\\n

\\n\",\"\\n

Today Facebook increased by 0.51%, ended the session at $196.64

\\n

(Last update 4:31pm EST, June 13, 2022)

\\n

A quick look at today: Facebook is up to $196.64 today, which makes for a move of 0.51%/99 cents. The trading volume was 22.27 million, which is below the daily average of 27.28 million.

\\n

Trend indicators show us that 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.

\\n

Overall, looking at the technical analysis landscape, it seems Facebook might continue pointing upwards in the short term.

\\n

The company's market cap is $532.17 billion the year 2022 has not been the best for the social media company, it lost 44.13% of its value. So far in 2022, it has been doing worse than the Nasdaq by 4.51%.

\\n\",\"\\n

Amazon closed at $96.05 after losing 2.11% yesterday

\\n

(Last update 9:31pm EST, January 17, 2023)

\\n

\\n

A quick look at yesterday: Jeff Bezos’s company remained in the $96.05 range, after closing Friday at $98.12 and dropping by 2.11% yesterday. The trading volume was 69.69 million which is below the daily average of 75.87 million.

\\n

At $96.16, Amazon made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. Amazon's upper Bollinger band at $98, indicating a further downward move might be next. On the other hand, note that Amazon might start to recover soon because it is getting close to its support line— now only $1.16 away at $94.89. Dipping below could be an indication that further losses are ahead. 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.

\\n

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

\\n

Amazon's market cap currently stands at $979.87 billion the tech and retail multifaceted giant is up 19.92% on its yearly low ($95.73) that i hit 21 days ago. So far in 2022, it has performed better than the Nasdaq by 5.25%.

\\n

\\n
\\n

For the 275,000 Amazon drivers dropping off 10 million packages a day around the world, the job can be a grind. But lots has changed since drivers in 2021 told CNBC about unrealistic workloads, peeing in bottles, dog bites and error-prone routing software. https://t.co/ymTEVDf88B pic.twitter.com/w9LYyLPUjr

\\n

— CNBC (@CNBC) January 17, 2023

\\n

\\n

\\n\",\"\\n

Microsoft is growing its eight-day winning streak by closing at $240.35, gaining 0.47%.

\\n

(Last update 9:26pm EST, January 17, 2023)

\\n

\\n

A quick look at yesterday: light green, mostly flat: Microsoft ranged between $240.91 and $237.09 and closed at $240.35. Trading volume (27.15 million) was slightly under the latest 21 day average volume by 89%.

\\n

Microsoft is scheduled to announce earnings results Tuesday. The consensus EPS estimate is 2.29 and the consensus revenue estimate is $52.99 billion.

\\n

Chart pattern study shows although Microsoft is green today and was as high as $240.91, it seems to be slowing down slightly and moving away from the $241.81 resistance line, and is now $1.46 below it. Trend indicators show us that at $239.97, Microsoft made an initial breakout above 50 day Simple Moving Average, an indication of a positive trend. The MACD line is significantly above the MACD signal line, meaning the medium-term trend might turn negative.

\\n

All in all, while Microsoft has been going up, technical indicators suggest flatness for the immediate future.

\\n

The company's market cap is $1.79 trillion hitting its yearly low ($237.09) 2 months ago, the software giant has bounced back 11.66% since. So far in 2022, it has been under-performing the Nasdaq by 6.07%.

\\n

\\n
\\n

Microsoft to cut thousands of jobs across divisions – reports https://t.co/9eDcFLAXsb pic.twitter.com/wb6yUmjVip

\\n

— Reuters (@Reuters) January 18, 2023

\\n

\\n

\\n\",\"\\n

Google closed at $92.16 after losing 0.69% yesterday

\\n

(Last update 9:26pm EST, January 17, 2023)

\\n

\\n

A quick look at yesterday: the leading search engine company dropped 0.69% early on and stayed at the $92.16 range. The trading volume was 20.86 million, which is below the daily average of 23.24 million.

\\n

Google reversed direction at $91 support zone and climbed $1.15 above it. Although down today, it's worth noting that in earlier trading Google peaked above the $92.32 3 day Simple Moving Average, usually an indication that a positive move might be approaching. 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. In contrast, Google's upper Bollinger band at $93.16, indicating a further downward move might be next. "Bearish harami”, whenever it appears on top of a bullish overall trend, some traders would consider this as an indication of a trend reversal.

\\n

Despite today's losses, technical analysis indicates that Google might continue its recent uptrend in the short term.

\\n

The company's market cap is $1.19 trillion the leading search engine company is now trading 37.31% below its yearly high ($92.97) that it held 11 months ago. So far in 2022, it has been doing worse than the Nasdaq by 3.67%.

\\n

\\n
\\n

The FEC dismissed a complaint filed by the Republican National Committee against Google, rejecting claims the company’s Gmail service purposely filtered emails soliciting donations for Republicans to spam folders at a higher rate than donation requests for Democrats, reportedly. pic.twitter.com/lVfDSJW6zY

\\n

— Forbes (@Forbes) January 17, 2023

\\n

\\n

\\n\",\"\\n

Yesterday Tesla went up and closed at $131.49

\\n

(Last update 9:26pm EST, January 17, 2023)

\\n

\\n

A quick look at yesterday: Elon Musk's EV company went up to $131.49, gaining 7.43%. The trading volume was 182.86 million; higher than the daily average of 179 million.

\\n

The company trades at $131.49 ahead of quarterly performance report which is scheduled to be released Wednesday.

\\n

Tesla could be slowing down soon as it approaches resistance at $133.79. Of course, crossing it might suggest further gains are ahead. Although up today, it's worth noting that earlier Tesla dropped below the 21 day Simple Moving Average as it was trading at $126.58, usually an indication that a negative trend is ahead.

\\n

Examining the technical analysis landscape, Tesla is likely to reverse course and start pointing downward in the short term.

\\n

The company's market cap is $415.21 billion the trendy EV maker gained 23.62% so far this year (2022). So far in 2022 it has been beating the Nasdaq by 17.23%.

\\n\",\"\\n

Zoom parks at $69.87

\\n

(Last update 9:26pm EST, January 17, 2023)

\\n

\\n

Yesterday at a glance: after ending Friday at $69.49, Zoom went up to $70.2 only to drop back to its starting point and close at $69.87. The trading volume was 3.53 million, which is slightly greater than the daily average of 3 million.

\\n

At $68.53, Zoom made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. Zoom's upper Bollinger band is at $71.89, indicating a downward move might be next. On the other hand, note that after reaching the $68.37 support zone, Zoom bounced and climbed $1.5 above it.

\\n

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

\\n

Zoom has a market cap of $20.42 billion the video communications platform provider is now trading 55.94% below its yearly high ($70.2) that it held a year ago. So far in 2022, it has been under-performing the Nasdaq by 1.55%.

\\n\",\"\\n

Netflix loses 1.98%, closes at $326.22 ahead of quarterly report tomorrow

\\n

(Last update 9:26pm EST, January 17, 2023)

\\n

\\n

A quick look at yesterday: the streaming heavyweight remained in the $326.22 range, after closing Friday at $332.82 and dropping by 1.98% yesterday. Slightly greater than the daily average of 8.73 million, Netflix traded with a volume of 9.20 million yesterday.

\\n

Netflix trades at $326.22 ahead of quarterly performance report which is scheduled to be released tomorrow.

\\n

Netflix might start to recover soon because it is getting close to its support line— now only $3.84 away at $322.38. Dipping below could be an indication that further losses are ahead. Although down today, it's worth noting that in earlier trading Netflix peaked above the $326.58 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 Netflix might start pointing upward in the short term.

\\n

The company has a market cap of $145.17 billion the streaming company gained 10.37% so far this year (2022). The Nasdaq has been doing worse in 2022, it has been passing it by 3.98%.

\\n\",\"\\n

Walmart dropped by 0.61% and closed the session at $144.41

\\n

(Last update 9:51pm EST, January 17, 2023)

\\n

\\n

Yesterday at a glance: the discount department and warehouse stores chain slid down from $145.29 to $144.41, taking a 0.61% loss yesterday. The trading volume was 5 million, around the average daily.

