Stock Market News / Page 32

Technical Analysis – US 500 index posts fresh 9-month peak

Posted on May 29, 2023 at 11:48 am GMT

The US 500 stock index (cash) has been in an uptrend since mid-March, slicing through crucial technical regions such as its 50- and 200-day simple moving averages (SMAs). In addition, the index jumped to a fresh nine-month high of 4,232 in today’s session before paring some gains. The short-term oscillators are endorsing the latest upside move. Specifically, the MACD jumped above its red signal line in the positive region, while the RSI is flatlining above its 50-neutral mark. Should the price attempt another [..]

Tight credit conditions weigh on share buybacks, stocks in trouble? – Stock Market News

Posted on May 25, 2023 at 1:37 pm GMT

During the last few years, corporate share buybacks have been one of the main factors behind the prolonged rally observed in the equity space. However, as the period of loose credit conditions and extremely low interest rates has officially come to an end, it remains to be seen whether this theme belongs to the past. Up until now, share buybacks are holding close to their record 2022 levels, supporting equity markets, but can the resiliency extend in the upcoming months? Banking [..]

Technical Analysis – JP225 index bulls want another all-time high but bearish pressure mounts

Posted on May 25, 2023 at 7:09 am GMT

The JP225 cash index is edging higher today, as the bulls are trying to recapture the 30,711 level and keep up the pressure. A short-term consolidation at the current levels could be beneficial for both sides following the steep increase since May 11. The bears though might be able to finally crack a smile when examining the momentum indicators. The Average Directional Movement Index (ADX) appears to have topped, signaling that the bullish trend in place since the March 15, [..]

Technical Analysis – US 100 cash index edges below the 2023 high but correction could have legs

Posted on May 24, 2023 at 7:33 am GMT

The US 100 index is edging lower after reaching the 2023 high of 13,924. It has been an eventful year up to now with this index managing to overcome the mid-March rout caused by banking sector issues. Actually, since the October 13, 2022 low of 10,431, the US 100 index has been on an upwards path recording a series of higher highs and higher lows. The latest upleg enjoyed the support of the momentum indicators but the picture is more [..]

Forget default, is a debt ceiling deal the true risk for stocks? – Special Report

Posted on May 23, 2023 at 12:52 pm GMT

With US lawmakers unable to reach a deal on the debt ceiling, investors are laser-focused on the risk of a catastrophic default. However, the real problem for markets might be what happens after an agreement is found. That’s when the Treasury will scramble to raise its cash levels, which can drain liquidity out of the financial system and in the process, inflict damage on riskier assets such as stocks. Political theater It’s almost certain that US lawmakers will ultimately reach [..]

Technical Analysis – US 500 index hovers around 9-month highs

Posted on May 23, 2023 at 11:58 am GMT

The US 500 stock index (cash) has been steadily gaining ground since mid-March, slicing through crucial technical regions such as its 50- and 200-day simple moving averages (SMAs). In addition, the index jumped to a fresh nine-month peak of 4,214 last Friday and has been rangebound since then. Despite the recent consolidation, the short-term oscillators remain tilted to the bullish side, hinting that the index could extend its uptrend. Specifically, the MACD is strengthening above both zero and its red signal line, while the RSI [..]

Nvidia earnings: Can AI hype override valuation worries? – Stock Market News

Posted on May 17, 2023 at 2:03 pm GMT

Nvidia, the world’s leading graphics card designer will release its latest earnings report on Wednesday May 24, after the closing bell. The company’s shares have gone on an absolute rampage this year, gaining 104% on expectations it will dominate the AI revolution. Alas, the valuation has also reached the stratosphere as most of the good news has been priced in, leaving little room for error when Nvidia reports its results. Melt-up The recent rally in Nvidia shares has been stunning. [..]

Technical Analysis – JPMorgan Chase at a critical point

Posted on May 17, 2023 at 8:33 am GMT

JPMorgan’s (JPM) recovery since the March 24, 2023 low of 122.98 has halted, with the stock hovering around the 135 area. The March 24 upward sloping trendline is acting as support at this stage with the bulls hoping that the recent downleg proves to be a local trough. The momentum indicators though are not really supportive of the bulls’ hopes. The Average Directional Movement index (ADX) is showing a muted bearish trend and the stochastic oscillator continues to edge lower, towards its oversold [..]

Key earnings season themes to affect corporate outlook – Stock Market News

Posted on May 16, 2023 at 3:15 pm GMT

As the Q1 earnings season draws to an end, investors are closely scrutinising companies’ financial results to assess the health of the US economy and whether consumer spending is holding up. Although looming fears of an impending earnings crash did not materialise, the corporate world experienced a significant profit slump, which is set to persist in the upcoming quarters. So, which are the most important trends to keep a close eye on and how can they affect firms’ financials moving forward? [..]

Technical Analysis – JP 225 index tops near channel’s upper band

Posted on May 16, 2023 at 11:31 am GMT

Japan’s 225 stock index (cash) flatlined near a 1½-year high of 29,918 and at the upper boundary of a bullish channel after a remarkable two-week rally. The RSI and the Stochastic oscillator in the four-hour chart seem to have peaked in the overbought region, flagging a potential downside reversal. The tiny candlesticks at the top of the uptrend could be another indication that the latest upswing is overdone. If the bears take charge below 29,840, the price may seek shelter somewhere between 29,650 and 29,540. The [..]

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