\\n
After opening at 13,072.4, NASDAQ reached a record high of 13,220. Later, it lost 92.54 points and is now trading at 13,127.62.
\\nThe Nasdaq green move comes while some more encouraging signs are out as United States Crude Oil Inventories released earlier shows an improvement to -3.25 million from the preceding data of -8.01 million, but falls short of the projected -2.27 million.
\\nOn the other hand, United States Initial Jobless Claims published today at 1:30 PM came out at 965,000, falling short of the 795,000 projections and continuing its decline from the previous 784,000 figure.
\\nMore data out yesterday as data for the United States Export Price Index released today at 1:30 PM came out at 1.1, beating projections of 0.4 and showing improvement over the preceding figure of 0.7.
\\nThe Nasdaq is flirting with the 13,202 immediate resistance line. The CCI indicator is above 100, indicating a possible start of a new uptrend. The upper Bollinger band is at 13,201.56, indicating a negative correction might be next. Overall, looking at the technical analysis landscape, it seems the Nasdaq is likely to continue pointing upward in the short term.
\\nApple lost $1.89 from the start of the session, trading at $129 levels. The Shanghai Composite Index dropped 0.91% (32.75 points) to 3,566. Google dropped 0.6% ($10.57) to $1,743.83.
\\nIn the meantime, Facebook fell to $246.37, hitting a 3 month low.
\\nThe market is looking forward to the United States Producer Price Index, projected to outperform last figure with 0.3, while it previously stood at 0.1, data will be released tomorrow at 1:30 PM. United States Core Retail Sales is projected to outperform last figure at -0.1, while it previously stood at -0.9, data will be released tomorrow at 1:30 PM. United States Retail Sales is projected to outperform last figure at -0.2, while it previously stood at -1.1, figure will be published tomorrow at 1:30 PM. United States Core PPI (MoM) (Dec) is projected to rise to 0.2, beating the previous 0.1 figure. Official data is expected tomorrow at 1:30 PM.
\\nThe Nasdaq social media highlights:
\\n\\n\\n\\n\\n\",\"\\nDow, Nasdaq hit record highs as focus turns to Biden's stimulus speech https://t.co/FgMEN0J66m pic.twitter.com/HIJfFD4HoN
\\n— Reuters Business (@ReutersBiz) January 14, 2021
(Last update 3:42pm EST, January 14, 2021)
\\n\\nAfter opening at 31,060.47, Dow Jones reached a record high of 31,223.78. Later, it lost 169.22 points and is now trading at 31,054.56.
\\nThe Dow nearest support level is at 30,046.24. At 31,055.39, Dow Jones made an initial breakout below 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 31,296, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Dow might be pointing down in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe Dow and Russell 2000 both hit new highs today. Listen to the @HalftimeReport podcast here https://t.co/uNB2L4ExuZ pic.twitter.com/MztDHMtXza
\\n— CNBC (@CNBC) January 14, 2021
(Last update 3:42pm EST, January 14, 2021)
\\n\\nThe S&P 500 is trading at 3,804.4 with no clear-cut direction, ranging between 3,823.6 and 3,798.
\\nThe S&P is getting closer and is now only 48.33 points from the support line at 3,756. Dipping below it might indicate further losses are ahead. At 3,807.82, S&P 500 made an initial breakout below 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 3,834.44, indicating a downward move might be next.
\\nOverall, technical indicators suggest S&P has no obvious direction for the immediate future.
\\n\",\"\\n(Last update 3:42pm EST, January 14, 2021)
\\n\\nApple slidden down from $130.89 to $129.36, taking a $1.53 loss (1.17%).
\\nThe nearest support level is at $113.85 while the closest resistance is at $136.69. At $130.12, Apple made an initial breakout below 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 $135.77 and the lower is $125.45.
\\nOverall, the technical analysis suggests Apple is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nApple invests $10M in venture capital firm focused on diverse founders as part of diversity push. https://t.co/ePJBEGwjEZ
\\n— CNBC (@CNBC) January 14, 2021
(Last update 3:42pm EST, January 14, 2021)
\\n\\nAfter opening at $251.64, Facebook dropped to its lowest point in 3 months at $245.8. It later recovered 64 cents and closed at $246.44.
\\nFacebook immediate support is around $242.1, resistance level is at $287.52. The Relative Strength Index has gone below 30, going into oversold conditions and allowing more gains. At $247.34, Facebook made an initial breakout below the 200 day Simple Moving Average. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $249.65, indicating a positive correction might be next.
\\nOverall, technical indicators suggest Facebook has no obvious direction for the immediate future.
\\n\\n
\\n\\n\\n\\n\",\"\\nAfter banning Trump for inciting violence, Facebook and Twitter are facing scrutiny abroad for past inaction against political figures. https://t.co/rQxhsYlgVQ by @satariano
\\n— NYT Business (@nytimesbusiness) January 14, 2021
(Last update 3:42pm EST, January 14, 2021)
\\n\\nAmazon slid down from $3,166 to $3,135.18, taking a $30.71 loss (0.97%).
\\nAmazon is getting close and is now only $33.69 from the support line at $3,101.49. Dipping below it might indicate further losses are ahead. Although down today, worth noting that at $3,169.52, Amazon made an initial breakout above the 50 day Simple Moving Average earlier. The lower Bollinger band at $3,090, indicating a positive correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems Amazon is pretty hot and might start pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nParler is likely to remain offline, at least in the near-term, after a judge indicated she’s likely to take a considered approach on whether to force Amazon to restore its service https://t.co/UKdnjq0VQQ
\\n— Bloomberg (@business) January 14, 2021
(Last update 3:36pm EST, January 14, 2021)
\\n\\nMicrosoft slid down from $216.34 to $213.9, taking a $2.44 loss (1.13%).
\\nMicrosoft is getting close and is now only $3.79 from the support line at $210.11. Dipping below it might indicate further losses are ahead. At $216.25, 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 CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $212.62, indicating a positive correction might be next.
\\nOverall, technical indicators suggest Microsoft has no obvious direction for the immediate future.
\\n\",\"\\n(Last update 3:36pm EST, January 14, 2021)
\\n\\nThe alphabet edges to $1,746.25, following mixed behavior today, as it ranges between $1,733.4 and $1,775.
\\nGoogle is getting close and is now only $22.75 from the support line at $1,723.5. Dipping below it might indicate further losses are ahead. At $1,760.47, Google 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 lower Bollinger band at $1,709.76, indicating a positive correction might be next.
\\nOverall, the technical analysis suggests Google is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nEpic widens Fortnite dispute with Apple, Google in UK https://t.co/89wqJoSCUp via @business pic.twitter.com/XAbwlXw06Z
\\n— Yahoo Finance (@YahooFinance) January 14, 2021
(Last update 3:36pm EST, January 14, 2021)
\\n\\nTesla edged to $848.61, following mixed behavior today, as it ranged between $838.78 and 863.
\\nThe nearest support level is at 695 while the closest resistance is at $880.02. The Relative Strength Index indicates Tesla is in overbought condition. At $842.22, Tesla made an initial breakout below 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 $893.87 and the lower is $564.36.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Tesla might reverse course and start pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nTesla stock is 'very fully priced,' says investing legend Byron Wien https://t.co/vF2k1UDVak by @BrianSozzi pic.twitter.com/q4Dl85Crtr
\\n— Yahoo Finance (@YahooFinance) January 14, 2021
(Last update 3:36pm EST, January 14, 2021)
\\n\\nHesitant but green: from an earlier low of $370.59, Zoom is up to $382.71 gaining $18.08 compared to the $364.63 start of the day (4.96%). Trading volume is at 7.72 million, above the 21 day avarage of 6.54 million.
\\nThe nearest resistance level is at $478.36. The upper Bollinger band is at $418.32 and the lower is $320.05.
\\n\\n
\\n\\n\\n\\n\",\"\\nZoom lunch? Walk in the park? Europe's recruiters adapt to Covid https://t.co/kc0Km3zEv0 pic.twitter.com/ryLSCFPkhT
\\n— Reuters (@Reuters) January 14, 2021
(Last update 3:36pm EST, January 14, 2021)
\\n\\nNetflix slid down from $507.79 to $501.55, losing $6.24 (1.23%).
\\nNetflix is getting close and is now only $7.95 from the support line at $493.6. Dipping below it might indicate further losses are ahead. At $503.56, Netflix made an initial breakout below the 50 day Simple Moving Average. The lower Bollinger band at $492.32, indicating a positive correction might be next.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems Netflix might reverse course and start pointing upward in the short term.
\\n\",\"\\n(Last update 3:21pm EST, January 14, 2021)
\\n\\nWalmart drops 68 cents early on and steadies at the $146.76 range.
\\nThe nearest support level is at $143.22 while the closest resistance is at $149.09. At $147.25, Walmart made an initial breakout below the 50 day Simple Moving Average. The upper Bollinger band at $148.62, indicating a further downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Walmart is likely to continue pointing down in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nIndian stores shuttered by farmer protests cost Reliance, Walmart millions in revenue: sources https://t.co/A3U9AAwkg7 pic.twitter.com/cU92MpVrXI
\\n— Reuters (@Reuters) January 14, 2021
(Last update 3:21pm EST, January 14, 2021)
\\n\\nAfter starting at $137.26 Procter & Gamble made its largest single-day drop ($1.83) seen recently, trading now at $135.43
\\nProcter & Gamble broke through the $135.51 support line and dropped seven cents below it. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. Procter & Gamble has just crossed the lower Bollinger band at $135.77, indicating further loses might be next
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for Procter & Gamble
\\n\",\"\\n(Last update 3:21pm EST, January 14, 2021)
\\n\\nWalt Disney dropped to $174.41, following mixed behavior today, as it ranged between $174.16 and $178.35.
\\nWalt Disney is flirting with the $175.72 immediate support line. At $175.88, Walt Disney made an initial breakout below the 21 day Simple Moving Average. The upper Bollinger band is at $182.57 and the lower is $169.89.
\\nOverall, looking at the technical analysis landscape, it seems Walt Disney is likely to continue pointing down in the short term.
\\n\",\"\\n(Last update 3:21pm EST, January 14, 2021)
\\n\\nAfter starting the day at $50.16 Coca-Cola dropped to $49.22, hitting its lowest point in 2 months, it later recovered 10 cents and is now trading at $49.33
\\nThe Coca-Cola 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 $48.93, indicating a positive correction might be next.
\\nOverall, technical indicators suggest Coca-Cola has no obvious direction for the immediate future.
\\n\",\"\\n(Last update 3:21pm EST, January 14, 2021)
\\n\\nPfizer recovered back to $36.87 after dipping down to $36.61 in a session that started at $36.86.
\\nPfizer's resistance level is at $42.56. At $36.79, Pfizer made an initial breakout above the 200 day Simple Moving Average. The lower Bollinger band is at $36.4, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems Pfizer is pretty hot and might start pointing upward in the short term.
\\n\",\"\\n(Last update 2:12pm EST, January 14, 2021)
\\n\\nMcDonald's slid down from $212.09 to $209.63, taking a $2.46 loss (1.16%).
\\nMcDonald's is getting close and is now only $1.87 from the support line at $207.76. Dipping below it might indicate further losses are ahead. 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 CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band at $209.28, indicating a positive correction might be next.
\\nOverall, technical indicators suggest McDonald's has no obvious direction for the immediate future.
\\n\",\"\\n(Last update 2:12pm EST, January 14, 2021)
\\n\\nAfter starting the day at $38,400 Bitcoin went up to $39,900 only to drop back, yet still positive overall today, trading now at $39,500.
\\nThe upper Bollinger band is at $43,025 and the lower is $23,700.
\\n\\n
\\n\\n\\n\\n\",\"\\nBit-sanity continues as #bitcoin surges close to $40k again, up almost 10% in the last 24 hours. Jean-Marie Mognetti, CEO of @CoinSharesCo, on their record inflows into #bitcoin related products and services. pic.twitter.com/IBWLYEIqXM
\\n— The Exchange (@CNBCTheExchange) January 14, 2021
(Last update 2:12pm EST, January 14, 2021)
\\n\\nGold recovered back almost all the way to $1,855 after dipping down to $1,826.6.
\\nGold's immediate support is around $1,845.27, resistance level is at $1,952.7. Although down today, worth noting that at $1,843, Gold 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 upper Bollinger band is at $1,945.83 and the lower is $1,816.
\\nOverall, the technical analysis suggests gold is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nA gold medal-winning Olympic swimmer Klete Keller was accused of civil disorder, unlawful entry and disorderly conduct, for allegedly participating in last week's riot at the Capitol https://t.co/IH2voDcmMO pic.twitter.com/DMilAb9DfI
\\n— Reuters (@Reuters) January 14, 2021
(Last update 2:12pm EST, January 14, 2021)
\\n\\nCurrently light green but with no clear-cut direction. Crude is trading at $53.33 after ranging today between $53.48 and $52.24.
