\\n

Yesterday at a glance: Nasdaq trades at 16,379, after ending yesterday at 16,400.

\\n

This in-between state for the Nasdaq is reflected by market data published as United States Chicago PMI (Mar) comes out at 41.4, while the projection was 45.9. United States GDP beat the 3.2 projections, with 3.4. United States Initial Jobless Claims beat expectations of 212,000 with their new data release of 210,000.

\\n

\\n

Medium-term trend indication has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line crosses above the MACD signal line. The 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. The Nasdaq's upper Bollinger band is at 15,700, a sign that possible gains might be next In contrast, the MACD line is significantly above the MACD signal line, meaning the medium-term trend might turn negative. The Relative Strength Index shows the Nasdaq has gone up above 70, going into overbought territory.

\\n

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

\\n

While the Nasdaq was pretty flat yesterday, mixed performances were seen elsewhere as ASX 200 added 0.99% to its value, and traded at 7,897. Hang Seng went up by 0.91% yesterday, and closed at 16,541.

\\n

\\n

Data to be released later might clear up some of the fog for the Nasdaq as United States Core PCE Price Index (MoM) (Feb) is scheduled for today at 12:30 UTC. United States Core PCE Price Index (YoY) (Feb) scheduled to come out today at 12:30 UTC. United States Fed Chair Powell speech is expected today at 15:30 UTC.

\\n

\\n\",\"\\n

The Dow​ closed at 39,800​ after gaining 0.12%​ yesterday​

\\n

(Last update 12:32am EST, March 29, 2024)

\\n

\\n

A quick look at yesterday: Dow Jones is up to 39,800 today, which makes for a move of 0.12%/39.92 points.

\\n

Medium-term trend indication has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line crosses above the MACD signal line. The 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. The Dow has crossed the upper Bollinger band at 38,674, a sign that possible further gains might be next.

\\n

Examining the technical analysis landscape, the Dow Jones might continue its downtrend in the short term.

\\n

5 months ago the Dow has hit its twelve month low point of 39,717, since than it recovered back 22.65%.

\\n\",\"\\n

The S&P​ closed at 5,254.35​ after gaining 0.11%​ yesterday​

\\n

(Last update 12:32am EST, March 29, 2024)

\\n

\\n

Yesterday at a glance: after closing the previous trading day at 5,248.49, the S&P is up to 5,254.35, which makes for a move of 0.11%/5.86 points today.

\\n

Medium-term trend indication has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line crosses above the MACD signal line. The 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. The S&P has crossed the upper Bollinger band at 5,001, a sign that possible further gains might be next. In contrast, the MACD line is significantly above the MACD signal line, meaning the medium-term trend might turn negative. The Relative Strength Index shows the S&P 500 has gone up above 70, going into overbought territory.

\\n

Overall, looking at the technical analysis landscape, it seems the S&P 500 likely to continue pointing upward in the short term.

\\n

The S&P has gained 9.72% over the last 2 months.

\\n\",\"\\n

Apple traded at $171.48, down by 1.06% when the session closed

\\n

(Last update 12:32am EST, March 29, 2024)

\\n

\\n

A quick look at yesterday: the mobile and tech colossus remained in the $171.48 range, after closing Wednesday at $173.31 and dropping by 1.06% yesterday. The trading volume was 64.57 million — below the daily average of 73.72 million.

\\n

Important graph levels to look out for: Apple flirting with the $170.6 immediate support line. Trend indicators show us that the MACD line is significantly above the MACD signal line, meaning the medium-term trend might turn negative. Analysis based on the asset volatility indicates that Bollinger bands shows an indication of recovery: the lower band is at $167.64, a low enough level to, generally, suggest that Apple is trading below its value. 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

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

\\n

The company has a market cap of $2.65 trillion the mobile and tech colossus is now trading 12.52% below its yearly high ($172.23) that it held 3 months ago. So far in 2022, it has been under-performing the Nasdaq by 4.79%.

\\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 retracted $1.32 from 2 years high and trades at $180.38

\\n

(Last update 12:32am EST, March 29, 2024)

\\n

\\n

Amazon rallied to $181.7, hitting its highest point in 2 years; it later lost $1.32 and closed at $180.38.

\\n

A chart visual study suggests Amazon might start to recover soon because it is getting close to its support line— now only $1.19 away at $179.19. Dipping below could be an indication that further losses 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, Amazon's upper Bollinger band is at $181.73, indicating a downward move might be next.

\\n

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

\\n

The company has a market cap of $1.87 trillion the tech and retail multifaceted giant has gained 30.03% over the last 5 months. So far in 2022 it has been beating the Nasdaq by 11.69%.

\\n\",\"\\n

After five days of going down, Microsoft was mostly flat yesterday and closed at $420.72.

\\n

(Last update 12:42am EST, March 29, 2024)

\\n

\\n

Yesterday at a glance: the software giant slid down from $421.43 to $420.72, taking a 0.17% loss yesterday. The trading volume was 21.71 million, around the average daily.

\\n

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. On the other hand, note that Microsoft might start to recover soon because it is getting close to its support line— now only $2.9 away at $417.82. Dipping below could be an indication that further losses are ahead.

\\n

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

\\n

Microsoft's market cap currently stands at $3.13 trillion the iconic OS developer is now trading 1.85% below its yearly high ($421.87) that it held 8 days ago. So far in 2022, it has been outperforming the Nasdaq by 3.29%.

\\n\",\"\\n

A slow down? After three days of going up, Google was flat yesterday, hovering around $152.26.

\\n

(Last update 12:42am EST, March 29, 2024)

\\n

\\n

Yesterday at a glance: a mostly flat day for Google as it ranged between $152.67 and $151.33 and closed at $152.26. The trading volume was 20.97 million which is below the daily average of 25.83 million.

\\n

Despite this, Google might start to recover soon because it is getting close to its support line— now only $1.51 away at $150.75. Dipping below could be an indication that further losses are ahead.

\\n

Google has a market cap of $1.89 trillion the leading search engine company is now trading 49.96% above its yearly low ($152.67) that it has slumped into a year ago. So far in 2022, it has performed better than the Nasdaq by 6%.

\\n\",\"\\n

Tesla dropped by 2.25% and closed the session at $175.79

\\n

(Last update 12:42am EST, March 29, 2024)

\\n

\\n

Yesterday at a glance: the trendy EV maker remained in the $175.79 range, after closing Wednesday at $179.83 and dropping by 2.25% yesterday. The trading volume was slightly below the latest 21 day average volume at 76.89 million (81% of average).

\\n

Despite this, Tesla might start to recover soon because it is getting close to its support line— now only $1.59 away at $174.2. Dipping below could be an indication that further losses are ahead.

\\n

The company's market cap is $559.85 billion the trendy EV maker is now trading 38.7% below its yearly high ($179.57) that it held 8 months ago. So far in 2022, it has been doing worse than the Nasdaq by 13.74%.

\\n\",\"\\n

Zoom dropped by 1.88% and closed the session at $65.37

\\n

(Last update 12:42am EST, March 29, 2024)

\\n

\\n

A quick look at yesterday: Zoom shed 1.88%, falling to $65.37. Trading volume (2.49 million) was slightly below the latest 21 day average volume by 83%.

\\n

Zoom's upper Bollinger band at $69.67, indicating a further downward move might be next. Despite this, Zoom might start to recover soon because it is getting close to its support line— now only 54 cents away at $64.83. Dipping below could be an indication that further losses are ahead.

\\n

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

\\n

The company's market cap is $20.11 billion the video communications platform provider has lost 13.72% over the last 2 months. So far in 2022, it has been under-performing the Nasdaq by 5.8%.

\\n\",\"\\n

Netflix dropped by 1% and closed the session at $607.33

\\n

(Last update 12:42am EST, March 29, 2024)

\\n

\\n

Yesterday at a glance: the streaming company dropped 1% early on and stayed at the $607.33 range. Trading volume (3.67 million) was slightly greater than the latest 21 day volume average by 121%.

\\n

Although Netflix is pointing down today (was as low as $601.59), it's climbing away from the $600.95 support line and is now $6.38 above it. Bollinger bands shows an indication of recovery: the lower band is at $593.86, a low enough level to, generally, suggest that Netflix is trading below its value.

\\n

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

\\n

Netflix's market cap is currently $262.83 billion 3 days ago the streaming company has hit its yearly high point of $615, since than it lost 2.57%. So far in 2022, it has been outperforming the Nasdaq by 5.85%.

\\n\",\"\\n

Walmart traded at $60.17, down by 0.91% when the session closed

\\n

(Last update 12:41am EST, March 29, 2024)

\\n

\\n

A quick look at yesterday: the warehouse stores chain company remained in the $60.17 range, after closing Wednesday at $60.72 and dropping by 0.91% yesterday. The trading volume was 11.17 million — below the daily average of 17.55 million.

\\n

Walmart might start to recover soon because it is getting close to its support line— now only 21 cents away at $59.96. Dipping below could be an indication that further losses are ahead. Bollinger bands shows an indication of recovery: the lower band is at $59.61, a low enough level to, generally, suggest that Walmart is trading below its value.

\\n

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

\\n

The company has a market cap of $484.54 billion the warehouse stores chain company is now trading 65.47% below its yearly high ($60.76) that it held a month ago. The Dow has been doing worse in 2022, it has been passing it by 29.83%.

\\n\",\"\\n

Procter & Gamble erases gains after rallying beyond $163.13 for the first time in 1 year, closing at $162.25

\\n

(Last update 12:41am EST, March 29, 2024)

\\n

\\n

Procter & Gamble rallied to $163.13 for the first time in 1 year (gaining 36 cents). It later dropped, erased yesterday’s gains and closed at $162.25.

\\n

Procter & Gamble's upper Bollinger band at $163.18, indicating a further downward move might be next. In contrast, Procter & Gamble might start to recover soon because it is getting close to its support line— now only 66 cents away at $161.59. Dipping below could be an indication that further losses are ahead.

\\n

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

\\n

The company's market cap is $381.78 billion the consumer goods corporation has gained 6.56% over the last 2 months. The Dow Jones has been doing worse in 2022, it has been passing it by 5.12%.

\\n\",\"\\n

Walt Disney rallied beyond $123.74 for the first time in 1 year

\\n

(Last update 12:41am EST, March 29, 2024)

\\n

\\n

After having closed Wednesday at $121, the entertainment and content production company rallied above $123.74 yesterday, for the first time in 1 year — gaining $1.36 — and closed at $122.36.

\\n

A chart visual study suggests after reaching the $123.67 resistance zone, Walt Disney retreated $1.31 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 Walt Disney is in a strong overbought condition. Analysis based on the asset volatility indicates that Walt Disney's upper Bollinger band is at $122.89, this is a slight indication of a slowdown.

\\n

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

\\n

Walt Disney is currently trading with a market cap of $224.44 billion the entertainment giant gained 36.29% so far this year (2022). So far in 2022, it has performed better than the Dow Jones by 36.28%.

\\n\",\"\\n

Coca-Cola closed at $61.18 yesterday, after four straight days of gains

\\n

(Last update 12:41am EST, March 29, 2024)

\\n

\\n

Yesterday at a glance: Coca-Cola closed at $61.18 yesterday after ranging between $61.26 and $61. The trading volume was 8.60 million, which is below the daily average of 14.56 million.

\\n

Chart pattern study shows Coca-Cola could be slowing down soon as it approaches resistance at $61.29. Of course, crossing it might suggest 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. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $61.43 – a high enough level to usually suggest Coca-Cola is trading above its value.

\\n

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

\\n

The company's market cap is $263.84 billion the soft drinks giant is now trading 16.51% above its yearly low ($61.26) that it has slumped into 5 months ago. So far in 2022 it has been beating the Dow Jones by 2%.

\\n\",\"\\n

Steady Pfizer holds at $27.75

\\n

(Last update 12:41am EST, March 29, 2024)

\\n

\\n

Yesterday at a glance: although Pfizer increased from $27.78 to $28.12, the stock dropped back and is now priced at $27.75. Trading volume (39.79 million) was slightly below the latest 21 day average volume by 84%.

\\n

A chart visual study suggests Pfizer might start to recover soon because it is getting close to its support line— now only 14 cents away at $27.61. Dipping below could be an indication that further losses are ahead.

\\n

Pfizer is currently trading with a market cap of $156.70 billion the multinational pharma juggernaut lost 53.06% over the last twelve month. So far in 2022, it has been doing worse than the Dow by 20.59%.

\\n\",\"\\n

McDonald's holds at $281.95

\\n

(Last update 12:56am EST, March 29, 2024)

\\n

\\n

A quick look at yesterday: McDonald's closed at $281.95 with no clear-cut direction and ranged between $283.38 and $281.25. Trading volume (3.37 million) was slightly greater than the last 21 day average by 104%.

\\n

Important graph levels to look out for: McDonald's might start to recover soon because it is getting close to its support line— now only 94 cents away at $281. Dipping below could be an indication that further losses are ahead.

\\n

The company has a market cap of $203.58 billion 2 months ago the fast food giant has hit its yearly high point of $283.38, since than it lost 6.16%. So far in 2022, it has been under-performing the Dow by 2.16%.

\\n\",\"\\n

Bitcoin ended the previous session at $70,800, currently trades at $70,348

\\n

(Last update 12:56am EST, March 29, 2024)

\\n

\\n

Light red, mostly flat: Bitcoin is ranging between $70,942 and $70,249 and is now at $70,348.

\\n

Bitcoin chart analysis: the nearest support level is at $67,700, to be followed by $66,324.

\\n

Bitcoin is currently trading with a market cap of 1.38 trillion hitting its yearly low ($70,249) 9 months ago, Bitcoin has bounced back 181.73% since.

\\n\",\"\\n

Gold hits fresh record high at $2,257

\\n

(Last update 12:56am EST, March 29, 2024)

\\n

\\n

After closing at $2,238.4 Wednesday, Gold gained $16.4 yesterday and hit a new record high of $2,257.

\\n

A chart visual study suggests Gold could be slowing down soon as it approaches resistance at $2,272. Of course, crossing it might suggest 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 CME Gold is in an overbought condition, keep an eye out for slowdown of gains. Analysis based on the asset volatility indicates that Gold's upper Bollinger band is at $2,239, this is a slight indication of a slowdown.

\\n

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

\\n

A day ago Gold has hit its yearly high point of $2,257, since than it lost 0.73%.

\\n\",\"\\n

Steady WTI crude oil holds at $83.11 per barrel

\\n

(Last update 12:56am EST, March 29, 2024)

\\n

\\n

Yesterday at a glance: US crude oil closed a flat day of trading at $83.11 per barrel yesterday after ending Wednesday at $83.17.

\\n

At $81.63, WTI crude oil made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. US crude oil's upper Bollinger band is at $84, indicating a downward move might be next. Despite this, US crude oil might start to recover soon because it is getting close to its support line— now only $2.19 away at $80.92. Dipping below could be an indication that further losses are ahead.

\\n

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

\\n

West Texas crude gained 27.79% so far this year (2022).

\\n\",\"\\n

The Euro slips to 1.0777 (down 15 pips) after ending the previous session at 1.0793.

\\n

(Last update 12:56am EST, March 29, 2024)

\\n

\\n

The Euro is sliding down from 1.0793 to 1.0777, taking a 15 pips loss (0.15%) today.

\\n

The Euro chart analysis: the Euro fell below the 1.0783 support zone and receded 5 pips away from it, next resistance level is at 1.078. 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 1.0771, a low enough level to, generally, suggest that the Euro is trading below its value.

\\n

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

\\n

The Euro has lost 67.55% over the last 2 months.

\\n\",\"\\n

After 11 days of going down, Sterling-Dollar has no clear-cut direction today, trading around 1.2622

\\n

(Last update 1:11am EST, March 29, 2024)

\\n

\\n

Light red, mostly flat: GBP/USD is ranging between 1.2631 and 1.2614 and is now at 1.2622.

\\n

The Pound flirting with the 1.2619 immediate support line. Although down today, it's worth noting that in earlier trading the Pound peaked above the 1.263 3 day Simple Moving Average, usually an indication that a positive move might be approaching. Bollinger bands shows an indication of recovery: the lower band is at 1.2546, a low enough level to, generally, suggest that the Pound is trading below its value.

\\n

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

\\n

The British Pound has gained 157.36% over the last 5 months.

\\n\",\"\\n

After three days of going down, Dollar/Yen is stable today, trading around 151.29

\\n

(Last update 1:11am EST, March 29, 2024)

\\n

\\n

Dollar/Yen falls to 151.29, following mixed behavior today as it ranges between 151.17 and 151.5.

\\n

At 151.4, Dollar/Yen made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.

\\n

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

\\n

Dollar/Yen has gained 5.15% over the last 2 months.

\\n\",\"\\n

After five days of going down, Dollar-Swiss has no clear-cut direction today, trading around 0.9023

\\n

(Last update 1:11am EST, March 29, 2024)

\\n

\\n

Dollar-Swiss posts light gains on a low-volatility day, ranging between 0.903 and 0.8997 and is now at 0.9023.

\\n

Visual analysis of Dollar-Swiss's price graph shows Dollar-Swiss broke through the 0.9016 resistance and climbed above it 6 pips; next resistance level is at 0.9017. Trend indicators show us that at 0.9016, Dollar-Swiss made an initial breakout above 3 day Simple Moving Average, an indication of a positive trend. Momentum evaluation shows that the Relative Strength Index indicates Dollar-Swiss is in an overbought condition, keep an eye out for slowdown of gains. According to asset volatility analysis, a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at 0.9087 – a high enough level to usually suggest Dollar-Swiss is trading above its value.

\\n

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

\\n

Dollar-Swiss has gained 114.68% over the last 2 months.

\\n\",\"\\n

After five days of going down, Aussie-Dollar has no clear-cut direction today, trading around 0.6512

\\n

(Last update 1:11am EST, March 29, 2024)

\\n

\\n

Aussie-Dollar is sliding down from 0.6518 to 0.6512, taking a 6 pips loss (0.1%) today.

\\n

Bollinger bands shows an indication of recovery: the lower band is at 0.6485, a low enough level to, generally, suggest that the Australian dollar is trading below its value.

\\n

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

\\n

Aussie-Dollar has lost 86.85% over the last 2 months.

\\n\\n\"],\"title\":\"Financial Markets Review\",\"date\":\"2024-03-29T05:11:28\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }