\\n

\\n\",\"\\n

Facebook lost 3.71% yesterday, closed at $196.21

\\n

(Last update 10:31pm EST, May 9, 2022)

\\n

\\n

A quick look at yesterday: Facebook dropped to $196.21 (from $203.77) — a 3.71% loss yesterday. The trading volume was 36.30 million — slightly below the daily average of 37.55 million.

\\n

Chart pattern study shows next closest resistance is at $233.89, while the nearest support level is at $174.95. In terms of trend indicators, we can see that although down today, it's worth noting that in earlier trading Facebook peaked above the $200.77 10 day Simple Moving Average, usually an indication that a positive move might be approaching.

\\n

Technical analysis shows that Facebook (currently on a downtrend) might reverse course and start going up in the short term.

\\n

Facebook's market cap is currently $531 billion Mark Zuckerberg's company is now trading 16.47% above its yearly low ($202.57) that it has slumped into 13 days ago. So far in 2022, it has been doing worse than the Nasdaq by 10.75%.

\\n

\\n
\\n

Mark Zuckerberg admitted last year that, amid competition from TikTok and others, Facebook had neglected young people https://t.co/Y0U0otqBA1

\\n

— The Economist (@TheEconomist) May 9, 2022

\\n

\\n

\\n\",\"\\n

Amazon bounced $16.78 from 2 years low and closed at $2,175.78

\\n

(Last update 10:31pm EST, May 9, 2022)

\\n

\\n

Amazon dropped to $2,159, its lowest point in 2 years. It later recovered $16.78 and closed at $2,175.78.

\\n

Chart pattern study shows the nearest support level is at $2,130, while the closest resistance is at $3,386.3. Trend indicators show us that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Momentum evaluation shows that the Relative Strength Index indicates Amazon is in an oversold condition, allowing for more gains.

\\n

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

\\n

Amazon has a market cap of $1.11 trillion the tech and retail multifaceted giant is now trading 5.5% above its yearly low ($2,280) that it has slumped into a day ago. So far in 2022, it has been under-performing the Nasdaq by 4.56%.

\\n

\\n
\\n

Mat Cusick and Tristan Dutchin told CNBC they were fired by Amazon in recent days. Both have been working with Amazon Labor Union, a group led by current and former company employees to organize workers at Amazon Staten Island warehouses. @annierpalmer https://t.co/9ztBoZ0buF

\\n

— Ted Kemp (@TedKempCNBC) May 9, 2022

\\n

\\n

\\n\",\"\\n

Microsoft bounced $1.26 from 10 months low and closed at $264.58

\\n

(Last update 10:26pm EST, May 9, 2022)

\\n

\\n

After closing the previous day at $274.73, the software giant dropped to $263.32, hitting its lowest point in 10 months. It later recovered $1.26 and is now trading at $264.58.

\\n

Important graph levels to look out for: Microsoft's immediate support is around $261.15, its resistance level is at $290. Trend indicators show us that the MACD line is significantly below the MACD signal line, meaning this medium-term trend might turn positive. Asset volatility analysis shows that Bollinger bands shows an indication of recovery: the lower band is at $265.52, a low enough level to, generally, suggest that Microsoft is trading below its value. On the other hand, note that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend.

\\n

Technical analysis indicates that Microsoft's current downtrend might soon change course and start climbing up in the short term.

\\n

Microsoft is currently trading with a market cap of $1.98 trillion the year 2022 has not been the best for the software giant, it lost 20.35% of its value. So far in 2022, it has been outperforming the Nasdaq by 10%.

\\n

\\n
\\n

Microsoft, facing the prospect of tightening restrictions in states around the U.S., will help cover the costs of employees having to travel to get abortions or gender-affirming care https://t.co/aO5PCK13pz

\\n

— Businessweek (@BW) May 9, 2022

\\n

\\n

\\n\",\"\\n

Google ended the session at $2,261.68 (-2.23%)

\\n

(Last update 10:26pm EST, May 9, 2022)

\\n

\\n

Yesterday at a glance: the leading search engine company​ recovered some, but not quite all the way back to $2,313.2​ after dipping down to $2,251​ yesterday. Trading volume (1.73 million) was slightly greater than the last 21 day average by 109.55%.

\\n

Chart pattern study shows the nearest support level is at $2,238.63, to be followed by $2,215.59. In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend.

