📈 Indices aim to continue their upward momentum, testing resistances...
#Market #Trading #Indices
🏛 What's happening in the market today? For more #freshupdate:
🔙 In the previous trading day, indices showed efforts to sustain positive dynamics, approaching local resistance levels and channel boundaries. The SPX index attempted growth, testing resistance at 4610 and the upper channel boundary. The NQ index also tried to continue its upward movement, successfully breaking through the boundaries of the inclined channel and testing the level of 16117.
🔆 Today, it's crucial for indices to maintain positions above local support levels at 15700 for NQ and 4500 for SPX to prevent a pullback from current levels and ensure the possibility of further growth upon surpassing the nearest levels at 16100 for NQ and 4610 for SPX.
🔎 What factors is the market currently focused on?
(1) China's inflation index dropped at the fastest pace in three years.
(2) Traders await data on inflation in the U.S. and the Federal Reserve's meetings later this week.
#Inflation #FinancialMarkets #Economy
📊 Sectors
Among cyclical sectors, XLE performed the best, bouncing back from local lows. ITA, XLF, and XLY attempted to continue growth in line with the market, while XLRE pulled back and showed less stability.
Among growing sectors, MJ, IPO, XLK, SOXX, and SKYY demonstrated growth, confirming local highs. Meanwhile, IBB and TAN retreated and were less successful.
Among defensive sectors, XLP showed a decline in relative strength compared to the market, testing lows, while XLV and XLU also lagged, showing more stable dynamics.
#Sectors #FinancialMarkets #Trading
💼 Stock News
(+) TSLA, RIVN - Piper Sandler highlights growth prospects for the electric vehicle sector.
(+) GOOGL - The launch of Google Gemini promises a successful 2024 for the company, according to Citi.
(+) BA - Boeing has modified a contract with USSOCOM worth $271.22 million.
(+) BA - China expresses interest in strengthening cooperation with Boeing.
(=) SBUX - Starbucks is ready to resume union negotiations in 2024.
(=) AAPL - Head of iPhone and smartwatch design at Apple is stepping down.
(+) AAPL - Production of iPads by Apple may be moved to Vietnam from China.
(+) MU - Micron reaches a labor agreement with the union at its Idaho plant worth $15 billion.
(=) AVGO - 2024 could be challenging for Broadcom, but Wall Street expects growth in the second half of the year.
(+) QRVO - Qorvo's rating is raised by Morgan Stanley; ratings for Qualcomm and Lam Research are lowered.
#Stocks #Exchange #FinancialNews
🌐 Intermarket Analysis
Oil continues attempts at a local recovery, overcoming inclines and approaching a test of the $72.6 level.
Yield also tries to move upward, approaching the 50-day moving average and incline boundaries.
VIX continues to decline, attempting to refresh lows at the 12.5 level.
Gold continues its correction, moving toward the lower boundary of the ascending channel and the $2000 level.
#GlobalMarkets #Oil #Yield #Gold #FinancialMarkets
🗣 Market Discussions
Stocks are rising on the "liquidity rally," and it is expected they will reach new highs in 2024, according to Fundstrat.
Tom Lee of Fundstrat suggests that stocks will reach new record highs in 2024.
This is tied to the Federal Reserve transitioning to a less restrictive monetary policy, paving the way for a "liquidity rally" in the market.
Lee claims that the S&P 500 index could rise to 5200 by the end of 2024, anticipating potential growth of 13% compared to current levels.
This is associated with expectations of a possible reduction in Fed interest rates next year, as inflation in the economy continues to show a weakening trend.
"The Fed is no longer waging an inflation war but is really transitioning to business cycle management — these are huge changes," says Lee.
#FinancialMarkets #Stocks #Fundstrat #Fed #Liquidity #Forecasts
#Market #Trading #Indices
🏛 What's happening in the market today? For more #freshupdate:
🔙 In the previous trading day, indices showed efforts to sustain positive dynamics, approaching local resistance levels and channel boundaries. The SPX index attempted growth, testing resistance at 4610 and the upper channel boundary. The NQ index also tried to continue its upward movement, successfully breaking through the boundaries of the inclined channel and testing the level of 16117.
🔆 Today, it's crucial for indices to maintain positions above local support levels at 15700 for NQ and 4500 for SPX to prevent a pullback from current levels and ensure the possibility of further growth upon surpassing the nearest levels at 16100 for NQ and 4610 for SPX.
🔎 What factors is the market currently focused on?
(1) China's inflation index dropped at the fastest pace in three years.
(2) Traders await data on inflation in the U.S. and the Federal Reserve's meetings later this week.
#Inflation #FinancialMarkets #Economy
📊 Sectors
Among cyclical sectors, XLE performed the best, bouncing back from local lows. ITA, XLF, and XLY attempted to continue growth in line with the market, while XLRE pulled back and showed less stability.
Among growing sectors, MJ, IPO, XLK, SOXX, and SKYY demonstrated growth, confirming local highs. Meanwhile, IBB and TAN retreated and were less successful.
Among defensive sectors, XLP showed a decline in relative strength compared to the market, testing lows, while XLV and XLU also lagged, showing more stable dynamics.
#Sectors #FinancialMarkets #Trading
💼 Stock News
(+) TSLA, RIVN - Piper Sandler highlights growth prospects for the electric vehicle sector.
(+) GOOGL - The launch of Google Gemini promises a successful 2024 for the company, according to Citi.
(+) BA - Boeing has modified a contract with USSOCOM worth $271.22 million.
(+) BA - China expresses interest in strengthening cooperation with Boeing.
(=) SBUX - Starbucks is ready to resume union negotiations in 2024.
(=) AAPL - Head of iPhone and smartwatch design at Apple is stepping down.
(+) AAPL - Production of iPads by Apple may be moved to Vietnam from China.
(+) MU - Micron reaches a labor agreement with the union at its Idaho plant worth $15 billion.
(=) AVGO - 2024 could be challenging for Broadcom, but Wall Street expects growth in the second half of the year.
(+) QRVO - Qorvo's rating is raised by Morgan Stanley; ratings for Qualcomm and Lam Research are lowered.
#Stocks #Exchange #FinancialNews
🌐 Intermarket Analysis
Oil continues attempts at a local recovery, overcoming inclines and approaching a test of the $72.6 level.
Yield also tries to move upward, approaching the 50-day moving average and incline boundaries.
VIX continues to decline, attempting to refresh lows at the 12.5 level.
Gold continues its correction, moving toward the lower boundary of the ascending channel and the $2000 level.
#GlobalMarkets #Oil #Yield #Gold #FinancialMarkets
🗣 Market Discussions
Stocks are rising on the "liquidity rally," and it is expected they will reach new highs in 2024, according to Fundstrat.
Tom Lee of Fundstrat suggests that stocks will reach new record highs in 2024.
This is tied to the Federal Reserve transitioning to a less restrictive monetary policy, paving the way for a "liquidity rally" in the market.
Lee claims that the S&P 500 index could rise to 5200 by the end of 2024, anticipating potential growth of 13% compared to current levels.
This is associated with expectations of a possible reduction in Fed interest rates next year, as inflation in the economy continues to show a weakening trend.
"The Fed is no longer waging an inflation war but is really transitioning to business cycle management — these are huge changes," says Lee.
#FinancialMarkets #Stocks #Fundstrat #Fed #Liquidity #Forecasts
The Dow Jones index has entered a consolidation phase, aligning with the S&P 500 and Nasdaq 100, for almost two and three weeks, respectively. This could indicate consolidation before a breakout to new highs, but there are more chances that we are witnessing signs of growth exhaustion.
