\\n

Starting at 12,888.3, NASDAQ closed at 12,698.45 after making its biggest single-day drop (189.9 points) since December 2020

\\n

Meanwhile, released yesterday at 2:45 PM, United States's Manufacturing PMI showed an uptick, coming in at 57.1, up from the previous number of 56.5.

\\n

Although the Nasdaq is down today and was as low as 12,543.24, it seems to be recovering slightly and climbing away from the 12,339 support line and is now 359.5 points above it. At 12,631.62, Nasdaq made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band is at 13,019 and the lower is 12,328. Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems the Nasdaq might reverse course and start pointing upward in the short term.

\\n

Also yesterday , Facebook broke through the 268.43 support line, and dropped 2.14 dollars below it. Google broke through the 1,723.5 support line, and dropped 11.45 dollars below it. Apple made its largest single-day drop (4.55 dollars) since October 2020. Microsoft is climbing away and is now 7.58 dollars from the 210.11 support line.

\\n

The market will keep its eye on the following upcoming macroeconomics indicators: United States Crude Oil Inventories are projected to outperform last figure at -1.5 while it previously stood at -6.065, data will be released tomorrow at 3:30 PM. The United States's new ADP Nonfarm Employment Change (Dec) data will be available tomorrow at 1:15 PM. Data is expected to decline to 88 from its previous value of 307. The United States ISM Manufacturing PMI (Dec) is expected to come out at 56.6 when it's released today at 3:00 PM, This is a decline from the preceding data which was 57.5. United States FOMC Meeting Minutes are scheduled for tomorrow at 7:00 PM.

\\n

The Nasdaq social media highlights:

\\n
\\n

Dow briefly falls almost 600 points; S&P 500 and Nasdaq tumble more than 1.2% https://t.co/qSDn7sjdxo pic.twitter.com/pYsJbCjKrb

\\n

— CNBC Now (@CNBCnow) January 4, 2021

\\n

\\n

\\n\",\"\\n

Dow Jones hits fresh record high at 30,674.28

\\n

(Last update 11:00pm EST, January 4, 2021)

\\n

\\n

After opening at 30,606.48, Dow Jones reached a record high of 30,674.28. Later, it lost 450.4 points and closed at 30,224.

\\n

Although the Dow is down today and was as low as 29,881.82, it seems to be recovering slightly and climbing away from the 29,638.64 support line and is now 585.2 points above it. At 30,164, the Dow made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band at 30,518, indicating a further downward move 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 Dow Jones

\\n

\\n

\\n

Wharton's Jeremy Siegel: ‘Dow could easily tack on another 10% to 15%,’ but warns of a near-term setback https://t.co/7jtJHOsNWH (via @StephLandsman)

\\n

— Trading Nation (@TradingNation) January 4, 2021

\\n

\\n

\\n\",\"\\n

S&P 500 hits fresh record high at 3,770

\\n

(Last update 11:00pm EST, January 4, 2021)

\\n

\\n

After opening at 3,756, S&P 500 reached a record high of 3,770. Later, it lost 69.3 points and closed at 3,700.65.

\\n

Although the S&P is down today and was as low as 3,662.71, it seems to be recovering slightly and climbing away from the 3,627 support line and is now 73.7 points above it. At 3,697, S&P made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band at 3,751, indicating a further downward move 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 the S&P 500

\\n\",\"\\n

Apple closes at 129.41, up 3.28 dollars, adding one more to its five straight days of losses

\\n

(Last update 11:00pm EST, January 4, 2021)

\\n

\\n

Apple yesterday at a glance –

\\n

Apple dropped 3.28 dollars early on and stayed at the 129.41 range. Trading volume was 136.31 million, above its daily average of 106.75 million.

\\n

Apple's nearest support level is at 120.3, followed by 113.85 at the next level. At 131.64, Apple made an initial breakout below the 10 day Simple Moving Average. Medium-term trend indication has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line crosses below the MACD signal line. The MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. The upper Bollinger band is at 137.16 and the lower is 119.67.

\\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 Supplier Foxconn Confirms It Will Make Electric Vehicles With Chinese Startup Byton $AAPL $HNHPF $TSLAhttps://t.co/tVo2E0fBrr

\\n

— Benzinga (@Benzinga) January 5, 2021

\\n

\\n

\\n\",\"\\n

Facebook is trading around 268.94 after losing -1.54% yesterday

\\n

(Last update 11:01pm EST, January 4, 2021)

\\n

\\n

Facebook yesterday at a glance –

\\n

Facebook recovered back almost all the way to 273.16 after dipping down to 265.2. Trading volume was 15.11 million, below its daily average of 16.17 million.

\\n

Facebook broke through the 268.43 support line and dropped 51 cents below it. At 272.51, Facebook made an initial breakout below the 10 day Simple Moving Average. The lower Bollinger band was at 264.73, 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 Facebook.

\\n\",\"\\n

Amazon closes at 3,186.63, up 70.3 dollars, adding one more to its four straight days of losses

\\n

(Last update 11:01pm EST, January 4, 2021)

\\n

\\n

Amazon yesterday at a glance –

\\n

Amazon remained in the 3,186.63 range after starting the session at 3,257 and dropping 70.3 dollars. Trading volume was 4.41 million, above its daily average of 3.53 million.

\\n

The nearest support level is at 3,035. At 3,173, Amazon made an initial breakout below the 50 day Simple Moving Average. Medium-term trend indication has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line crosses below the MACD signal line. The upper Bollinger band is at 3,314.18 and the lower is 3,081.

\\n

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

\\n

\\n

\\n

Amazon, Berkshire, JPMorgan healthcare joint venture to shut business next month https://t.co/tJgB8oj5fZ pic.twitter.com/XPepHowMLl

\\n

— Reuters (@Reuters) January 4, 2021

\\n

\\n

\\n\",\"\\n

Microsoft made its largest single-day drop (4.73 dollars) since November 2020

\\n

(Last update 11:51pm EST, January 4, 2021)

\\n

\\n

Microsoft closed at 217.69 after making its largest single-day drop (4.73 dollars) since November 2020.

\\n

Although Microsoft is down today and was as low as 214.81, it seems to be recovering slightly and climbing away from the 210.11 support line and is now 7.58 dollars above it. At 215.14, Microsoft made an initial breakout below the 50 day Simple Moving Average. The MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. The upper Bollinger band is at 227.12 and the lower is 209.92.

\\n

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

\\n

\\n

\\n

Microsoft knows there's an Xbox shortage. It's asking AMD for help. https://t.co/H3h0vIysiv

\\n

— CNN Business (@CNNBusiness) January 4, 2021

\\n

\\n

\\n\",\"\\n

Google is trading around 1,728.24 after losing -1.35% yesterday

\\n

(Last update 11:50pm EST, January 4, 2021)

\\n

\\n

Google yesterday at a glance –

\\n

Alphabet remained in the 1,728.24 range after starting the session at 1,752 and dropping 23.64 dollars. Trading volume was 1.90 million, above its daily average of 1.43 million.

\\n

Google is flirting with the 1,723.5 immediate support line. At 1,734, Google made an initial breakout below the 50 day Simple Moving Average. The lower Bollinger band was at 1,703.54, 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 Google.

\\n

\\n

\\n

Google workers form small union, eyeing more protests over working conditions https://t.co/yaiyTjfQ63 pic.twitter.com/oLQNdPQcxP

\\n

— Reuters (@Reuters) January 5, 2021

\\n

\\n

\\n\",\"\\n

Tesla closes at 729.77, up 24.1 dollars, adding one more to its eight straight days of gains

\\n

(Last update 11:50pm EST, January 4, 2021)

\\n

\\n

Tesla yesterday at a glance –

\\n

Hesitant but green: from an early low of 717.19, Tesla went up to 729.77 and gained 24.1 dollars compared to 705.67 at the start of the day (3.42%). Trading volume was 48.64 million, below its daily average of 55.02 million.

\\n

Tesla's immediate resistance is around 743.78, nearest support level is at 695. The Relative Strength Index indicates Tesla is in overbought condition, keep an eye out for a slowdown in gains. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 728.48, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Tesla shares are in the fast lane! The stock sped to an all-time high as the EV company delivered a record number of vehicles in Q4. But should investors ride this run? pic.twitter.com/IjNixGvNvz

\\n

— CNBC's Fast Money (@CNBCFastMoney) January 4, 2021

\\n

\\n

\\n\",\"\\n

Zoom will open at 360 after gaining 6.72% yesterday

\\n

(Last update 11:51pm EST, January 4, 2021)

\\n

\\n

Zoom yesterday at a glance –

\\n

Hesitant but green: from an early low of 339.22, Zoom went up to 360 and gained 22.66 dollars compared to 337.32 at the start of the day (6.72%). Trading volume was 8.60 million, above its daily average of 6.04 million.

\\n

Zoom approaches the closest resistance line at 376 and is now only 16.03 dollars away, crossing it might suggest further gains are ahead. At 354.21, Zoom made an initial breakout above the 5 day Simple Moving Average. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band is at 338.42, indicating further gains might be next.

\\n

Overall, technical indicators suggest Zoom has no obvious direction for the immediate future.

\\n\",\"\\n

Netflix is trading around 522.86 after losing -3.3% yesterday

\\n

(Last update 11:51pm EST, January 4, 2021)

\\n

\\n

Netflix yesterday at a glance –

\\n

Netflix remained in the 522.86 range after starting the session at 540.73 and dropping 17.87 dollars. Trading volume was 4.44 million, above its daily average of 3.51 million.

\\n

Netflix broke through the 515.78 support line and dropped 7.08 dollars below it. At 517.14, Netflix made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band at 543.11, indicating a further downward move might be next.

\\n

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

\\n

\\n

\\n

“Bridgerton,” a period drama from producer Shonda Rhimes, is on pace to be one of the biggest hits in Netflix history https://t.co/hSGmGIXUbY

\\n

— Businessweek (@BW) January 5, 2021

\\n

\\n

\\n\",\"\\n

Walmart closes at 146.53 after gaining 1.65% during the session

\\n

(Last update 11:40pm EST, January 4, 2021)

\\n

\\n

Walmart yesterday at a glance –

\\n

Hesitant but green: from an early low of 144.28, Walmart went up to 146.53 and gained 2.38 dollars compared to 144.15 at the start of the day (1.65%). Trading volume was 9.32 million, above its daily average of 7.78 million.

\\n

The nearest resistance level is at 152.79. At 146.44, Walmart made an initial breakout above the 50 day Simple Moving Average. Medium-term trend indication has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line crosses above the MACD signal line. The upper Bollinger band is at 149.03, indicating a negative correction might be next.

\\n

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

\\n\",\"\\n

Procter & Gamble is trading at 137.82, down by -0.95% as session closes

\\n

(Last update 11:40pm EST, January 4, 2021)

\\n

\\n

Procter & Gamble yesterday at a glance –

\\n

Procter & Gamble dropped 1.32 dollars early on and stayed at the 137.82 range. Trading volume was 7.44 million, above its daily average of 6.55 million.

\\n

Procter & Gamble immediate support is around 136.16, resistance level is at 144.28. Although down today, worth noting that at 139.16, Procter & Gamble made an initial breakout above the 50 day Simple Moving Average earlier. The upper Bollinger band was at 139.47, indicating a further downward move might be next.

\\n

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

\\n\",\"\\n

Walt Disney is trading around 177.68 after losing -1.93% yesterday

\\n

(Last update 11:40pm EST, January 4, 2021)

\\n

\\n

Walt Disney yesterday at a glance –

\\n

Walt Disney remained in the 177.68 range after starting the session at 181.18 and dropping 3.5 dollars. Trading volume was 12.25 million, below its daily average of 14.74 million.

\\n

Walt Disney is flirting with the 175.72 immediate support line. At 175.34, Walt Disney made an initial breakout below the 10 day Simple Moving Average. The upper Bollinger band is at 188.75 and the lower is 153.

\\n

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

\\n\",\"\\n

Coca-Cola is trading around 52.76 after losing -3.79% yesterday

\\n

(Last update 11:41pm EST, January 4, 2021)

\\n

\\n

Coca-Cola yesterday at a glance –

\\n

Coca-Cola remained in the 52.76 range after starting the session at 54.84 and dropping 2.08 dollars. Trading volume was 24.66 million, above its daily average of 13.88 million.

\\n

Although Coca-Cola is down today and was as low as 52.03, it seems to be recovering slightly and climbing away from the 51.6 support line and is now 1.16 dollars above it. At 52.2, Coca-Cola made an initial breakout below the 50 day Simple Moving Average. The lower Bollinger band at 52.25, 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 Coca-Cola might reverse course and start pointing upward in the short term.

\\n

\\n

\\n

Coca-Cola ( $KO ) and PepsiCo ( $PEP ) were both downgraded by an RBC analyst.https://t.co/TJBxVzMxiN

\\n

— TheStreet (@TheStreet) January 4, 2021

\\n

\\n

\\n\",\"\\n

Stable day for Pfizer, parking at 36.81

\\n

(Last update 11:41pm EST, January 4, 2021)

\\n

\\n

Pfizer yesterday at a glance –

\\n

Pfizer recovered back to 36.81 after dipping down to 36.27 in a session that started at 36.81. Trading volume was 31.23 million, below its daily average of 49.33 million.

\\n

The Pfizer's resistance level is at 42.56. At 36.52, Pfizer made an initial breakout below the 200 day Simple Moving Average. The upper Bollinger band is at 42.44 and the lower is 34.54.

\\n

Overall, looking at all the technical indicators, it seems Pfizer might be pointing down in the short term.

\\n

\\n

\\n

Dr. David Tom Cooke's sense of duty and experience as a Black man led him to participate in a clinical trial of Pfizer's coronavirus vaccine and make it his mission to allay concerns about its safety among Black friends, family and community members. https://t.co/CvJvV8UMMP

\\n

— The Associated Press (@AP) January 4, 2021

\\n

\\n

\\n\",\"\\n

McDonald's is trading around 210.22 after losing -2.03% yesterday

\\n

(Last update 12:05am EST, January 5, 2021)

\\n

\\n

McDonald's yesterday at a glance –

\\n

McDonald's remained in the 210.22 range after starting the session at 214.58 and dropping 4.36 dollars. Trading volume was 3.74 million, above its daily average of 3.15 million.

\\n

McDonald's is getting closer and is now only 2.46 dollars from the support line at 207.76. Dipping below it might indicate further losses are ahead. At 211.65, McDonald's made an initial breakout below the 21 day Simple Moving Average. The lower Bollinger band was at 206.94, 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 McDonald's might reverse course and start pointing upward in the short term.

\\n\",\"\\n

After eight days of going up, Bitcoin down 1267.203999999998 points today

\\n

(Last update 12:05am EST, January 5, 2021)

\\n

\\n

Currently light red but with no clear-cut direction, Bitcoin is trading at 31,059.72 after ranging today between 32,817.86 and 30,974.748.

\\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 33,682.5181 and the lower is 19,821.9228.

\\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

As recently as October, bitcoin was worth just $10,600. On January 3rd, it ascended to a high of $34,000 https://t.co/GX3rfgIaTi

\\n

— The Economist (@TheEconomist) January 5, 2021

\\n

\\n

\\n\",\"\\n

Is it the end of Gold rally? After five days of gains, it's down -0.17% today

\\n

(Last update 12:05am EST, January 5, 2021)

\\n

\\n

Gold weakened earlier in the trading session before moving off the 1,938.4 low and recovering almost back to 1,946.6.

\\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. The upper Bollinger band was at 1,943.36, indicating a further downward move might be next.

\\n

Overall, technical indicators suggest Gold has no obvious direction for the immediate future.

\\n

\\n

\\n

Gold traded near an eight-week high as a surge in global coronavirus cases and curbs stoked demand for the haven https://t.co/TlfmXtqjwu

\\n

— Bloomberg (@business) January 5, 2021

\\n

\\n

\\n\",\"\\n

Crude holds at 47.58

\\n

(Last update 12:05am EST, January 5, 2021)

\\n

\\n

Although starting the trading session strong, rising from 47.62 to 47.82, oil dropped back and is now priced at 47.58.

\\n

Oil is climbing away and is now 1.87 dollars from the 45.71 support line. At 47.57, Oil made an initial breakout above the 21 day Simple Moving Average. The upper Bollinger band is at 49.16, indicating a downward move might be next.

\\n

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

\\n

\\n

\\n

Oil extends losses after OPEC+ talks were unexpectedly suspended in the middle of a disagreement over whether to raise output in February https://t.co/W3Om5Qg2ma

\\n

— Bloomberg (@business) January 5, 2021

\\n

\\n

\\n\",\"\\n

Euro up 0.2%, trading around 1.2277

\\n

(Last update 12:06am EST, January 5, 2021)

\\n

\\n

Hesitant but green: from an earlier low of 1.225, EUR/USD is up to 1.2277, gaining 24 pips compared to 1.2253 at the start of the day (0.2%).

\\n

The Euro/Dollar is getting closer and is now only 30 pips from the resistance line at 1.2308, Crossing it might suggest further gains are ahead. At 1.2256, Euro made an initial breakout above the 5 day Simple Moving Average. The upper Bollinger band is at 1.2317, 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

\\n

EU drugs agency still undecided on Moderna COVID vaccine -Dutch regulator https://t.co/RKlTuw65au pic.twitter.com/5fz0XOdcXx

\\n

— Reuters (@Reuters) January 5, 2021

\\n

\\n

\\n\",\"\\n

The British Pound steady at 1.3584, no significant movement

\\n

(Last update 11:20pm EST, January 4, 2021)

\\n

\\n

A mostly flat day so far for GBP/USD ranging between 1.3596 and 1.3562 and is now at 1.3584.

\\n

The Pound/Dollar nearest support level is at 1.3365. The upper Bollinger band is at 1.3728 and the lower is 1.3264.

\\n

\\n

\\n

UK health chiefs warn parts of health system could be overwhelmed by COVID https://t.co/GAe5e73w9i pic.twitter.com/cGUOQczqdh

\\n

— Reuters (@Reuters) January 4, 2021

\\n

\\n

\\n\",\"\\n

At 102.97 Dollar/Yen down to its lowest value in 10 months and a half

\\n

(Last update 11:20pm EST, January 4, 2021)

\\n

\\n

After starting the day at 103.1, USD/JPY dropped 10 pips to 102.97, reaching its lowest point in 10 months and a half.

\\n

The Yen's resistance level is at 104.52. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band is at 102.84, indicating a positive move might be next.

\\n

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

\\n

\\n

\\n

Japan considers halting its business travel deal with China and South Korea https://t.co/t5FUL4m5UJ

\\n

— ForexLive (@ForexLive) January 5, 2021

\\n

\\n

\\n\",\"\\n

Dollar/Swiss down to 0.8796, the last time it was this low was 5 years

\\n

(Last update 11:20pm EST, January 4, 2021)

\\n

\\n

After starting the day at 0.8811, USD/CHF dropped nine pips to 0.8796, reaching its lowest point in 5 years.

\\n

Swiss franc immediate support is around 0.88, resistance level is at 0.8896. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band was at 0.8797, indicating a positive correction might be next.

\\n

Overall, technical indicators suggest the Swiss franc has no obvious direction for the immediate future.

\\n\",\"\\n

Aussie goes back up to April 2018 levels, reaching 0.7712

\\n

(Last update 11:20pm EST, January 4, 2021)

\\n

\\n

After opening at 0.7674, AUD/USD reached 0.7712, breaking a 2 year record. Later, it lost 17 pips and is now trading at 0.7695.

\\n

The Australian dollar's nearest support level is at 0.7628. The Relative Strength Index shows the Aussie has gone up above 70 going into overbought territory. At 0.767, Aussie made an initial breakout above the 5 day Simple Moving Average. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 0.7722, indicating a negative correction might be next.

\\n

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

\\n

\\n

\\n

Australia – ANZ job advertisements for December: +9.2% m/m (prior +13.9%) https://t.co/NUCqQxo9Av

\\n

— ForexLive (@ForexLive) January 5, 2021

\\n

\\n

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