Stock Markets

Technical Analysis – US 500 cash index on the brink of a bearish move

US 500 index is trading sideways amidst key market events It failed to record a new 2023 high, denting bullish sentiment Momentum indicators point to increasing bearish pressure The US 500 cash index is trying to record a green candle today as it trades in the busy 4,533-4,550 area. The aggressive move from the October 27 low appears to have run out of steam, especially after the US 500 index failed to record a new 2023 high, above the July 27, 2023 high of 4,607. The current bull
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Nvidia in a steady decline since its record high In November But the 50-day SMA curbs the retreat for now Momentum indicators are turning negative Nvidia has been the best performing stock of the S&P 500 in 2023, storming to a fresh record peak of 505.00 on November 20. Although the price has been experiencing a downside correction since then, the 50-day simple moving average (SMA) seems to be acting as a strong floor in the near term.
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US 30 index in the red after recording a new 22-month high Aggressive move higher from the October lows Some early signs of rally exhaustion from the momentum indicators The US 30 cash index is trying to record its second consecutive red candle after registering a new 22-month high, 12% higher from the late October lows. It is currently battling with the October 13, 2022 upward sloping trendline with the bulls possibly taking a breather and preparing for the next eventful trading p

Technical Analysis – AMD stock eases from a 5-month high

AMD stock jumps to its highest since June Despite a consolidation, momentum indicators remain tilted to the upside Positively charged SMAs brighten the outlook AMD’s stock has staged a solid rally since late October, crossing above both its 50- and 200-day simple moving averages (SMAs). In the last week, the shares stormed to a fresh five-month peak before paring some gains, but both the RSI and MACD are indicating that bulls continue to hold the upper hand.

Technical Analysis – US 500 consolidates near 4-month highs

US 500 index trades sideways after posting fresh 4-month peak       Momentum indicators approach their overbought zones Risk of a downside correction is increasing The US 500 stock index (cash) has been staging an impressive rally since it bottomed out in October, piercing through the descending trendline that connects its recent lower highs.
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Earnings season halts corporate profits recession, year-end rally in sight? - Stock Markets

Q3 financial results put an end to the earnings contraction streak Profit margins improve but real revenue suffers US indices look expensive as markets price in the perfect scenario Solid earnings season with some asterisks As the vast majority of US companies have revealed their Q3 financials, it is safe to draw some conclusions about the health of the corporate world.
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Does the Santa Claus rally really exist?

US equities exhibit a strongly positive year-end performance post-Thanksgiving FX pairs do not follow a specific pattern in the examined period Gold and USDJPY rally every time the Thanksgiving holiday falls on November 23 We are nearing the end of another trading year and the newswires are crammed with stories about the famous Santa Claus rally.
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Technical Analysis – US 100 eases after reaching almost 2-year high

US 100 posts a sharp upside rally MACD extends its bullish move but RSI ticks down The US 100 (Cash) index rebounded off a five-month low of 14,050 on October 26, sending the price towards an almost two-year high of 16,064. The index is creating the fourth straight green week and is travelling well above the medium-term descending channel. The latest flat movement in the RSI is discouraging, but the indicator is still in the overbought area.
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Technical Analysis – Microsoft stock posts fresh all-time high

Microsoft storms to a new all-time high on Monday Momentum indicators are within their overbought zones Suggesting elevated possibility of a correction Microsoft’s shares have been in a steady advance since their September bottom of 309.35, generating a series of new record highs in the last few sessions. Given that the short-term oscillators are hinting at overbought conditions, traders should be aware of the increasing risks of a pullback.
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Technical Analysis – JP225 cash index bears show signs of life

JP225 cash index dips lower after strong upmove Bulls still focused οn testing the June 16, 2023 high Momentum indicators show some early signs of trend reversal The JP225 cash index is trading lower again today as the bulls appear to be taking a breather from the recent strong rally. The JP225 is still around 10% higher than the end-of-October low of 30,380 and not far from the all-time high of 34,006. In the meantime, the momentum indicators are probably showing some early sig
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Technical Analysis – US 500 index reclaims 4,500, threatening September highs

US 500 stock index posts fresh 2½ -month high But advance seems to be taking a breather Momentum indicators approach their overbought zones The US 500 stock index (cash) has been staging an aggressive rally since it bottomed out in late October, piercing through the descending trendline that connects its recent lower highs. However, the uptrend appears to be on hold in the last few sessions as the short-term oscillators have approached overbought levels.
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Nvidia set for stellar earnings report; focus on guidance – Stock Markets

Nvidia earnings to be released after market close on November 21 Both earnings and revenue expected to skyrocket Stock price trades near all-time high; is there more upside? The AI darling Nvidia is by far the best performing stock in both the Nasdaq 100 and S&P 500 indices in 2023, with its price enjoying a massive rally on the back of the Artificial Intelligence (AI) mania.
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Technical Analysis – US 30 index continues the upside rally near 35,000

US 30 holds above 61.8% Fibo and SMAs RSI and stochastic suggest bearish correction in near term Only a move above 35,985 would shift broader bias to positive The US 30 (Cash) index has advanced considerably after the bounce off the 32,320 support level, overcoming the 200-day simple moving average (SMA) and the shorter-term SMAs. Notably, the price is rallying well above the 61.8% Fibonacci retracement level of the down leg from 35,685 to 32,320 at 34,400 but with weaker momentum
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Technical Analysis – US 500 index snaps downtrend

The US 500 index breaks downtrend after amazing rally Short-term bias bullish, but overbought conditions evident The US 500 stock index (cash) enjoyed its fastest daily rally (+2%) in a year on Tuesday, successfully scraping off the aggressive sell-off that started on September 15th to trade around 4,500 again. The latest bullish explosion indicates that the price will continue to rise as it is significantly above the descending trendline from July and its simple moving average
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Technical Analysis – Nvidia stock set to test all-time high ahead of earnings

Nvidia in a steady advance month-to-date Aims to revisit its record high as earnings call draws closer Momentum indicators are just shy of their overbought marks Nvidia has been the best performing stock of the S&P 500 in 2023, gaining around 250% before experiencing a downside correction. However, the price has regained traction following its bounce off the five-month bottom of 392.00 in late October, with the bulls eyeing the all-time high of 497.80. Should the price extend
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US 100 cash index edges higher today, tests September highs It has decisively broken above the July 19, 2023 trendline Momentum indicators remain mostly bullish The US 100 cash index is trying to record a green candle today as it tests the September highs. It has recorded an impressive rally from the October 26, 2023 low with the bulls decisively breaking the July 19, 2023 descending trendline and cancelling out the developing bearish pattern of lower lows and lower highs.
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JP 225 index trades sideways after strong advance pauses Remains supported by the 50-day SMA and descending trendline Momentum indicators suggest more gains in the near term The JP 225 index (cash) stormed higher after validating a double bottom pattern around the 30,400 region in late October. Although the price jumped to its highest level since September 20, it has been rangebound since then appearing unable to extend its advance.
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Technical Analysis – Next leg in US 500 cash index could be critical

US 500 cash index trades sideways after recent upleg Strong rebound from late-October lows amidst key market events Mixed momentum indicators complicate the short-term outlook The US 500 cash index is trying to record a green candle today as it trades between the 50- and 100-day simple moving averages (SMAs). It currently stands around 7% higher than the October 27 low with the rally stopping, potentially temporarily, a tad below the previous peak recorded on October 12. Thus, the
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US 30 index edges higher, a tad below a key support area The current higher high broke a significant bearish pattern Momentum indicators appears to be less bullish after the strong rally The US 30 cash index is trying to record its second consecutive green candle as it trades around 6% higher than the October 27 low of 32,324. It has been an impressive bullish reaction that also managed to cancel the recent bearish series of lower lows and lower highs.
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Disney to report higher earnings but will its shakeup plan impress? – Stock Markets

Walt Disney will unveil its fiscal Q4 earnings on Wednesday after the closing bell Cost cutting and price hikes likely boosted earnings per share But slowing revenue growth and downbeat guidance may weigh on the stock Trouble at the top The Walt Disney Company (Disney) has been undergoing a significant overhaul this year as returning CEO, Bob Iger, attempts to streamline the flagging business following several years of major acquisitions.
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