The Dow Jones index is currently trading only 0.8% below the record close in December 2021 and 2% below the all-time high, having gained nearly 12% during the rally over the last five weeks. The rapid ascent led to the RSI on daily charts exceeding 80, indicating an overbought condition. While entering this territory sometimes triggers even more aggressive rallies, signaling extreme investor greed, this time a different pattern seems to be emerging.
On Monday and Tuesday, the Dow Jones index showed a slow decline. The S&P 500 and Nasdaq 100, broader stock indices, did not join the upward movement and continued to consolidate near recent highs.
The behavior of the currency market is equally important, with the dollar gaining since late November, typically considered a bearish factor for the stock market. However, the Dow Jones index, contrary to simple logic, has accelerated its ascent in recent days.
This movement resembles an active short position liquidation. A ruthless analogy to such liquidations was observed in gold with the capitulation peak on December 1st. A reverse situation was seen in April 2020 with negative oil futures prices.
Technically, from current levels, it seems more comfortable to take a bearish stance on Dow Jones, anticipating a potential 5% decline rather than an equivalent increase. Fundamentally, it is also challenging to justify buying stocks, given the expectations that the Federal Reserve will cut rates by 150 basis points over the next year while the final demand and corporate profits remain equally strong. #Finance #Stocks #Market #Investments
The Dow Jones index is currently trading only 0.8% below the record close in December 2021 and 2% below the all-time high, having gained nearly 12% during the rally over the last five weeks. The rapid ascent led to the RSI on daily charts exceeding 80, indicating an overbought condition. While entering this territory sometimes triggers even more aggressive rallies, signaling extreme investor greed, this time a different pattern seems to be emerging.
On Monday and Tuesday, the Dow Jones index showed a slow decline. The S&P 500 and Nasdaq 100, broader stock indices, did not join the upward movement and continued to consolidate near recent highs.
The behavior of the currency market is equally important, with the dollar gaining since late November, typically considered a bearish factor for the stock market. However, the Dow Jones index, contrary to simple logic, has accelerated its ascent in recent days.
This movement resembles an active short position liquidation. A ruthless analogy to such liquidations was observed in gold with the capitulation peak on December 1st. A reverse situation was seen in April 2020 with negative oil futures prices.
Technically, from current levels, it seems more comfortable to take a bearish stance on Dow Jones, anticipating a potential 5% decline rather than an equivalent increase. Fundamentally, it is also challenging to justify buying stocks, given the expectations that the Federal Reserve will cut rates by 150 basis points over the next year while the final demand and corporate profits remain equally strong. #Finance #Stocks #Market #Investments
📈 #Market #Indices #TradingDay
🏛 What's happening today in the market?
🔙 Previous trading day. Indices continued the upward trend, moving near important maximum levels from 2021-2023. SPX maintained its growth momentum, surpassing the July 2023 highs, hovering around the level of 4630. NQ also showed a continuation of the upward trend, moving near the 2021 highs and the level of 16600.
🔆 Today. It is crucial for indices to maintain positions above local support levels at 16000 for NQ and 4560 for SPX to avoid a pullback from current levels and ensure the possibility of further growth if the nearest levels at 16600 for NQ and 4630 for SPX are breached.
🔎 What's driving the market now?
(1) Bond yields and the dollar declined ahead of U.S. economic data.
(2) Traders await U.S. inflation data and the Federal Reserve meeting this week.
(3) The yen rebounded after its sharpest decline in over a month.
📊 Sectors
Cyclical sectors continued their upward momentum, with XRT, ITA, and XLI leading the upward movement ahead of the market. Growth sectors demonstrated mixed dynamics, with SOXX, XLK, and IBB showing the most significant growth, outperforming the market, while MJ and XLC lagged behind, experiencing a local pullback. Defensive sectors showed growth dynamics, with XLP and XLU bouncing off local trend levels, and XLV breaking through resistance in the form of a local maximum.
💼 Stock News
(+) NVDA - U.S. Department of Commerce Head stated that Nvidia "can, will, and should sell AI chips to China" for commercial purposes.
(+) XLP - HSBC believes that 2024 should be a more normal year for the consumer goods sector after a prolonged downturn.
(=) LLY - Patients taking Eli Lilly's obesity drug, tirzepatide, regained weight after discontinuing therapy.
(+) META - Meta Platforms is BofA's top pick among large-cap companies for the online media sector in 2024.
(+) BA - Boeing received an order for 6 Chinook helicopters from the U.S. Army worth $271 million.
(+) AMZN, GOOGL - According to Goldman Sachs, Amazon and Google will be major winners in the AI race in 2024 and beyond.
(+) AVGO - Broadcom is rising after Citi resumed coverage with a Buy rating, seeing strength in its core business.
(+) OXY - Occidental Petroleum and Devon upgraded to Overweight at Morgan Stanley.
(+) JETS - Booking trends for airline tickets have strengthened by +10.7% in recent weeks, according to BofA.
(+) NKE - Citi rates Nike as Buy. The bank is more optimistic about Nike's ability to protect profits in 2024 and 2025.
🌐 Intermarket Analysis
Oil attempted a local rebound, approaching resistance at 72.6 and the 50-MA. Bond yields retreated from the edges of the sloping channel and the 4.3% level after an attempt to rise. VIX continues to move near lows after attempts at local growth. Gold is trying to rebound locally from the lower boundary of the rising channel and the 2000 level.
🗣 Market Discussed Topics
Goldman says: "Buy the Dip" if stocks fall after the review of Federal Reserve rate cuts. Unexpectedly strong hiring figures in November led to a reassessment of Federal Reserve rate hike expectations. Meanwhile, swap contracts indicate that investors consider a rate cut in March unlikely. After a $4 trillion rally since October, there is a possibility of stock weakening as the market may reassess the future interest rate trajectory. However, any pullback according to this premise will be considered a fakeout and a good opportunity to rebalance or buy on the dip. GS believes in the quality factor, and large caps will be stronger than the market, and despite seemingly high valuations, GS believes there is growth potential. #Investing #Economy
🏛 What's happening today in the market?
🔙 Previous trading day. Indices continued the upward trend, moving near important maximum levels from 2021-2023. SPX maintained its growth momentum, surpassing the July 2023 highs, hovering around the level of 4630. NQ also showed a continuation of the upward trend, moving near the 2021 highs and the level of 16600.
🔆 Today. It is crucial for indices to maintain positions above local support levels at 16000 for NQ and 4560 for SPX to avoid a pullback from current levels and ensure the possibility of further growth if the nearest levels at 16600 for NQ and 4630 for SPX are breached.
🔎 What's driving the market now?
(1) Bond yields and the dollar declined ahead of U.S. economic data.
(2) Traders await U.S. inflation data and the Federal Reserve meeting this week.
(3) The yen rebounded after its sharpest decline in over a month.
📊 Sectors
Cyclical sectors continued their upward momentum, with XRT, ITA, and XLI leading the upward movement ahead of the market. Growth sectors demonstrated mixed dynamics, with SOXX, XLK, and IBB showing the most significant growth, outperforming the market, while MJ and XLC lagged behind, experiencing a local pullback. Defensive sectors showed growth dynamics, with XLP and XLU bouncing off local trend levels, and XLV breaking through resistance in the form of a local maximum.
💼 Stock News
(+) NVDA - U.S. Department of Commerce Head stated that Nvidia "can, will, and should sell AI chips to China" for commercial purposes.
(+) XLP - HSBC believes that 2024 should be a more normal year for the consumer goods sector after a prolonged downturn.
(=) LLY - Patients taking Eli Lilly's obesity drug, tirzepatide, regained weight after discontinuing therapy.
(+) META - Meta Platforms is BofA's top pick among large-cap companies for the online media sector in 2024.
(+) BA - Boeing received an order for 6 Chinook helicopters from the U.S. Army worth $271 million.
(+) AMZN, GOOGL - According to Goldman Sachs, Amazon and Google will be major winners in the AI race in 2024 and beyond.
(+) AVGO - Broadcom is rising after Citi resumed coverage with a Buy rating, seeing strength in its core business.
(+) OXY - Occidental Petroleum and Devon upgraded to Overweight at Morgan Stanley.
(+) JETS - Booking trends for airline tickets have strengthened by +10.7% in recent weeks, according to BofA.
(+) NKE - Citi rates Nike as Buy. The bank is more optimistic about Nike's ability to protect profits in 2024 and 2025.
🌐 Intermarket Analysis
Oil attempted a local rebound, approaching resistance at 72.6 and the 50-MA. Bond yields retreated from the edges of the sloping channel and the 4.3% level after an attempt to rise. VIX continues to move near lows after attempts at local growth. Gold is trying to rebound locally from the lower boundary of the rising channel and the 2000 level.
🗣 Market Discussed Topics
Goldman says: "Buy the Dip" if stocks fall after the review of Federal Reserve rate cuts. Unexpectedly strong hiring figures in November led to a reassessment of Federal Reserve rate hike expectations. Meanwhile, swap contracts indicate that investors consider a rate cut in March unlikely. After a $4 trillion rally since October, there is a possibility of stock weakening as the market may reassess the future interest rate trajectory. However, any pullback according to this premise will be considered a fakeout and a good opportunity to rebalance or buy on the dip. GS believes in the quality factor, and large caps will be stronger than the market, and despite seemingly high valuations, GS believes there is growth potential. #Investing #Economy
📈 Indices continue moving towards highs, maintaining growth near levels of 2021-2023. #market #finance
🔍 What happened in the last trading day? SPX and NQ continued their upward trend, approaching levels of 4655 and 16600 respectively. #trading #stocks
🔆 Today, it's crucial to hold positions above support levels (16000 for NQ, 4560 for SPX) to prevent a pullback and ensure the possibility of further growth. #investing #stockmarket
📊 What's on the market's radar?
1. The Federal Reserve's meeting today.
2. Xi Jinping disappoints investors.
3. The dollar remains stable.
4. Traders closely watching Powell's signals regarding policy. #economy #financialnews
💼 Stock News:
- MSFT develops an innovative AI model.
- SNAP attracts 7 million new subscribers.
- NKE leads in clothing production according to Goldman. #stocks #marketnews
🌐 Intermarket Analysis:
- Oil is declining, approaching levels from the summer of 2023.
- Yield moves along the borders of a sloping channel (4.2%).
- VIX is decreasing towards 2019 levels.
- Gold tests the lower boundary of the growing channel. #globalmarkets #marketanalysis
🗣 Market Discussed Topics:
- The Fed is not ready for rate cuts.
- Expectations of maintaining interest rates at a stable level.
- The Federal Open Market Committee will keep rates in the range of 5.25%-5.5%. #fedreserve #economicnews
🔍 What happened in the last trading day? SPX and NQ continued their upward trend, approaching levels of 4655 and 16600 respectively. #trading #stocks
🔆 Today, it's crucial to hold positions above support levels (16000 for NQ, 4560 for SPX) to prevent a pullback and ensure the possibility of further growth. #investing #stockmarket
📊 What's on the market's radar?
1. The Federal Reserve's meeting today.
2. Xi Jinping disappoints investors.
3. The dollar remains stable.
4. Traders closely watching Powell's signals regarding policy. #economy #financialnews
💼 Stock News:
- MSFT develops an innovative AI model.
- SNAP attracts 7 million new subscribers.
- NKE leads in clothing production according to Goldman. #stocks #marketnews
🌐 Intermarket Analysis:
- Oil is declining, approaching levels from the summer of 2023.
- Yield moves along the borders of a sloping channel (4.2%).