\\n

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

\\n

The company's market cap is $1.49 trillion the search engine giant has lost 19.7% over the last 2 months. So far in 2022, it has performed better than the Nasdaq by 8.7%.

\\n

\\n
\\n

Tinder owner Match sues Google in 'last resort' to avoid app-store booting https://t.co/pyJC9rLWHg pic.twitter.com/N7nmOMITnf

\\n

— Reuters Business (@ReutersBiz) May 10, 2022

\\n

\\n

\\n\",\"\\n

Tesla trades below the $800 level

\\n

(Last update 10:26pm EST, May 9, 2022)

\\n

\\n

Tesla lost $78.54 and now trades below the $800 level for the first time in 8 weeks.

\\n

An analysis of Tesla's chart suggests Tesla's nearest support level is at $763.63, followed by $740.15 at the next level. Trend indicators show us that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. According to asset volatility analysis, Bollinger bands shows an indication of recovery: the lower band is at $781.67, a low enough level to, generally, suggest that Tesla is trading below its value.

\\n

All in all, the technical analysis suggests Tesla has no clear-cut direction.

\\n

Tesla's market cap currently stands at $815.45 billion the year 2022 has not been the best for the trendy electric cars company, it lost 32.28% of its value. So far in 2022, it has been doing worse than the Nasdaq by 1.91%.

\\n\",\"\\n

Zoom jumped 69 cents from a 2 years low and ended session at $92.34

\\n

(Last update 10:26pm EST, May 9, 2022)

\\n

\\n

After ending yesterday at $92.34, the video communications platform provider dropped $4.04 to $91.65, reaching its lowest point in 2 years.

\\n

Chart pattern study shows the nearest support level is at $90.38, to be followed by $88.43. In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. According to asset volatility analysis, Bollinger bands shows an indication of recovery: the lower band is at $90.91, a low enough level to, generally, suggest that Zoom is trading below its value.

\\n

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

\\n

Zoom's market cap currently stands at $27.62 billion the video communications platform provider is now trading 4.38% above its yearly low ($96.83) that it has slumped into a day ago. So far in 2022, it has been under-performing the Nasdaq by 18.45%.

\\n

\\n
\\n

Business travel is rebounding as more executives start to ditch Zoom https://t.co/UvflPNZRpR via @BW

\\n

— Bloomberg (@business) May 9, 2022

\\n

\\n

\\n\",\"\\n

Netflix jumped 79 cents from a 4 years low and ended session at $173.1

\\n

(Last update 10:26pm EST, May 9, 2022)

\\n

\\n

After ending yesterday at $173.1, the streaming heavyweight dropped $7.87 to $172.31, reaching its lowest point in 4 years.

\\n

Netflix chart analysis: the nearest support level is at $169.21, to be followed by $165.33. Momentum evaluation shows that the Relative Strength Index indicates Netflix is in an oversold condition, allowing for more gains.

\\n

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

\\n

The company's market cap is $76.90 billion the streaming heavyweight is now trading 4.55% above its yearly low ($183.18) that it has slumped into a day ago. So far in 2022, it has been under-performing the Nasdaq by 39.73%.

\\n\",\"\\n

Walmart gained 1.17% yesterday and ended up at $151.31

\\n

(Last update 10:21pm EST, May 9, 2022)

\\n

\\n

A quick look at yesterday: ending Friday at $149.56, the discount department and warehouse stores chain rallied 1.17% yesterday and stayed at the $151.31 level. Trading volume (9.13 million) was slightly greater than the last 21 day average by 130.94%.

\\n

A chart visual study suggests the nearest resistance level is at $159.87. Trend indicators show us that even though Walmart is up today, it is worth noting that earlier it dropped below 50 day Simple Moving Average and was trading at $149.12, a possible sign that a negative trend is ahead. The CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. In contrast, Walmart's lower Bollinger band is at $149.44, indicating further gains might be next.

\\n

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

\\n

Walmart's market cap currently stands at $416.52 billion the discount department and warehouse stores chain is now trading 6.45% below its yearly high ($159.87) that it held 19 days ago. So far in 2022, it has performed better than the Dow Jones by 15.86%.

\\n\",\"\\n

Procter & Gamble lost 0.25% yesterday, closed at $155.61

\\n

(Last update 10:21pm EST, May 9, 2022)

\\n

\\n

Yesterday at a glance: the consumer goods company​ recovered some, but not quite all the way back to $156​ after dipping down to $152.75​ yesterday. The trading volume was 8.51 million, which is above the daily average of 7.91 million.

\\n

Important graph levels to look out for: Procter & Gamble's immediate support is around $153.32, its resistance level is at $163.65. Trend indicators show us that although down today, it's worth noting that in earlier trading Procter & Gamble peaked above the $155.1 50 day Simple Moving Average, usually an indication that a positive move might be approaching. Asset volatility analysis shows that Bollinger bands shows an indication of recovery: the lower band is at $153.65, a low enough level to, generally, suggest that Procter & Gamble is trading below its value. In contrast, the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend.

\\n

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

\\n

The company's market cap is $373.36 billion the consumer goods company is now trading 18.15% above its yearly low ($156.76) that it has slumped into 10 months ago. The Dow Jones has been doing worse in 2022, it has been passing it by 6.74%.

\\n\",\"\\n

Walt Disney jumped 52 cents from a 1 year low and ended session at $107

\\n

(Last update 10:21pm EST, May 9, 2022)

\\n

\\n

After closing the previous day at $110.29, the entertainment giant dropped to $106.48, hitting its lowest point in 1 year. It later recovered 52 cents and is now trading at $107.

\\n

Walt Disney is scheduled to announce earnings results tomorrow. The consensus Earnings Per Share estimate is 1.19 and the consensus revenue estimate is $20 billion.

\\n

Walt Disney's graph levels to watch: the nearest support levels are at $105.39, and followed by $103.81 further down, resistance level is at $111.63, followed by $116.19 at the next level, In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Momentum evaluation shows that the Relative Strength Index indicates Walt Disney is in an oversold condition, allowing for more gains.

\\n

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

\\n

Walt Disney's market cap is currently $194.77 billion the entertainment and content production company is now trading 3.09% above its yearly low ($110.74) that it has slumped into a day ago. So far in 2022, it has been under-performing the Dow Jones by 19.9%.

\\n\",\"\\n

Coca-Cola lost 0.2% yesterday, closed at $64.61

\\n

(Last update 10:21pm EST, May 9, 2022)

\\n

\\n

Yesterday at a glance: although Coca-Cola increased from $64.74 to $65.36, the stock dropped back and is now priced at $64.61. The trading volume was 20 million, which is slightly greater than the daily average of 17.87 million.

\\n

Important graph levels to look out for: the nearest support level is at $63.98, to be followed by $63.35. Trend indicators show us that although down today, it's worth noting that in earlier trading Coca-Cola peaked above the $64.86 21 day Simple Moving Average, usually an indication that a positive move might be approaching.

\\n

Overall, looking at the technical analysis landscape, it seems Coca-Cola might start pointing upward in the short term.

\\n

Coca-Cola's market cap currently stands at $280 billion the soft drink company is now trading 23.79% above its yearly low ($65.36) that it has slumped into 5 months ago. So far in 2022, it has performed better than the Dow Jones by 20.13%.

\\n

\\n
\\n

$KO $KHC $DIS | BofA Global Research Adds Coca-Cola And Kraft Heinz To Their US 1 List; Removes Walt Disney

\\n

— LiveSquawk (@LiveSquawk) May 9, 2022

\\n

\\n

\\n\",\"\\n

Pfizer lost 0.82% yesterday, closed at $48.64

\\n

(Last update 10:21pm EST, May 9, 2022)

\\n

\\n

A quick look at yesterday: Pfizer dropped to $48.64 (from $49.04) — a 0.82% loss yesterday. The trading volume was 24.82 million; slightly greater than the daily average of 24.38 million.

\\n

A study of Pfizer's chart pattern shows the nearest support level is at $47.88. In case Pfizer declines below the first line, it might head towards the next support at $47.13. Resistance level is at $50.94, followed by $54.51 at the next level. In terms of trend indicators, we can see that although down today, it's worth noting that in earlier trading Pfizer peaked above the $48.96 5 day Simple Moving Average, usually an indication that a positive move might be approaching.

\\n

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

\\n

The company's market cap is $274.71 billion the pharmaceuticals and biotechnology company is now trading 19.93% below its yearly high ($61.25) that it held 4 months ago. So far in 2022, it has been under-performing the Dow by 2.84%.

\\n\",\"\\n

McDonald's lost 1.31% yesterday, closed at $247.49

\\n

(Last update 10:26pm EST, May 9, 2022)

\\n

\\n

A quick look at yesterday: the fast food giant remained in the $247.49 range after closing Friday at $250.78 and dropping 1.31% as it reached the end yesterday's session. The trading volume was 2.92 million, which is slightly greater than the daily average of 2.63 million.

\\n

McDonald's chart analysis: McDonald's might start to recover soon because it is getting close to its support line— now only $1.62 away at $245.87. Dipping below could be an indication that further losses are ahead. In terms of trend indicators, we can see that although down today, it's worth noting that in earlier trading McDonald's peaked above the $248.18 200 day Simple Moving Average, usually an indication that a positive move might be approaching. Analysis based on the asset volatility indicates that Bollinger bands shows an indication of recovery: the lower band is at $244.62, a low enough level to, generally, suggest that McDonald's is trading below its value.

\\n

Overall, looking at the technical analysis landscape, it seems McDonald's —which is currently on a downtrend— might reverse course and start pointing upward in the short term.

\\n

The company's market cap is $183 billion the fast food giant has hit is lowest yearly rate ($222) 2 months ago, since then it has recovered 12.96%. So far in 2022 it has been beating the Dow Jones by 3.44%.

\\n\",\"\\n

Bitcoin gains $1,038 to erase previous losses, trading higher at $31,000 after 9 months low

\\n

(Last update 10:26pm EST, May 9, 2022)

\\n

\\n

Bitcoin dropped to $29,962, hitting its lowest point in 9 months. It later recovered $1,038 and is now trading at $31,000.

\\n

As the day gets underway a chart visual study suggests Bitcoin's nearest resistance level is at $37,800, followed by $38,300 at the next level. In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Momentum evaluation shows that the Relative Strength Index has gone below 30, going into oversold conditions and allowing more gains. Asset volatility analysis shows that Bitcoin is showing signs that a downward correction might be next, as it crossed the lower Bollinger band at $32,855 Japanese Candlestick formations detected today show that "bullish harami”, whenever it appears on top of a bearish overall trend, some traders would consider this as an indication of a trend reversal.

\\n

All in all, the technical analysis suggests Bitcoin has no clear-cut direction.

\\n

Bitcoin has a market cap of 590.15 billion 6 months ago Bitcoin has hit its yearly high point of $67,600, since than it lost 55%.

\\n

\\n
\\n

Bitcoin swoons below $33K as investors hunt for new bottom https://t.co/bxoQlF21vz by @DsHollers pic.twitter.com/CKAypTaTan

\\n

— Yahoo Finance (@YahooFinance) May 10, 2022

\\n

\\n

\\n\",\"\\n

CME Gold bounces $4.5 from 2 months low

\\n

(Last update 10:26pm EST, May 9, 2022)

\\n

\\n

After ending yesterday at $1,858.6, today U.S. Gold dropped to its lowest point in 2 months at $1,851.7. It later recovered $4.5 and is now trading at $1,856.2.

\\n

As the day gets underway a chart visual study suggests the resistance level is at $1,919.2, followed by $1,957.7. In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that Bollinger bands shows an indication of recovery: the lower band is at $1,829.7, a low enough level to, generally, suggest that U.S. Gold is trading below its value.

\\n

All in all, the technical analysis suggests Gold has no clear-cut direction.

\\n

2 months ago Chicago Gold has hit its yearly high point of $2,058.3, since than it lost 9.7%.

\\n

\\n
\\n

"This formula is like gold. We lucked out." The nationwide baby formula shortage is hitting parents hard and some are traveling thousands of miles. @stephgosk has more on the story. pic.twitter.com/0eQWGchWx2

\\n

— The News with Shepard Smith (@thenewsoncnbc) May 9, 2022

\\n

\\n

\\n\",\"\\n

Crude oil slumps to $102.13 per barrel (down $1.28) after ending the previous session at $103.41.

\\n

(Last update 10:26pm EST, May 9, 2022)

\\n

\\n

U.S. Oil slides down from $103.41 to $102.13 per barrel today, losing $1.28 (1.23%).

\\n

As the day gets underway a chart visual study suggests next closest resistance is at $114.35, while the nearest support level is at $95.18. Asset volatility analysis shows that Bollinger bands shows an indication of recovery: the lower band is at $98.51, a low enough level to, generally, suggest that Chicago Oil is trading below its value.

\\n

Overall, looking at the technical analysis landscape, it seems Chicago Oil might start pointing upward in the short term.

\\n

2 months ago Oil has hit its yearly high point of $124.77, since than it lost 17.12%.

\\n

\\n
\\n

Activist hedge fund Third Point told clients it has increased its stake in Shell and is still pushing the oil giant to restructure https://t.co/y8ARzdgDpO

\\n

— WSJ Markets (@WSJmarkets) May 9, 2022

\\n

\\n

\\n\",\"\\n

The Euro increases to 1.0573 up 13 pips

\\n

(Last update 10:26pm EST, May 9, 2022)

\\n

\\n

The Euro posts light gains on a low-volatility day, ranging between 1.0578 and 1.0552 and is now at 1.0573.

\\n

As the day gets underway a chart visual study suggests the nearest resistance level is at 1.1157.

\\n

The Euro has lost 7.61% over the last 2 months.

\\n\",\"\\n

After ending the previous trading day at 1.2332, the Pound climbs to 1.2366 (up 33 pips)

\\n

(Last update 11:11pm EST, May 9, 2022)

\\n

\\n

Small gain for GBP/USD at 1.2366 after ranging between 1.2318 and 1.2373 today.

\\n

As the day gets underway a chart visual study suggests the British Pound could be slowing down soon as it approaches resistance at 1.2456. Of course, crossing it might suggest further gains are ahead. Trend indicators show us that at 1.2349, the British Pound made an initial breakout above 3 day Simple Moving Average, an indication of a positive trend.

\\n

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

\\n

The Pound has lost 8.91% over the last 2 months.

\\n\",\"\\n

Dollar/Yen holds at 130.35

\\n

(Last update 11:11pm EST, May 9, 2022)

\\n

\\n

After dipping down to 129.8, Dollar/Yen regains earlier losses and reaches 130.35.

\\n

As the day gets underway a chart visual study suggests Dollar/Yen could be slowing down soon as it approaches resistance at 130.88. Of course, crossing it might suggest further gains are ahead. In terms of trend indicators, we can see that even though Dollar/Yen is up today, it is worth noting that earlier it dropped below 10 day Simple Moving Average and was trading at 130, a possible sign that a negative trend is ahead. Analysis based on the asset volatility indicates that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 131.48 – a high enough level to usually suggest Dollar/Yen is trading above its value.

\\n

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

\\n

Dollar/Yen has gained 13% over the last 2 months.

\\n\",\"\\n

Dollar/Swiss retraces 25 pips from 2 years high, trades at 0.9916

\\n

(Last update 11:11pm EST, May 9, 2022)

\\n

\\n

After hitting its highest point in 2 years at 0.9941, Dollar/Swiss dropped by 25 pips and is now trading at 0.9916.

\\n

As the day gets underway a chart visual study suggests Dollar/Swiss's nearest support level is at 0.923. Trend indicators show us that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. According to momentum evaluation, the Relative Strength Index indicates Dollar/Swiss is in an overbought condition, keep an eye out for slowdown of gains. Despite this, Dollar/Swiss's upper Bollinger band at 0.9978, 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 Dollar/Swiss might reverse course and start pointing upward in the short term.

\\n

Dollar/Swiss has gained 7.48% over the last 2 months.

\\n\",\"\\n

The Australian dollar bounces 51 pips from 1 year low

\\n

(Last update 11:11pm EST, May 9, 2022)

\\n

\\n

The Australian dollar dropped to 0.6911, hitting its lowest point in 1 year. It later recovered 51 pips and is now trading at 0.6963.

\\n

As the day gets underway a chart visual study suggests the Australian dollar could be slowing down soon; it is getting close to the resistance line and is now at 0.7033, only 70 pips away. Crossing the resistance line could, however, suggest that further gains are ahead. In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend.

\\n

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

\\n

A day ago Aussie/Dollar has hit its twelve month low point of 0.6947, since than it recovered back 0.05%.

\\n\\n\"],\"title\":\"Financial Markets Review – 9 May 2022 – 23:11:24\",\"date\":\"2022-05-10T03:11:24\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }