\\n
\\n\",\"\\n(Last update 4:31pm EST, June 13, 2022)
\\nA 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.
\\nTrend 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.
\\nOverall, looking at the technical analysis landscape, it seems Facebook might continue pointing upwards in the short term.
\\nThe 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(Last update 1:31pm EST, February 6, 2023)
\\n\\nThe tech and retail multifaceted giant is recovering some losses, but is not all the way back to $103.39, after dipping down to $100.65 today.
\\nAmazon reported earnings results Thursday; with EPS at 0.25 and revenues at $149.20 billion, these results are mixed compared to a consensus of 0.18 Earnings Per Share and $155.15 billion revenue. Since the release of its earnings report, Amazon lost 2.91%.
\\nAt $101.76, Amazon made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. In contrast, although Amazon is pointing down today (was as low as $100.65), it's climbing away from the $101 support line and is now $1.08 above it.
\\nOverall, looking at the technical analysis landscape, it seems Amazon is likely to continue pointing down in the short term.
\\nAmazon's market cap is currently $1 trillion the tech and retail multifaceted giant is now trading 26.36% above its yearly low ($103.95) that it has slumped into a month ago. So far in 2022, it has been outperforming the Nasdaq by 6.98%.
\\n\\n
\\n\\n\\n\\n\",\"\\nAmazon is obviously a factor in Bed Bath & Beyond's decline.
\\nArthur Stark, the longtime former president of the chain, told us that executives should have focused more on online https://t.co/PRGdAFCOC1 pic.twitter.com/kTIe7gDji5
\\n— Bloomberg (@business) February 6, 2023
(Last update 1:56pm EST, February 6, 2023)
\\n\\nThe software giant slides down from $258.35 to $255.81, losing $2.54 (0.98%).
\\nThe MACD line is significantly above the MACD signal line, meaning the medium-term trend might turn negative. Microsoft's upper Bollinger band at $261.88, indicating a further downward move might be next. Despite this, Microsoft reversed direction at $255.57 support zone and climbed 24 cents above it. 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.
\\nOverall, 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 Microsoft.
\\nMicrosoft has a market cap of $1.91 trillion the iconic OS developer gained 7.83% so far this year (2022). So far in 2022, it has been under-performing the Nasdaq by 5.66%.
\\n\\n
\\n\\n\\n\\n\",\"\\nMicrosoft is among the top #AI stocks to watch as Big Tech expands its artificial intelligence offerings. https://t.co/2VGAeej57S
\\n— Investors.com (@IBDinvestors) February 6, 2023
(Last update 1:56pm EST, February 6, 2023)
\\n\\nThe leading search engine company remains in the $102.88 range today, after ending Friday at $105.22 and dropping 2.22%.
\\nThe company reported earnings of 1.05 per share Thursday, falling short of expectations of 1.19. Revenue was also lower than expected at $76 billion versus $76.59 billion. Although earnings did not match projections, Google gained 1.43% since the release of its earnings report.
\\nAt $102.65, Google made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. On the other hand, note that Google might start to recover soon because it is getting close to its support line— now only $2.09 away at $100.79. Dipping below could be an indication that further losses are ahead.
\\nOverall, looking at the technical analysis landscape, it seems Google is likely to continue pointing down in the short term.
\\nGoogle's market cap is currently $1.32 trillion the leading search engine company gained 17.3% so far this year (2022). The Nasdaq has been doing worse in 2022, it has been passing it by 3.81%.
\\n\\n
\\n\\n\\n\\n\",\"\\nInside today's @Forbes Daily:
\\n
– Hot sauce made this man a billionaire
– Laid off Alphabet employees say it cut company that protects people from surveillance
– Performing at the Super Bowl halftime show can boost artists' saleshttps://t.co/RSjwapTZUB via @lcs_smythe pic.twitter.com/fPWLWqqjRS— Forbes (@Forbes) February 6, 2023
(Last update 1:56pm EST, February 6, 2023)
\\n\\nAfter closing Friday at $189.98, Elon Musk's EV company went up to $198.16 only to drop back some of the way, and is now trading at $193.96.
\\nTesla's graph levels to watch: although Tesla is green today and was as high as $198.16, it seems to be slowing down slightly and moving away from the $206.2 resistance line, and is now $12.24 below it. 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 Tesla is in an overbought condition. According to asset volatility analysis, Tesla's upper Bollinger band is at $202.27, this is a slight indication of a slowdown.
\\nOverall, while Tesla has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
\\nThe company has a market cap of $612.48 billion the trendy EV maker is up 75.74% on its yearly low ($189.92) that i hit a month ago. So far in 2022 it has been beating the Nasdaq by 62.25%.
\\n\",\"\\n(Last update 1:56pm EST, February 6, 2023)
\\n\\nThe video communications platform provider drops 2.94% early on and remains at $77.2 range.
\\nAt $77.8, Zoom made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. Zoom's upper Bollinger band at $80.59, indicating a further downward move might be next. On the other hand, note that Zoom might start to recover soon because it is getting close to its support line— now only 35 cents away at $76.85. 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.
\\nOverall, 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 Zoom.
\\nZoom is currently trading with a market cap of $22.57 billion the video communications platform provider gained 19.32% so far this year (2022). So far in 2022, it has been outperforming the Nasdaq by 5.83%.
\\n\",\"\\n(Last update 1:56pm EST, February 6, 2023)
\\n\\nCurrently light red but with no clear-cut direction, the streaming company is trading at $363.82 after ranging between $368.45 and $360.7 today.
\\nAt $364.93, Netflix made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. On the other hand, note that although Netflix is down today and was as low as $360.7, it seems to be recovering slightly and climbing away from the $356.79 support line and is now $7.03 above it.
\\nOverall, looking at the technical analysis landscape, it seems Netflix is likely to start pointing downward in the short term.
\\nThe company's market cap is $161.91 billion the streaming heavyweight gained 24.05% so far this year (2022). So far in 2022, it has performed better than the Nasdaq by 10.56%.
\\n\",\"\\n(Last update 1:31pm EST, February 6, 2023)
\\n\\nThe discount department and warehouse stores chain slides down from $141.71 to $140.34, losing $1.37 (0.96%).
\\nChart pattern study shows Walmart broke through the $140.39 support line and dropped 5 cents below it. 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 $139.18, a low enough level to, generally, suggest that Walmart is trading below its value.
\\nAll in all, the technical analysis suggests Walmart has no clear-cut direction.
\\nWalmart has a market cap of $378.48 billion the warehouse stores chain company is now trading 19.8% above its yearly low ($142.1) that it has slumped into 7 months ago. So far in 2022, it has been doing worse than the Dow Jones by 3.65%.
\\n\",\"\\n(Last update 1:31pm EST, February 6, 2023)
\\n\\nThe consumer goods company remains in the $141.25 range today, after ending Friday at $142.61 and dropping 0.96%.
\\nProcter & Gamble fell below the $141.39 support zone and receded 15 cents away from it, next resistance level is at $140.18. At $141.89, Procter & Gamble made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape, it seems Procter & Gamble is likely to continue pointing down in the short term.
\\nProcter & Gamble's market cap currently stands at $333.22 billion the year 2022 has not been the best for the consumer goods corporation, it lost 5.91% of its value. So far in 2022, it has been under-performing the Dow Jones by 8.24%.
\\n\",\"\\n(Last update 1:31pm EST, February 6, 2023)
\\n\\nThe entertainment and content production company drops 1.45% early on and remains at $109.11 range.
\\nWalt Disney is scheduled to announce earnings results Wednesday. The consensus EPS estimate is 0.69 and the consensus revenue estimate is $21 billion.
\\nAt $109.88, Walt Disney made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. In contrast, after reaching the $108.64 support zone, Walt Disney bounced and climbed 47 cents above it.
\\nOverall, looking at the technical analysis landscape, it seems Walt Disney is likely to start pointing downward in the short term.
\\nWalt Disney has a market cap of $198.96 billion the entertainment and content production company is now trading 31.53% above its yearly low ($110.43) that it has slumped into a month ago. So far in 2022 it has been beating the Dow by 22.11%.
\\n\",\"\\n(Last update 1:31pm EST, February 6, 2023)
\\n\\nSmall gain for Coca-Cola at $60.24 after ranging between $59.75 and $60.34 today.
\\nMedium-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. Despite this, Coca-Cola could be slowing down soon; it is getting close to the resistance line and is now at $60.42, only 18 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
\\nOverall, looking at the technical analysis landscape, it seems Coca-Cola might continue pointing upwards in the short term.
\\nThe company has a market cap of $260.51 billion the year 2022 has not been the best for the soft drink company, it lost 4.96% of its value. So far in 2022, it has been under-performing the Dow by 7.29%.
\\n\",\"\\n(Last update 1:31pm EST, February 6, 2023)
\\n\\nThe pharmaceuticals and biotechnology company slides down from $44.06 to $43.88, losing 17.81 cents (0.4%).
\\nAt $44, Pfizer made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. Despite this, Pfizer broke through the $43.83 support line and dropped 5 cents below it. The Relative Strength Index has gone below 30, going into oversold conditions and allowing more gains.
\\nOverall, looking at the technical analysis landscape, it seems Pfizer is likely to continue pointing down in the short term.
\\nPfizer has a market cap of $246.32 billion the year 2022 has not been the best for the pharmaceuticals and biotechnology company, it lost 14.05% of its value. So far in 2022, it has been under-performing the Dow by 16.38%.
\\n\",\"\\n(Last update 1:31pm EST, February 6, 2023)
\\n\\nSmall gain for McDonald's at $267.87 after ranging between $264.36 and $267.9 today.
\\nAt $266.4, McDonald's made an initial breakout above 5 day Simple Moving Average, an indication of a positive trend. On the other hand, note that McDonald's could be slowing down soon; it is getting close to the resistance line and is now at $267.47, only 39 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
\\nExamining the technical analysis landscape, McDonald's might continue its downtrend in the short term.
\\nThe company's market cap is $196.19 billion the fast food company is now trading 5.09% below its yearly high ($267.9) that it held 2 months ago. So far in 2022, it has been under-performing the Dow by 2.37%.
\\n\",\"\\n(Last update 1:31pm EST, February 6, 2023)
\\n\\nAfter dipping down to $22,735, Bitcoin regains earlier losses and reaches $23,055.
\\nOn the other hand, note that Bitcoin could be slowing down soon as it approaches resistance at $23,400. Of course, crossing it might suggest further gains are ahead.
\\nBitcoin is currently trading with a market cap of 444.58 billion Bitcoin gained 38.17% so far this year (2022).
\\n\\n
\\n\\n\\n\\n\",\"\\nBitcoin struggles around $23,000 level as new-year rally loses steam https://t.co/LjYdt6ZPtr
\\n— CNBC (@CNBC) February 6, 2023
(Last update 1:31pm EST, February 6, 2023)
\\n\\nCurrently light green but with no clear-cut direction, CME Gold is trading at $1,879.4 per ounce after ranging between $1,894 and $1,873.2 today.
\\nGold's lower Bollinger band is at $1,860.57, indicating further gains might be next. In contrast, Gold could be slowing down soon; it is getting close to the resistance line and is now at $1,899.43, only $20.03 away. Crossing the resistance line could, however, suggest that further gains are ahead.
\\nExamining the technical analysis landscape, CME Gold might continue its downtrend in the short term.
\\nGold has gained 11.29% over the last 2 months.
\\n\\n
\\n\\n\\n\\n\",\"\\nWorld’s top gold miner offers $17bn for rival https://t.co/9QZtZ0SCOQ
\\n— Financial Times (@FT) February 6, 2023
(Last update 1:31pm EST, February 6, 2023)
\\n\\nWest Texas crude is trading at $73.86 per barrel with no clear-cut direction, ranging between $74.41 and $72.25.
\\nAs the day reaches an end a chart visual study suggests WTI crude oil is climbing away and is now $2.2 from the $71.66 support line. 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. Analysis based on the asset volatility indicates that WTI crude's lower Bollinger band is at $73.71, indicating a positive move might be next.
\\nOverall, the technical analysis picture suggests WTI crude is neutral for the immediate future, with no clear-cut direction.
\\nWTI crude oil has lost 20.75% over the last 2 months.
\\n\",\"\\n(Last update 1:31pm EST, February 6, 2023)
\\n\\nEuro-Dollar slides down from 1.0797 to 1.0719 today, losing 77 pips (0.72%).
\\nAt 1.0724, Euro-Dollar made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend. 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. The Euro shows signs that further losses might be next, as it crossed the lower Bollinger band at 1.074 On the other hand, note that "Hammer”, when it appears on top of a bearish overall trend, as it is now, some traders would consider this as an indication of a trend reversal.
\\nOverall, looking at the technical analysis landscape, it seems Euro-Dollar is likely to start pointing downward in the short term.
\\nThe Euro has gained 8.79% over the last 2 months.
\\n\",\"\\n(Last update 2:11pm EST, February 6, 2023)
\\n\\nGBP/USD slides down from 1.2056 to 1.2034 today, losing 22 pips (0.19%).
\\nThe MACD line is significantly below the MACD signal line, meaning this medium-term trend might turn positive. Bollinger bands shows an indication of recovery: the lower band is at 1.2046, a low enough level to, generally, suggest that Sterling-Dollar is trading below its value. Despite this, 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.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions it seems the British Pound might reverse course and start pointing upward in the short term.
\\nThe British Pound is now trading 18.42% above its yearly low (1.2077) that it has slumped into 4 months ago.
\\n\",\"\\n(Last update 2:11pm EST, February 6, 2023)
\\n\\nHesitant but green: from an earlier low of 131.15, Dollar/Yen is up to 132.51 today, gaining 135 pips compared to the 131.15 at the end of Friday's session (1.03%).
\\nA chart visual study suggests Dollar/Yen flirting with the 132.27 immediate resistance line. In terms of trend indicators, we can see that at 131.98, Dollar/Yen 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. 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. 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 132.11 – a high enough level to usually suggest Dollar/Yen is trading above its value.
\\nOverall, while Dollar/Yen has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
\\n3 months ago Dollar/Yen has hit its yearly high point of 132.9, since than it lost 12.63%.
\\n\\n
\\n\\n\\n\\n\",\"\\nRising yields put a bid into USD/JPYhttps://t.co/jkjfI0t7ck
\\n— ForexLive (@ForexLive) February 6, 2023
(Last update 2:11pm EST, February 6, 2023)
\\n\\nLight green, mostly flat: Dollar-Swiss ranging between 0.9291 and 0.9222 and is now at 0.9274.
\\nDollar-Swiss reversed direction at 0.928 resistance zone and retreated back 5 pips below it. Although up today, it's worth noting that earlier Dollar-Swiss dropped below the 50 day Simple Moving Average as it was trading at 0.9248, usually an indication that a negative trend is ahead. Dollar-Swiss's upper Bollinger band is at 0.9298, this is a slight indication of a slowdown. In contrast, 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.
\\nOverall, looking at the technical analysis landscape, it seems like a reverse of course (in the short term) might be next for Dollar-Swiss.
\\nDollar-Swiss is now trading 1.87% above its yearly low (0.9291) that it has slumped into 5 days ago.
\\n\",\"\\n(Last update 2:11pm EST, February 6, 2023)
\\n\\nAfter a mostly steady day, Aussie-Dollar loses 32 pips late into the session, trading at 0.6892.
\\nThe MACD line is significantly below the MACD signal line, meaning this medium-term trend might turn positive. Bollinger bands shows an indication of recovery: the lower band is at 0.6851, a low enough level to, generally, suggest that the Australian dollar is trading below its value. "Hammer”, when it appears on top of a bearish overall trend, as it is now, some traders would consider this as an indication of a trend reversal. Despite this, at 0.6872, Aussie-Dollar made an initial breakout below the 50 day Simple Moving Average, an indication of a negative trend.
\\nOverall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions it seems Aussie-Dollar might reverse course and start pointing upward in the short term.
\\n3 months ago the Australian dollar has hit its twelve month low point of 0.6857, since than it recovered back 11.44%.
\\n\\n\"],\"title\":\"Financial Markets Review – 6 February 2023 – 14:12:07\",\"date\":\"2023-02-06T19:12:07\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }