\\n
After opening at 12,740.8, NASDAQ gained 326.68 points, hitting a fresh record high of 13,091.
\\nThis move comes while some more positive signs for the Nasdaq are out as the United States ISM Non-Manufacturing PMI (Dec) came out at 57.2, above the estimate of 54.6. This is also a step forward from the previous data of 55.9. United States Initial Jobless Claims came out at 787,000, above the estimate of 800,000. This is also a step forward from the previous data of 790,000.
\\nMore data out yesterday as the United States Balance of Trade fell short of the -65.20 billion projections, with -68099999999.99999 and continued its downward trajectory from the previous figure of -63.10 billion.
\\nThe Nasdaq immediate resistance is around 13,149.81, nearest support level is at 12,582.77. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 13,116.61, indicating a negative correction might be next. Overall, the technical analysis suggests Nasdaq is neutral for the immediate future, with no clear-cut direction.
\\nA look at other markets shows behavior that usually indicates a green move for the Nasdaq as Apple gained 3.41% ($4.32), reaching $130.92 levels.
\\nIn the meantime, Google broke through the $1,776 resistance, next resistance level is at $1,828. Microsoft broke through the $217.23 resistance. Facebook is eyeing the 277 resistance line
\\nThe market is looking forward to Today at 1:30 PM, data for the United States Unemployment Rate will be released, with an expected decline to 6.8 from the preceding figure of 6.7. United States Non Farm Payrolls are projected to come out at 98,000 – worse than previous data of 344,000, Data will be released today at 1:30 PM. United States Average Hourly Earnings is projected to decline to 0.2 while previous data was 0.3, Data will be released today at 1:30 PM. United States Participation Rate (Dec) is scheduled for today at 1:30 PM.
\\nThe Nasdaq social media highlights:
\\n\\n\\n\\n\\n\",\"\\nDespite the chaos that ensued in Washington, the market continues to rally. The Dow, S&P and Nasdaq all closed at all-time highs. Following such a dark day in American history, is this rally unstoppable? pic.twitter.com/M54jNMF52T
\\n— CNBC's Fast Money (@CNBCFastMoney) January 7, 2021
(Last update 3:00am EST, January 8, 2021)
\\n\\nThe Dow yesterday at a glance –
\\nThe Dow Jones gained 211.73 points and stayed at 31,041 levels.
\\nThe nearest resistance level is at 31,190.4, followed by 31,339.67 at the next level, support levels are at 30,015.51, and followed by 29,950.44 further down. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 30,964, indicating a negative correction might be next.
\\nOverall, technical indicators suggest Dow has no obvious direction for the immediate future.
\\n\\n
\\n\\n\\n\\n\",\"\\nS&P Dow Jones Indices: Will Remove China Mobile, China Telecom Corp, China Unicom From Its Indexes Effective Jan. 12, 2021
\\n— LiveSquawk (@LiveSquawk) January 8, 2021
(Last update 3:00am EST, January 8, 2021)
\\n\\nS&P yesterday at a glance –
\\nWith a daily low of 3,764.71, S&P 500 closed at 3,803.79 after starting the day at 3,748 and gaining 55.65 points (1.48%).
\\nS&P immediate resistance is around 3,822, nearest support level is at 3,687.26. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 3,795.52, indicating a negative correction might be next.
\\nOverall, technical indicators suggest S&P has no obvious direction for the immediate future.
\\n\",\"\\n(Last update 3:01am EST, January 8, 2021)
\\n\\nApple yesterday at a glance –
\\nWith a daily low of $127.86, Apple closed at $130.92 after starting the day at $126.6 and gaining $4.32 (3.41%). Trading volume was 109.58 million, below the daily average of 112.40 million.
\\nThe nearest resistance level is at $136.69. At $128.4, Apple made an initial breakout above the 21 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 $137.19 and the lower is $121.65.
\\nOverall, looking at the technical analysis landscape, it seems Apple is pretty hot and might continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nTSMC reports record quarterly revenue, joining other Apple suppliers in signaling strong demand for the new 5G iPhones https://t.co/Ca1PFL8VTw
\\n— Bloomberg (@business) January 8, 2021
(Last update 3:01am EST, January 8, 2021)
\\n\\nFacebook yesterday at a glance –
\\nHesitant but green: from an early low of $264.78, Facebook went up to $268.74 and gained $5.43 compared to the $263.31 start of the day (2.06%). Trading volume was 15.79 million, below the daily average of 16.83 million.
\\nThe nearest resistance level is at $287.52. At $270.46, Facebook made an initial breakout above the 10 day Simple Moving Average. The lower Bollinger band is at $264.32, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Facebook is pretty hot and might continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nDisinformation on Facebook, social media leaves us 'vulnerable' and imperils democracy: researcher https://t.co/jSEj9o86Vv by @juleshyman pic.twitter.com/QJgpfUg7pc
\\n— Yahoo Finance (@YahooFinance) January 8, 2021
(Last update 3:01am EST, January 8, 2021)
\\n\\nAmazon yesterday at a glance –
\\nWith a daily low of 3,155, Amazon closed at $3,162 after starting the day at $3,138.38 and gaining $23.78 (0.76%). Trading volume was 3.51 million, below the daily average of 3.63 million.
\\nAmazon approached the closest resistance line at $3,220 and is now only $57.92 away, crossing it might suggest further gains are ahead. Although up today, worth noting that at $3,172.67, Amazon made an initial breakout below the 50 day Simple Moving Average earlier. The lower Bollinger band is at $3,087.59, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Amazon.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon’s acquisition of Wondery could further bolster the upstart podcasting industry https://t.co/Ilgkictcb4 via @BW
\\n— Bloomberg (@business) January 8, 2021
(Last update 2:51am EST, January 8, 2021)
\\n\\nAfter starting yesterday at $212.25 Microsoft made its largest single-day jump ($6.04) since November 2020, and and closed at $218.29
\\nAlthough Microsoft is green today and was as high as $219.34, it seems to be slowing down slightly and moving away from the $224.96 resistance line, and is now $6.67 below it. At $215.18, Microsoft made an initial breakout above 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 $227.08 and the lower is $210.65.
\\nOverall, looking at the technical analysis landscape, it seems Microsoft is likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nNintendo Executives Laughed When Microsoft Tried To Acquire Gaming Company: Report $MSFT $NTDOY $SNE $EA https://t.co/N16mfBgdsQ via @benzinga
\\n— Chris Katje (@chriskatje) January 7, 2021
(Last update 2:51am EST, January 8, 2021)
\\n\\nAlphabet closed at $1,787.25 after it made its largest daily jump ($51.96) since November 2020
\\nGoogle eyes resistance at $1,828 and is now only $40.74 away. Crossing it might suggest a continuation of a positive trend. At $1,757.8, Google made an initial breakout above the 21 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 $1,793.43, indicating a negative correction might be next.
\\nOverall, technical indicators suggest Google has no obvious direction for the immediate future.
\\n\\n
\\n\\n\\n\\n\",\"\\nNew Google union slams YouTube for 'lackluster' response to Trump and Capitol mob https://t.co/nsuunrS5bW
\\n— CNBC (@CNBC) January 8, 2021
(Last update 2:51am EST, January 8, 2021)
\\n\\nAfter opening at $756, Tesla gained $60.06, hitting a fresh record high of $817.
\\nTesla's immediate resistance is around $830.29, nearest support level is at 695. The Relative Strength Index indicates Tesla is in strong overbought condition. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at $800.7, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems Tesla is likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nTesla chief and billionaire entrepreneur Elon Musk surpassed Amazon’s top boss Jeff Bezos to become the world's richest man. Read more https://t.co/vJSP6WiWSQ pic.twitter.com/HVJBlIPc5i
\\n— Reuters Business (@ReutersBiz) January 8, 2021
(Last update 2:51am EST, January 8, 2021)
\\n\\nZoom yesterday at a glance –
\\nZoom recovered back to $342.5 after dipping down to $341.63 in a session that started at $344.41. Trading volume was 5.60 million, below the daily average of 6.17 million.
\\nThe Zoom resistance level is at $478.36. At $351.19, Zoom made an initial breakout below the 5 day Simple Moving Average. The lower Bollinger band is at $324.71, indicating a positive move might be next.
\\nOverall, the technical analysis suggests Zoom is neutral for the immediate future, with no clear-cut direction.
\\n\",\"\\n(Last update 2:51am EST, January 8, 2021)
\\n\\nNetflix yesterday at a glance –
\\nWith a daily low of $506.42, Netflix closed at $508.89 after starting the day at $500.49 and gaining $8.4 (1.68%). Trading volume was 3.69 million, above the daily average of 3.57 million.
\\nAlthough Netflix is green today and was as high as $516.42, it seems to be slowing down slightly and moving away from the $534.45 resistance line, and is now $25.56 below it. At $514.72, Netflix made an initial breakout above the 3 day Simple Moving Average. The lower Bollinger band is at $497.9, indicating further gains might be next.
\\nOverall, looking at the technical analysis landscape, it seems Netflix is likely to continue pointing upward in the short term.
\\n\",\"\\n(Last update 2:41am EST, January 8, 2021)
\\n\\nWalmart yesterday at a glance –
\\nWalmart traded at $146.65 having started the session at $147.62, overall a 0.01% move or zero cents. Trading volume was 6.83 million, below the daily average of 7.93 million.
\\nWalmart's resistance level is at $152.79. At $146.59, Walmart made an initial breakout below the 50 day Simple Moving Average. The upper Bollinger band is at $147.79, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Walmart is likely to start pointing downward in the short term.
\\n\",\"\\n(Last update 2:40am EST, January 8, 2021)
\\n\\nProcter & Gamble yesterday at a glance –
\\nProcter & Gamble closed at $138.85 after starting the session at $140.16 and dropping early to $138.04, overall Procter & Gamble lost $1.31 of its value. Trading volume was 7.34 million, above the daily average of 6.71 million.
\\nThe nearest support level is at $135.51 while the closest resistance is at $144.28. At $138.95, Procter & Gamble made an initial breakout below the 50 day Simple Moving Average. The upper Bollinger band at $140.2, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Procter & Gamble is likely to continue pointing down in the short term.
\\n\",\"\\n(Last update 2:40am EST, January 8, 2021)
\\n\\nWalt Disney yesterday at a glance –
\\nWalt Disney recovered back almost all the way to $179.12 after dipping down to $177.57. Trading volume was 7.29 million, below the daily average of 14.83 million.
\\nWalt Disney is getting close and is now only $2.86 from the support line at $175.72. Dipping below it might indicate further losses are ahead. Although down today, worth noting that at $179.52, Walt Disney made an initial breakout above the 5 day Simple Moving Average earlier. The upper Bollinger band is at $186.07 and the lower is $163.18.
\\nOverall, looking at the technical analysis landscape, it seems Walt Disney is pretty hot and might start pointing upward in the short term.
\\n\",\"\\n(Last update 2:40am EST, January 8, 2021)
\\n\\nCoca-Cola yesterday at a glance –
\\nCoca-Cola recovered back almost all the way to $50.52 after dipping down to $49.52. Trading volume was 52.66 million, above the daily average of 16.92 million.
\\nCoca-Cola immediate support is around $49.57, resistance level is at $51.6. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $50.28, indicating a positive correction might be next.
\\nOverall, the technical analysis suggests Coca-Cola is neutral for the immediate future, with no clear-cut direction.
\\n\",\"\\n(Last update 2:41am EST, January 8, 2021)
\\n\\nPfizer yesterday at a glance –
\\nAfter starting the session at $36.87 Pfizer spiked to $37.15, dropped back to starting point range, and rallied again to $37.06. Trading volume was 27.51 million, below the daily average of 46.59 million.
\\nThe nearest resistance level is at $42.56. At $36.97, Pfizer made an initial breakout above the 10 day Simple Moving Average. The upper Bollinger band is at $40.53 and the lower is $35.02.
\\nOverall, looking at the technical analysis landscape, it seems Pfizer is likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nBREAKING: Pfizer says its coronavirus vaccine appears to work against new strand discovered in the United Kingdom
\\n— The Spectator Index (@spectatorindex) January 8, 2021
(Last update 3:16am EST, January 8, 2021)
\\n\\nMcDonald's yesterday at a glance –
\\nAfter starting yesterday at 211, McDonald's went up to $213.22 only to drop back to the half way point range, closing at $211.98. Trading volume was 3.13 million, above the daily average of 3.06 million.
\\nMcDonald's eyes started at $215.08 and is now only $3.1 away. Crossing it might suggest a continuation of a positive trend. Although up today, worth noting that at $211.63, McDonald's made an initial breakout below the 21 day Simple Moving Average earlier. The upper Bollinger band is at $216 and the lower is $208.22.
\\nOverall, looking at the technical analysis landscape, it seems McDonald's is likely to reverse course and start pointing down in the short term.
\\n\",\"\\n(Last update 3:16am EST, January 8, 2021)
\\n\\nSmall gain for Bitcoin at $38,718 after ranging today between $37,100 and $39,578.
\\nThe Relative Strength Index indicates Bitcoin is in strong overbought condition. The upper Bollinger band is at $39,264 and the lower is $18,923.
\\nOverall, looking at the technical analysis landscape, it seems Bitcoin is likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nWhy Bitcoin 'Whales' Are Not Ready To Cash Out, Even At All-Time Highs $BTC $ETH $GBTChttps://t.co/iwEG5D2aEn
\\n— Benzinga (@Benzinga) January 8, 2021
(Last update 3:15am EST, January 8, 2021)
\\n\\nThe upper Bollinger band is at $1,944.53 and the lower is $1,829.
\\n\\n
\\n\\n\\n\\n\",\"\\nGold sees a quick dip below $1,900 to start the session https://t.co/PpfwtTTCs9
\\n— ForexLive (@ForexLive) January 8, 2021
(Last update 3:15am EST, January 8, 2021)
\\n\\nThe Relative Strength Index shows oil has gone up above 70 going into overbought territory. The upper Bollinger band is at $50.17, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems oil is likely to reverse course and start pointing down in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nPetrobras oil output hits record as most peers reel from crash https://t.co/cPdVMipUVa
\\n— Bloomberg (@business) January 8, 2021
(Last update 3:15am EST, January 8, 2021)
\\n\\nThe upper Bollinger band at 1.2321, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems further drawbacks may be next for the Euro.
\\n\\n
\\n\\n\\n\\n\",\"\\nEU citizens will be banned from using ID cards to enter UK from October – The Telegraph https://t.co/CR4ou1NJx9 pic.twitter.com/XkMfupV7Kb
\\n— Reuters (@Reuters) January 8, 2021
(Last update 3:21am EST, January 8, 2021)
\\n\\nThe upper Bollinger band is at 1.3729 and the lower is 1.3293.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe vaccine developed by Pfizer and BioNTech may offer some protection against a mutation in fast-spreading variants of coronavirus from the U.K. and South Africa, according to a study https://t.co/qLtvMdXs7V
\\n— Bloomberg (@business) January 8, 2021
(Last update 3:21am EST, January 8, 2021)
\\n\\nThe upper Bollinger band is at 104.12, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for the Dollar/Yen
\\n\",\"\\n(Last update 3:21am EST, January 8, 2021)
\\n\\nThe upper Bollinger band is at 0.892, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for Dollar/Swiss
\\n\",\"\\n(Last update 3:21am EST, January 8, 2021)
\\n\\nThe Relative Strength Index indicates AUD/USD is in overbought condition. The upper Bollinger band is at 0.7761, indicating a downward move might be next.
\\nOverall, the technical analysis suggests Aussie is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 8 January 2021 – 03:21:08\",\"date\":\"2021-01-08T08:21:08\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }Australia to buy 51 million doses of Novavax's COVID-19 vaccine https://t.co/mAm9zQuOgT
\\n— ForexLive (@ForexLive) January 7, 2021