$DOV very resilient to market weakness, after breaking out of its cup and handle pattern. you wouldn't find many large cap name like this still sitting above its 10MA right now. Up/Down Volume Ratio 140%
$CFLT bounced off a significant price support, an area of value with significant buying interest. this would be the 3rd time $58 held through the 3 period of market weakness (Oct'21, Dec'21 and now)
$ZS supported on 10/20MA crossover, along with AVWAP from high. significant day as it will be contesting a rising 50DMA again this week at $332.55. relative weakness is displayed on RS's 50MA against price 50MA.
$QCOM setup on both daily and weekly displays a pretty HTF with 50DMA / 10WMA catching up to its current consolidation. this is one of the few semicon setup that have not rallied beyond its ATH this week
$MF got chopped out once in earlier in december. current price action remains constructive and tight (volatility on ATR contunue to tread lower),along with a longer term cup and handle pattern. looking to challenge AVWAP low again ($4.50)
$SUM reflected intraday RS, wriggling out of its downtrend line. it is one of the few names with a price action supported on its rising 50MA during the December market weakness.
The big story on the emergence of a new strain of COVID-19 in South Africa caused Wall Street’s three main indices ($SPX, $NDX, $RUT) to tumbled on Friday as they re-opened after Thursday’s Thanksgiving holiday with energy, financial and travel-related stocks bearing the brunt of the selloff. The renewal or pandemic fear has outlined as the biggest risk to today’s...
US markets will be closed on Thursday and will close early on Friday for the Thanksgiving holiday. The market will be paying close attention to Wednesday’s FOMC meeting minutes for fresh insights into the impact of soaring inflation on the future path of interest rates. Markets may also reprice the timing of future rate hikes if President Joe Biden were to...
As U.S. inflation has surged to the highest level in over thirty years, inflation is likely to remain in focus in the coming week with investors looking ahead to the latest U.S. monthly retail sales figures along with earnings results from major retailers, including $WMT (Walmart). With $SPX (S&P 500) erasing its weekly losses from Friday’s late week rally, the...
As U.S. inflation has surged to the highest level in over thirty years, inflation is likely to remain in focus in the coming week with investors looking ahead to the latest U.S. monthly retail sales figures along with earnings results from major retailers, including $WMT (Walmart). With $SPX (S&P 500) erasing its weekly losses from Friday’s late week rally, the...
With major U.S. indices – S&P 500 $SPX, NASDAQ Composite $NDX, and Dow Jones Industrial Average $DJI – all at all-time high closes, market optimism will be tested from all sides this week, as a slew of corporate earnings, non-farm payrolls, and a Fed meeting that is expected to signal the start of QE tapering. Here’s what you need to know to start your week. The...
It is a relatively busy week ahead in the US on the economic data front. This Tuesday’s U.S. inflation numbers could help dictate market direction in the coming week amid concerns that persistent rising inflation could prompt the Fed to roll back emergency stimulus measures. The timing of when central banks choose to scale back economic stimulus has been a key...
All eyes will be on Federal Reserve’s annual Jackson Hole symposium’s speech by Fed’s Chairman Powell on Friday, with investors hoping for indications on when the Fed will begin tapering the monetary stimulus that has powered stocks to record highs since the COVID-19 pandemic. The economic calendar also features a string of economic data, including US personal...
Investors will be waiting for the FOMC minutes due Wednesday for further clarification on the next monetary policy steps to direct the market in the week ahead. At its July meeting, the Federal Reserve left monetary policy unchanged, but said asset purchases could start being reduced soon amid signs of a solid recovery in the US labor market and temporary...
With U.S. CDC (Centers for Disease Control and Prevention) reversing its stance on mask for vaccinated people amid the resurgence of the coronavirus pandemic, Investors will be watching closely on the main U.S. economic data reports on consumer and producer price inflation for any potential scale back of stimulus by the Federal Reserve. Several Fed officials are...
$UONEK pivoted from its $3.50 support level, surging with a +17.73% intraday action which exceeded beyond its 3-months average implied volatility over 60%. Its price peak of the year was traded just two weeks ago, establishing a high of $5, and closing at $4.60. 52 weeks high of $UONEK was last traded at $6.84, on 17th June 2020. This price level is currently...
$ASO navigated out of its consolidated price pattern with a resurgent of its uptrend coupled high sessional volume, rallying up +15% this month (April). $ASO was previously whipsawing along its 20DMA over the course of 7 weeks since the start of February. $ASO is currently trading at $32.70, merely a dollar away from its all time high. At the current junction...