\\n

At $144.52, Walmart made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Walmart's upper Bollinger band at $146.72, indicating a further downward move might be next. Despite this, Walmart might start to recover soon because it is getting close to its support line— now only 56 cents away at $143.85. Dipping below could be an indication that further losses are ahead.

\\n

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

\\n

The company has a market cap of $389.44 billion the discount department and warehouse stores chain has gained 9.86% over the last 2 months. So far in 2022, it has been under-performing the Dow Jones by 1.7%.

\\n

\\n
\\n

New elements at the stores include reconfigured layouts with more convenient access to well-shopped areas such as baby food, pets and paper products. There’s also Walmart Pay, a touchless payment app and online grocery pickup service. https://t.co/BIgT6r3MMp

\\n

— Forbes (@Forbes) January 17, 2023

\\n

\\n

\\n\",\"\\n

Procter & Gamble loses 0.29%, closes at $150.44 ahead of quarterly report tomorrow

\\n

(Last update 9:51pm EST, January 17, 2023)

\\n

\\n

Yesterday at a glance: Procter & Gamble ranged between $152.13 and $150.41, but settled at $150.44. The trading volume was 6.31 million which is below the daily average of 6.45 million.

\\n

Procter & Gamble is scheduled to announce earnings results tomorrow. The consensus Earnings Per Share estimate is 1.58 and the consensus revenue estimate is $20.72 billion.

\\n

Procter & Gamble chart analysis: Procter & Gamble might start to recover soon because it is getting close to its support line— now only 58 cents away at $149.86. Dipping below could be an indication that further losses are ahead. Trend indicators show us that at $151.68, Procter & Gamble made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend. According to asset volatility analysis, Bollinger bands shows an indication of recovery: the lower band is at $149.32, a low enough level to, generally, suggest that Procter & Gamble is trading below its value.

\\n

All in all, the technical analysis suggests Procter & Gamble has no clear-cut direction.

\\n

Procter & Gamble's market cap is currently $356.50 billion the consumer goods corporation is now trading 21.91% above its yearly low ($152.13) that it has slumped into 3 months ago. So far in 2022, it has been under-performing the Dow Jones by 3%.

\\n\",\"\\n

Yesterday Walt Disney went up and closed at $99.91

\\n

(Last update 9:51pm EST, January 17, 2023)

\\n

\\n

A quick look at yesterday: Friday closed at $99.4 for Walt Disney; yesterday it jumped to $101, slid back to starting point range, yet ended the day $99.91. Trading volume (14.85 million) was slightly above the last 21 day average by 104%.

\\n

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. In contrast, after reaching the $100.93 resistance zone, Walt Disney retreated $1.02 below it.

\\n

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

\\n

Walt Disney's market cap is currently $182.19 billion hitting its yearly low ($99) 21 days ago, the entertainment and content production company has bounced back 18.09% since. So far in 2022, it has performed better than the Dow by 10.11%.

\\n\",\"\\n

Yesterday Coca-Cola went up and closed at $61.68

\\n

(Last update 9:51pm EST, January 17, 2023)

\\n

\\n

Yesterday at a glance: Coca-Cola ended Friday at $61.43. yesterday it went up to $62.38 only to drop back, yet still managed to close at $61.68. The trading volume was 17.37 million; higher than the daily average of 11.12 million.

\\n

At $62, Coca-Cola made an initial breakout above 200 day Simple Moving Average, an indication of a positive trend. Coca-Cola's lower Bollinger band is at $61.04, indicating further gains might be next. On the other hand, note that although Coca-Cola is green today and was as high as $62.38, it seems to be slowing down slightly and moving away from the $62.19 resistance line, and is now 51 cents below it.

\\n

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

\\n

The company has a market cap of $266.74 billion the year 2022 has not been the best for the soft drinks giant, it lost 2.03% of its value. So far in 2022, it has been under-performing the Dow by 4.29%.

\\n

\\n
\\n

The Biden administration is investigating the pricing practices of Coca-Cola and Pepsi as it embraces an FDR-era antitrust law. It could shake up retailing. https://t.co/sx3OCwwEq7

\\n

— Bloomberg (@business) January 17, 2023

\\n

\\n

\\n\",\"\\n

Pfizer lost 3.7% yesterday, closed at $46.08

\\n

(Last update 9:51pm EST, January 17, 2023)

\\n

\\n

Yesterday at a glance: the multinational pharma juggernaut remained in the $46.08 range, after closing Friday at $47.85 and dropping by 3.7% yesterday. Slightly greater than the daily average of 20.83 million, Pfizer traded with a volume of 24.80 million yesterday.

\\n

Important graph levels to look out for: although Pfizer is pointing down today (was as low as $45.71), it's climbing away from the $45.61 support line and is now 47 cents above it. 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. Analysis based on the asset volatility indicates that Bollinger bands shows an indication of recovery: the lower band is at $45.91, a low enough level to, generally, suggest that Pfizer is trading below its value.

\\n

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

\\n

The company has a market cap of $258.66 billion the year 2022 has not been the best for the pharmaceuticals and biotechnology company, it lost 9.77% of its value. So far in 2022, it has been doing worse than the Dow Jones by 12.03%.

\\n

\\n
\\n

U.S. pharma giant Pfizer on Tues. said it will make its entire portfolio of drugs and vaccines available to low-income countries on a not-for-profit basis, significantly expanding an earlier scheme as the industry comes under renewed fire for affordability amid high drug prices. pic.twitter.com/TQkfaiZQTK

\\n

— Forbes (@Forbes) January 17, 2023

\\n

\\n

\\n\",\"\\n

Yesterday McDonald's went up and closed at $274.11

\\n

(Last update 9:26pm EST, January 17, 2023)

\\n

\\n

A quick look at yesterday: McDonald's ended Friday at $268.89. yesterday it went up to $275.39 only to drop back, yet still managed to close at $274.11. Above the daily average of 2.32 million, McDonald's traded with a volume of 3.43 million yesterday.

\\n

Visual analysis of McDonald's's price graph shows McDonald's could be slowing down soon; it is getting close to the resistance line and is now at $276.32, only $2.21 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 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 asset volatility analysis, McDonald's's upper Bollinger band is at $273.18, this is a slight indication of a slowdown.

\\n

All in all, while McDonald's has been going up, technical indicators suggest flatness for the immediate future.

\\n

McDonald's's market cap is currently $200.76 billion the fast food company gained 3.77% so far this year (2022). So far in 2022, it has been outperforming the Dow Jones by 1.51%.

\\n\",\"\\n

After ending the previous trading day at $21,180, Bitcoin increases slightly to $21,242 (up $62.09)

\\n

(Last update 9:26pm EST, January 17, 2023)

\\n

\\n

Light green, mostly flat: Bitcoin ranging between $21,258 and $21,173 and is now at $21,242.

\\n

As the day gets underway a chart visual study suggests Bitcoin could be slowing down soon; it is getting close to the resistance line and is now at $21,336, only $93.68 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 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 Bitcoin is in a strong overbought condition. Analysis based on the asset volatility indicates that Bitcoin's upper Bollinger band is at $21,883, this is a slight indication of a slowdown. Japanese Candlestick formations detected today show that "bearish harami”, whenever it appears on top of a bullish overall trend, some traders would consider this as an indication of a trend reversal.

\\n

All in all, while Bitcoin has been going up, technical indicators suggest flatness for the immediate future.

\\n

Bitcoin is currently trading with a market cap of 409.24 billion Bitcoin gained 27.13% so far this year (2022).

\\n\",\"\\n

CME Gold steady at $1,912 per ounce, no significant movement

\\n

(Last update 9:26pm EST, January 17, 2023)

\\n

\\n

A mostly flat day so far for CME Gold, ranging between $1,912.6 and $1,908.6, currently at $1,912 per ounce.

\\n

At $1,910.77, Gold made an initial breakout above 3 day Simple Moving Average, an indication of a positive trend. 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. Despite this, Gold fell below the $1,909.83 support zone and receded $2.27 away from it. Gold's upper Bollinger band is at $1,927.6, indicating a downward move might be next.

\\n

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

\\n

Gold gained 5.1% so far this year (2022).

\\n\",\"\\n

After ending the previous trading day at $80.18, WTI crude increases to $80.94 per barrel (up 76 cents)

\\n

(Last update 9:26pm EST, January 17, 2023)

\\n

\\n

US crude oil trades at $80.94 per barrel after gaining 76 cents (0.95%).

\\n

As the day gets underway a chart visual study suggests WTI crude could be slowing down soon; it is getting close to the resistance line and is now at $82.58, only $1.64 away. Crossing the resistance line could, however, suggest that further gains are ahead. 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. Asset volatility analysis shows that WTI crude's upper Bollinger band is at $82.53, this is a slight indication of a slowdown.

\\n

Overall, while WTI crude has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

\\n

West Texas crude is now trading 12.9% above its yearly low ($81.03) that it has slumped into a month ago.

\\n\",\"\\n

After four days of going down, Euro-Dollar is flat today, hovering around 1.08.

\\n

(Last update 9:26pm EST, January 17, 2023)

\\n

\\n

Overall, the Euro had a 0.03% move or 2 pips today and is currently trading at 1.08.

\\n

As the day gets underway a chart visual study suggests Euro-Dollar broke through the 1.0794 resistance and climbed above it 7 pips; next resistance level is at 1.08.

\\n

The Euro has gained 10% over the last 2 months.

\\n\",\"\\n

The Pound is down by 0.1%, trading at 1.2276

\\n

(Last update 10:11pm EST, January 17, 2023)

\\n

\\n

GBP/USD falls to 1.2276, following mixed behavior today as it ranges between 1.2256 and 1.229.

\\n

As the day gets underway a chart visual study suggests the British Pound fell below the 1.2269 support zone and receded 6 pips away from it, next resistance level is at 1.2254. 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 asset volatility analysis, the British Pound's upper Bollinger band at 1.2316, indicating a further downward move might be next.

\\n

Overall, while the British Pound has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

\\n

The British Pound is now trading 20.7% above its yearly low (1.229) that it has slumped into 3 months ago.

\\n\",\"\\n

Dollar/Yen explodes to 130.53 up 232 pips

\\n

(Last update 10:11pm EST, January 17, 2023)

\\n

\\n

Dollar/Yen trades at 130.53 after gaining 232 pips (1.81%).

\\n

At 129.15, Dollar/Yen made an initial breakout above 5 day Simple Moving Average, an indication of a positive trend.

\\n

Examining the technical analysis landscape, Dollar/Yen might continue its downtrend in the short term.

\\n

2 months ago Dollar/Yen has hit its yearly high point of 130.83, since than it lost 14.59%.

\\n\",\"\\n

Stable day for Dollar-Swiss, trading at 0.9222

\\n

(Last update 10:11pm EST, January 17, 2023)

\\n

\\n

Currently light green but with no clear-cut direction, Dollar-Swiss is trading at 0.9222 after ranging between 0.9246 and 0.921 today.

\\n

As the day gets underway a chart visual study suggests Dollar-Swiss broke through the 0.9227 resistance, climbing 5 pips above it. Trend indicators show us that even though currently pointing up, earlier the 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. According to asset volatility analysis, Dollar-Swiss's lower Bollinger band is at 0.9185, indicating further gains might be next.

\\n

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

\\n

2 months ago Dollar-Swiss has hit its yearly high point of 0.9246, since than it lost 9.07%.

\\n\",\"\\n

The Australian dollar holds at 0.699

\\n

(Last update 10:11pm EST, January 17, 2023)

\\n

\\n

Light green, mostly flat: the Australian dollar ranging between 0.7002 and 0.6977 and is now at 0.699.

\\n

As the day gets underway a chart visual study suggests Aussie-Dollar reversed direction at 0.7 resistance zone and retreated back 11 pips below it. In terms of trend indicators, we can see 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. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.7044 – a high enough level to usually suggest Aussie-Dollar is trading above its value.

\\n

Overall, while Aussie-Dollar has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

\\n

The Australian dollar gained 2.31% so far this year (2022).

\\n\\n\"],\"title\":\"Financial Markets Review – 17 January 2023 – 22:11:43\",\"date\":\"2023-01-18T03:11:43\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }