now only 49 pips away. Crossing it might suggest a continuation of a positive trend. At 1.2256, Euro/Dollar made an initial breakout above the 5 day Simple Moving Average. The upper Bollinger band is at 1.232, indicating a negative correction might be next.

\\n

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

\\n\",\"\\n

The Pound rallies beyond 1.3695 for the first time in 2 years

\\n

(Last update 10:20pm EST, January 3, 2021)

\\n

\\n

Starting the session at 1.3665, GBP/USD rallied above 1.3695 for the first time in 2 years, gaining 29 pips, and is now trading at 1.3695.

\\n

The British Pound nearest support level is at 1.3365. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 1.3739, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

'Pivotal moment' as Britain set to roll out AstraZeneca vaccine https://t.co/L7OX00mGoV pic.twitter.com/833VLrVEhp

\\n

— Reuters (@Reuters) January 4, 2021

\\n

\\n

\\n\",\"\\n

Yen down to 102.93, the last time it was this low was 10 months

\\n

(Last update 10:20pm EST, January 3, 2021)

\\n

\\n

After starting the day at 103.19, USD/JPY dropped 20 pips to 102.93, reaching its lowest point in 10 months.

\\n

The Dollar/Yen resistance level is at 104.52. Although down today, worth noting that at 103.29, dollar/yen made an initial breakout above the 5 day Simple Moving Average earlier. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at 102.83, indicating a positive correction might be next.

\\n

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems the dollar/yen might reverse course and start pointing upward in the short term.

\\n

\\n

\\n

JUST IN: Japan's government is set to declare a state of emergency in Tokyo and three surrounding prefectures amid rising coronavirus infections

\\n

— The Spectator Index (@spectatorindex) January 4, 2021

\\n

\\n

\\n\",\"\\n

Swiss franc drifts to 0.8837 after starting the day at 0.8849 (down -0.13%)

\\n

(Last update 10:20pm EST, January 3, 2021)

\\n

\\n

USD/CHF dropped 11 pips early on and is steady at the 0.8837 range.

\\n

The Swiss franc resistance level is at 0.8896. Although down today, worth noting that at 0.8838, Dollar/Swiss made an initial breakout above the 5 day Simple Moving Average earlier. The upper Bollinger band was at 0.8914, indicating a further downward move might be next.

\\n

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

\\n\",\"\\n

Australian dollar hits 0.7725, highest rate in 2 years

\\n

(Last update 10:20pm EST, January 3, 2021)

\\n

\\n

After starting the day at 0.77, AUD/USD rallied to 0.7725, hitting its highest point in 2 years, It later lost eight pips and is now trading at 0.7717

\\n

The Aussie's nearest support level is at 0.7628. The Relative Strength Index indicates the Australian dollar is in overbought condition. Although up today, worth noting that at 0.7695, Aussie/Dollar made an initial breakout below the 3 day Simple Moving Average earlier. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 0.7733, indicating a negative correction might be next.

\\n

Overall, technical indicators suggest the Aussie/Dollar has no obvious direction for the immediate future.

\\n

\\n

\\n

Australia is moving to boost ties with small island nations off its eastern coastline, pushing back against China’s growing influence in the Pacific Ocean as the virus outbreak hinders travel https://t.co/3PFFxuginm

\\n

— Bloomberg (@business) January 4, 2021

\\n

\\n

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