Stock Market News

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Earnings season: The good, the bad, and the very ugly – Special Report

Posted on April 14, 2020 at 3:50 pm GMT

This earnings season will be pivotal. With so little post-virus economic data so far, the real-time guidance by corporate executives could be invaluable. In a nutshell, while earnings and guidance will probably be gloomy overall, there might be huge contrasts between sectors. Industries like travel and energy will likely be decimated, whereas online retailers and home entertainment companies might have made a killing. All told, while significant downside risks remain for the market overall, some ‘value plays’ are also arising. [..]

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US big four banks may give a depressing start to earnings season – Stock Market News

Posted on April 13, 2020 at 3:59 pm GMT

The four largest US banks will kick off the earnings season after the Easter break on Tuesday and Wednesday but for the first time after a long time markets will be indifferent whether the results will beat or miss forecasts as investors are aware that the path of earnings is a one-way direction to the downside thanks to the virus-led lockdown. Yet, any indication of how badly the financial sector may suffer could be the trigger for another volatile session [..]

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Technical Analysis – GER 30 improves above 200-period MA

Posted on April 13, 2020 at 3:17 pm GMT

German 30 index’s (Cash) price appears to be gaining ground above the 200-period simple moving average (SMA), backed by the rising Ichimoku lines and the advancing 50- and 100-period SMAs. Also supporting this view, are the short-term oscillators, which display increasing positive momentum. The MACD, in the positive region, is strengthening above its red trigger line, while the RSI is rising in the overbought territory. If buyers continue to control the market, initial resistance could come from the 10,898 level, [..]

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Technical Analysis – JPMorgan stock extends up in very short-term; indicators show upside tone

Posted on April 13, 2020 at 12:53 pm GMT

The JPMorgan stock price is finding resistance at the 104.30 barrier after the gap up that it posted on Thursday and the pullback on the three-and-a-half-year low of 76.50. Technically, the price is trading above the red Tenkan-sen and the blue Kijun-sen lines in the daily timeframe, but the simple moving averages (SMAs) are still pointing south. However, the RSI indicator is entering the positive path, while the MACD oscillator is rising above its trigger line, approaching the zero level. [..]

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Technical Analysis – US dollar index lacks direction above 200-MA

Posted on April 10, 2020 at 12:32 pm GMT

US dollar index’s latest dip appears to be pausing ahead of the 200-period simple moving average (SMA), reflecting an unclear direction after the push up from the 98.38 trough. The flat demeanour of the 200-period SMA and the conflicting signals between the 50- and 100-period SMAs further back the uncertain course. Moreover, the price actions’ frozen state is also mirrored within the directional momentum in the short-term oscillators. The MACD has slipped marginally below zero and its red trigger line. [..]

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Technical Analysis – US dollar index lacks direction above the 200-MA

Posted on April 10, 2020 at 11:54 am GMT

US dollar index’s latest dip appears to be pausing ahead of the 200-period simple moving average (SMA), reflecting an unclear direction after the push up from the 98.38 trough. The flat demeanour of the 200-period SMA and the conflicting signals between the 50- and 100-period SMAs, further back the uncertain course. More so, price actions’ frozen state is also mirrored within directional momentum in the short-term oscillators. The MACD has slipped marginally below zero and its red trigger line. However, [..]

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Technical Analysis – US 30 index claws its way higher as recovery persists

Posted on April 9, 2020 at 2:37 pm GMT

The US 30 index has recovered a good chunk of its losses in the past couple of weeks and is now posting higher highs and higher lows on the four-hour chart above a short-term uptrend line drawn from the March 23 bottom. The immediate-term outlook therefore seems to have turned positive, and for that to change, the bears would need to pierce below the 22,350 area and the uptrend line. Momentum oscillators endorse the improving picture, with the RSI looking [..]

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Technical Analysis – US 500 stock index in neutral phase in near term; recoups some losses

Posted on April 6, 2020 at 12:34 pm GMT

The US 500 cash index has been developing within a narrow range over the last two weeks with upper boundary the 38.2% Fibonacci retracement level of the down leg from 3,396.64 to 2,173.95 at 2,646 and lower boundary the 2,440 support level. The momentum indicators are pointing to a neutral to positive bias in the short term, suggesting the possibility of an upside reversal. The RSI is just below 50 and the MACD oscillator is heading north above its trigger line, though with weak momentum. In the event [..]

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Is this a light at the end of the stock tunnel or just a flashlight? – Special Report

Posted on April 3, 2020 at 1:36 pm GMT

Stock prices are making a V turn after experiencing the sharpest downfall since financial crisis and bargain hunters are looking for the right time to buy. Hopefully, there are reasons to believe that the positive trend could continue, though on the other hand it is too early to rule out a dead cat bounce, and it is even challenging to predict a full recovery after the virus drama ends. Hence, while it looks like a good opportunity to get exposure to the market, a portfolio overloaded [..]

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Technical Analysis – US 500 index’s correction weakens under 100-SMA

Posted on March 30, 2020 at 12:00 pm GMT

US 500 index (Cash) seems to have lost steam in its pullback from the multi-year low of 2,183.95 dropping the price back to its mid-Bollinger band around the 100-period simple moving average (SMA) at 2,561. The stall in positive momentum is also reflected in the short-term oscillators. The MACD, in the positive region, has dropped below its red trigger line, while the RSI, declined to hover above its neutral mark. On top of this, the downward sloping 100- and 200-period [..]

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