\\nOil immediate resistance is around $53.7, nearest support level is at $49.1. The Relative Strength Index indicates oil is in overbought condition, keep an eye out for a slowdown of gains. Although up today, worth noting that at $52.54, Oil made an initial breakout below the 5 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 $53.84, indicating a negative correction might be next.
\\nOverall, the technical analysis suggests crude oil is neutral for the immediate future, with no clear-cut direction.
\\n\\n
\\n\\n\\n\\n\",\"\\nWall Street lenders will face new orders barring them from refusing to work with businesses like oil and gun companies, solely because of perceived reputational risk https://t.co/HB2xOpnaL0
\\n— Bloomberg (@business) January 14, 2021
(Last update 2:12pm EST, January 14, 2021)
\\n\\nEUR/USD recovered back to 1.2157 after dipping down to 1.2115 in a session that started at 1.2164.
\\nThe Euro is getting closer and is now only 71 pips from the support line at 1.2085. Dipping below it might indicate further losses are ahead. The CCI indicator is bellow -100, suggesting a possible downtrend may be on the cards. The lower Bollinger band is at 1.2138, indicating a positive move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Euro might be pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nRussia to submit Sputnik V vaccine for EU approval, says RDIF chief https://t.co/u2LsFEES4Z pic.twitter.com/h4l260Bc4L
\\n— Reuters (@Reuters) January 14, 2021
(Last update 2:21pm EST, January 14, 2021)
\\n\\nAfter opening at 1.364, GBP/USD reached 1.3706, breaking a 2 year record. Later, it lost 27 pips and is now trading at 1.3678.
\\nThe Pound's 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 1.3723, indicating a negative correction might be next.
\\nOverall, technical indicators suggest the Pound has no obvious direction for the immediate future.
\\n\\n
\\n\\n\\n\\n\",\"\\nThe U.K. will close its borders to travelers from South America and Portugal on Friday as concern grows over a new coronavirus variant that researchers believe emerged in the Brazilian Amazon https://t.co/w6hGrIYds5
\\n— The Wall Street Journal (@WSJ) January 14, 2021
(Last update 2:21pm EST, January 14, 2021)
\\n\\nAlthough starting the trading session strong, rising from 103.84 to 104.2, USD/JPY dropped back and is now priced at 103.79.
\\nThe Yen is climbing away and is now 108 pips from the 102.71 support line. At 104, Yen made an initial breakout above the 50 day Simple Moving Average. The upper Bollinger band is at 104.18, indicating a downward move might be next.
\\nOverall, looking at the technical analysis landscape, it seems the Dollar/Yen might be pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\",\"\\nFrom @reuterspictures: Young men and women turning 20 years old marked Japan's Coming of Age Day in Yokohama, while ceremonies in other cities were canceled or postponed https://t.co/mikjjxWaW3 pic.twitter.com/HfP7hHSXdL
\\n— Reuters (@Reuters) January 14, 2021
(Last update 2:21pm EST, January 14, 2021)
\\n\\nAfter starting the day at 0.8875, USD/CHF rallied to 0.8917, hitting its highest point in 5 weeks, It later lost 37 pips and is now trading at 0.888
\\nThe Dollar/Swiss is getting closer and is now only 97 pips from the support line at 0.8783. Dipping below it might indicate further losses are ahead. At 0.8874, Dollar/Swiss made an initial breakout below the 3 day Simple Moving Average. The upper Bollinger band is at 0.8923, indicating a downward move might be next.
\\nOverall, looking at all the technical indicators, it seems the Dollar/Swiss might be pointing down in the short term.
\\n\",\"\\n(Last update 2:21pm EST, January 14, 2021)
\\n\\nAfter starting the day at 0.7738, AUD/USD rallied to 0.7808, hitting its highest point in 2 years, It later lost 17 pips and is now trading at 0.779
\\nThe Australian dollar's nearest support level is at 0.7628. At 0.7741, Aussie/Dollar 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 0.7812, indicating a negative correction might be next.
\\nOverall, looking at the technical analysis landscape, it seems Aussies are likely to continue pointing upward in the short term.
\\n\\n
\\n\\n\\n\\n\\n\"],\"title\":\"Financial Markets Review – 31 January 2021 – 04:11:16\",\"date\":\"2021-01-31T09:11:16\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }A racing pigeon that survived an exhausting 8,000-mile journey across the Pacific Ocean from the U.S. to Australia is expected to be killed because quarantine authorities say it poses a disease risk. https://t.co/tHS6mOBF8t
\\n— The Associated Press (@AP) January 14, 2021