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Daily Important Hits (July 19 ,2024)
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β STOCKS β INDICES β FOREX
π Microsoft Reports Major Service Outage Affecting Users Worldwide.
π S&P 500 Drops 0.8% as Investors Offload Risky Stocks in Broad Selloff.
π Euro Slides Below $1.09 as ECB Keeps Interest Rate Flat at 3.75%.
π Netflix Stock Flatlines as Boring Quarterly Revenue Fails to Entertain Traders.
π Microsoft Says Resolution to Major IT Outage is Forthcoming.
π Sterling slips after weaker-than-expected UK retail sales data.
π Wall Street opens lower as selloff resumes.
π Global equity funds draw fourth weekly inflow amid rate cut bets.
π± @Market
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SPX500 forming a rising wedge in lower time frame.
Trying to break the resistance. If it breaks we can expect price to go upwards.
On the other hand it can touch the green box and then retrace if breaks the support.
π± @Market
Trying to break the resistance. If it breaks we can expect price to go upwards.
On the other hand it can touch the green box and then retrace if breaks the support.
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Daily Important Hits (July 23 ,2024)
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β STOCKS β INDICES β FOREX
π S&P 500 Rebounds 1% for Best Day in Six Weeks as Tech Shares Roar Back.
π Dollar Rally Cools Off Against Japanese Yen as Pair Slides Toward Β₯156.
π Googleβs Record $23B Bid for Wiz Gets Rejected, Cyber Startup Will Pursue IPO.
π European stocks flat as miners counter tech rally.
π London's FTSE 100 falls as copper miners, automobile stocks weigh.
π Indian rupee declines to record low after government raises tax on capital gains.
π Wall St opens muted, with spotlight on tech results.
π Lockheed Martin Reports Second Quarter 2024 Financial Results.
π± @Market
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#MSFT forming a rising wedge almost 21 months in higher time frame (1D time frame) and respected to the support several times.
Also, it has been rejected from the resistance few times as well. So possible to touch the resistance again before the next drop.
Since the bearish news of #MSFT it can lead towards to the downwards. If the market leads to the downwards and breaks the support it can technically go down until the support levels.
Support levels: $386, $349, #309
π± @Market
Also, it has been rejected from the resistance few times as well. So possible to touch the resistance again before the next drop.
Since the bearish news of #MSFT it can lead towards to the downwards. If the market leads to the downwards and breaks the support it can technically go down until the support levels.
Support levels: $386, $349, #309
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#AAPL has been broken the resistance and currently at the retesting level. It has been double breakout since it broke the channel which formed form almost 1 year and then broke the ascending resistance as well.
At this point, it is possible to show a little drop around $179 - $200 area and retrace.
The big chance to retest the channelβs resistance and build the next leg up to continue the upward momentum.
Good for buyers around the above mentioned area ($179 - $200) if drops.
Keep an eye on this.
π± @Market
At this point, it is possible to show a little drop around $179 - $200 area and retrace.
The big chance to retest the channelβs resistance and build the next leg up to continue the upward momentum.
Good for buyers around the above mentioned area ($179 - $200) if drops.
Keep an eye on this.
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#GOOGLE on the 1D timeframe shows an ascending channel that's been forming for almost a year.
Currently, the market is at the support level of an intermediate channel. If this support is lost, we might see the price drop to the green box area ($140 - $160).
However, a retracement around this area is also possible, which could lead to a bounce back within the main channel pattern.
π± @Market
Currently, the market is at the support level of an intermediate channel. If this support is lost, we might see the price drop to the green box area ($140 - $160).
However, a retracement around this area is also possible, which could lead to a bounce back within the main channel pattern.
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#AMZN higher time frame (1D) shows a rising wedge pattern.
Currently it has been lost the support of the rising wedge and retesting the support. Technically this shows a downward moment.
However, if the retracement happens along with losing the support it can lead more to the downward.
We can expect the upward moment if it flips the green box around $190-$200 area.
π± @Market
Currently it has been lost the support of the rising wedge and retesting the support. Technically this shows a downward moment.
However, if the retracement happens along with losing the support it can lead more to the downward.
We can expect the upward moment if it flips the green box around $190-$200 area.
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#EURAUD flips the green box where the fibonacci golden zone lies on and it leads towards the resistance of the falling wedge.
If the market breaks the resistance we can expect price to go up around $1.66 - $1.68 area anytime soon.
Support can be touched if the market flips the green box towards downward.
π± @Market
If the market breaks the resistance we can expect price to go up around $1.66 - $1.68 area anytime soon.
Support can be touched if the market flips the green box towards downward.
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Daily Important Hits (July 24 ,2024)
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β STOCKS β INDICES β FOREX
π Luxury Goods Giant LVMH Reports 14% Drop in Half-Year Profits as China Sales Slump.
π Spotify Stock Turns Up by 12% as Traders Cheer Record Profits After Price Hikes.
π Alphabet Revenue Tops Estimates Despite Rising AI Threat. Stock Falls After Earnings..
π Tesla Stock Falls 8% as Profits Get Cut in Half. Elon Musk Sees EV Maker at $5 Trillion..
π Dollar Gains Upside Momentum as Euro Backtracks Deeper Below $1.09.
π Spot Ethereum ETFs Mark Debut, Traders Go Mild with $1 Billion in Volume.
π FTSE 100 extends declines as US tech earnings fail to impress; Aston Martin surges.
π European shares open lower as dismal earnings disappoint.
π± @Market
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Daily Important Hits (July 29 ,2024)
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β STOCKS β INDICES β FOREX
π Heineken Lifts Profit Growth Target After Revenue Beats Expectations.
π Yen Set for Best Month of Year as Traders Ramp Up Long Bets in Hopes of Rate Hike.
π Bitcoin Zeros In on $70,000 as Trump Vows to Make US βCrypto Capitalβ of Planet.
π S&P 500 to Get Tested as Microsoft, Meta, Amazon, Apple Report Earnings This Week.
π London's FTSE 100 boosted by energy stocks; US, UK rate decisions in focus.
π Indian rupee slips to record low, pressured by month-end importer dollar bids.
π Reckitt Benckiser shares hit lowest since 2013 on Abbott trial verdict.
π GSK settles another Illinois Zantac lawsuit.
π± @Market
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Daily Important Hits (July 31 ,2024)
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β STOCKS β INDICES β FOREX
π Japan Confirms Currency Intervention Over Past Month.
π Starbucks Stock Pops Despite Weakening Demand for High-Priced Coffee.
π Eurozone Inflation Picks Up Pace in Blow to Rate-Cut Hopes.
π Microsoft Stock Dips as Slow Cloud Growth Overshadows Solid Earnings.
π Weak Yen One Factor Behind Rate Increase, BOJ's Ueda Says.
π Yen Whipsaws in Volatile Trading as Bank of Japan Hikes Interest Rate to 0.25%.
π Gold Prices Climb Above $2,420 as Traders Brace for Key Fed Rate Decision.
π China PMI Signals Continued Decline in Manufacturing.
π± @Market
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Daily Important Hits (AUGUST 01 ,2024)
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β STOCKS β INDICES β FOREX
π Meta Stock Jumps as Revenue Beats Forecast, Earnings Pop 73% to $13.5 Billion.
π Dollar Index Dives Under 104 After Fedβs Powell Hints at September Rate Cut.
π Nasdaq Composite Surges 2.6%, S&P 500 Joins Rally for Best Day in Six Months.
π Bank of England Cuts Key Interest Rate by Quarter Percentage Point β WSJ.
π Budweiser Brewer AB Inbev Volumes Dragged by Weaker China Demand.
π China Caixin PMI Signals Deterioration in Manufacturing Sector.
π Fed Holds Interest Rates Steady at 5.50%, Hints at Possible September Cut.
π Shell Launches $3.5 Billion Buyback After Earnings Beat Market Views.
π± @Market
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$USDJPY ascending channel has been formed in 1D time frame. Currently the market is at support level.
Also if this bounces back from we can expect a retracement around the box area.
π± @Market
Also if this bounces back from we can expect a retracement around the box area.
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Daily Important Hits (AUGUST 06 ,2024)
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β STOCKS β INDICES β FOREX
π RBA Sits Pat on Rates; Still Highly Worried About Inflation Risks.
π Saudi Aramco to Return $31 Billion to Shareholders, Government After Profit Beat.
π S&P 500 Futures Jump 1.5% to Erase Losses from Worst Day Since 2022.
π Dollar Index Rebounds 0.8% to 103 as Investors Rein In Sweeping Selloff.
π Nvidia Stock Falls 6.3% to $2.5 Trillion, CEO Jensen Huang Loses $6 Billion.
π London's FTSE 100 rebounds from lows amid broader gains.
π US seeks up to 3.5 million barrels of oil for Strategic Petroleum Reserv.
π Hong Kong Business Slowdown Eases in July.
π± @Market
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Daily Important Hits (August 08,2024)
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β
STOCKS β
INDICES β
FOREX
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π Micron, HP Among Companies Under Investigation by US Trade Regulator.
π Bowman Consulting Is Maintained at Buy by Roth MKM.
π Topgolf Callaway Brands Price Target Cut to $17.00/Share From $20.00 by Roth MKM.
π Lazard hires Guggenheim banker Haydon for private equity dealmaking, source says.
π Joby Aviation Price Target Maintained With a $10.00/Share by Cantor Fitzgerald.
π Under Armour Logs Unexpected First-Quarter Profit, Nudges Fiscal 2025 Earnings Outlook Higher.
π Pactiv Evergreen Is Maintained at Buy by UBS.
π± @Market
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Daily Important Hits (August 09 ,2024)
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β STOCKS β INDICES β FOREX
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π Under Armour Stock Sprints 19% on Earnings Rebound After Leadership Reshuffle.
π S&P 500 Logs 2.3% for Best Day Since 2022 as Jobs Data Offsets Recession Worries.
π Dollar on Track for Fourth Straight Day of Gains as Carry Trade Almost Unwound.
π Bitcoin Rockets 15% as Good Jobs Data Ignites Post-Selloff Bargain Hunt.
π China Consumer Inflation Rises, Factory-Gate Prices Continue to Fall β 2nd Update.
π Indonesian July Retail Sales Expected Up 4.3% on Year.
π Fed Likely to Deliver 50-Basis-Point Rate Cut Next Month Amid 'Market Worries,' ING Says.
π FTSE 100 inches higher as miners gain, US jobs data allays recession fears
π± @Market
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