- VIX is decreasing towards 2019 levels.
- Gold tests the lower boundary of the growing channel. #globalmarkets #marketanalysis
🗣 Market Discussed Topics:
- The Fed is not ready for rate cuts.
- Expectations of maintaining interest rates at a stable level.
- The Federal Open Market Committee will keep rates in the range of 5.25%-5.5%. #fedreserve #economicnews
Economic Overview on December 26, 2023: Anticipated News and Potential Impacts
Hello, esteemed colleagues! Tomorrow, on December 26, 2023, significant economic events await us. Let's examine how these news items might influence the financial world.
1. Japan Bank Basic CPI (YoY) (08:00 JPY) - Forecast: 3.0%
The anticipated rise in Japan's basic consumer price index can provide insights into the country's economic health. #Japan #Inflation
2. Basic CPI (YoY) (Nov) (08:00 SGD) - Forecast: 3.20%, Actual: 3.30%
Singapore is set to release data on the basic CPI for November. An exceeding forecast may impact local authorities' decisions. #Singapore #Inflation
3. Consumer Price Index (YoY) (Nov) (08:00 SGD) - Forecast: 3.8%, Actual: 4.7%
Singapore's Consumer Price Index is expected to surpass the forecast. How will this affect consumer spending? #CPI #Expenditure
4. S&P/CS Composite-20 HPI (MoM) (Oct) (17:00 USD) - Forecast: 0.2%
Impact on the U.S. real estate market: How will housing prices change in October? #RealEstate #Market
5. S&P/CS Composite-20 HPI Excluding Seasonal Variations (YoY) (Oct) (17:00 USD) - Forecast: 5.0%, Actual: 3.9%
The annual increase in U.S. housing prices may influence buyer and investor decisions. #Housing #Investments
6. 2-Year Treasury Note Auction (21:00 USD) - Average Yield: 4.887%
A bond auction in the U.S.: What does this mean for the financial market and the dollar? #Finance #Bonds
Conclusion:
Stay tuned for updates, discuss events in the comments, and prepare for potential changes in financial markets. Good luck with your investment strategies! #Economy #Finance #Investments #News #FreshForecast #FreshForex
Hello, esteemed colleagues! Tomorrow, on December 26, 2023, significant economic events await us. Let's examine how these news items might influence the financial world.
1. Japan Bank Basic CPI (YoY) (08:00 JPY) - Forecast: 3.0%
The anticipated rise in Japan's basic consumer price index can provide insights into the country's economic health. #Japan #Inflation
2. Basic CPI (YoY) (Nov) (08:00 SGD) - Forecast: 3.20%, Actual: 3.30%
Singapore is set to release data on the basic CPI for November. An exceeding forecast may impact local authorities' decisions. #Singapore #Inflation
3. Consumer Price Index (YoY) (Nov) (08:00 SGD) - Forecast: 3.8%, Actual: 4.7%
Singapore's Consumer Price Index is expected to surpass the forecast. How will this affect consumer spending? #CPI #Expenditure
4. S&P/CS Composite-20 HPI (MoM) (Oct) (17:00 USD) - Forecast: 0.2%
Impact on the U.S. real estate market: How will housing prices change in October? #RealEstate #Market
5. S&P/CS Composite-20 HPI Excluding Seasonal Variations (YoY) (Oct) (17:00 USD) - Forecast: 5.0%, Actual: 3.9%
The annual increase in U.S. housing prices may influence buyer and investor decisions. #Housing #Investments
6. 2-Year Treasury Note Auction (21:00 USD) - Average Yield: 4.887%
A bond auction in the U.S.: What does this mean for the financial market and the dollar? #Finance #Bonds
Conclusion:
Stay tuned for updates, discuss events in the comments, and prepare for potential changes in financial markets. Good luck with your investment strategies! #Economy #Finance #Investments #News #FreshForecast #FreshForex