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Technical Analysis – US 100 cash index in delicate balance after higher high

Posted on April 11, 2023 at 7:47 am GMT

The US 100 cash index is consolidating after reaching 13,225, the highest level since August 19, 2022, fully recovering from the mid-March banking sector woes. The bulls might not be so upset about the current price action as they may accept that a small correction could set the stage for a new high afterwards, provided that the next low recorded is above the 11,850 area. There are some key support levels on the way down starting with the 38.2% Fibonacci [..]

Technical Analysis – GER40 cash index consolidates below early April highs

Posted on April 6, 2023 at 9:26 am GMT

The GER40 cash index managed to make a higher high on April 4, reaching the highest point since January 2022 and potentially kicking off a party at the bulls’ camp. However, the situation is more complicated than it appears. The failure, up to now, to hold above the upper lower boundary of the January-March 2023 rectangle could be a sign that the market is not mature enough to stabilize at these elevated levels. To be fair, the move higher since [..]

Earnings season could expose cracks in the stock market – Stock Market News

Posted on April 6, 2023 at 8:31 am GMT

The first quarter earnings season will kick into high gear next week, with major US banks, as always, setting the tone. However, this time investors could pay even more attention to those results as the turmoil in the banking sector was responsible for a massive downshift in interest rate expectations. In general, earnings are set to contract for a second consecutive quarter, while valuations remain elevated and a recession is just around the corner. Equity markets defy earnings downgrades Major US [..]

Technical Analysis – TD rally in danger as bears regain confidence

Posted on April 5, 2023 at 1:27 pm GMT

TD has been recovering from the March lows, in line with other major banking institutions. This move has been rather aggressive with the stock dropping today, essentially undoing Tuesday’s move. TD has actually been on a downwards path since the February 11, 2022 high of 85.94, touching a 2.5-year low of 55.19 on March 24. The bulls would love for the rally to continue, but they need support from the momentum indicators. The stochastic oscillator appears willing to answer the [..]

Technical Analysis – Alibaba stock corrects lower after huge jump

Posted on April 4, 2023 at 1:53 pm GMT

Alibaba’s stock has been on a wild ride since early 2022, exhibiting steep uptrends that were followed by massive declines and vice versa. In the latest episode, the share price rebounded strongly from its 2023 retreat after news emerged concerning a potential strategic restructuring of the firm. The momentum indicators currently suggest that the recent rebound was overstretched as both the RSI and the stochastic oscillator are coming down from their overbought territories. This loss of momentum is also evident in the [..]

Technical Analysis – JP225 index bulls remain in control, but biggest battle has not occurred yet

Posted on April 4, 2023 at 8:07 am GMT

The JP225 cash index has been on an aggressive upward path since the March 15 low of 26,457. It managed to break some key levels with relative ease, revealing the underlying strength of this upmove. The bulls will feel a lot better if the index achieves a higher high soon. Until this occurs, the current move could be seen as just a correction and hence a lower low could be on the cards next. Interestingly, the convergence of the simple moving [..]

Technical Analysis – US 500 index ticks up above 4,000 and the medium-term uptrend lines

Posted on April 3, 2023 at 12:59 pm GMT

The US 500 cash index has surged more than 3.5% over the last three days, overcoming the 4,100 level. However, the technical oscillators appear overbought. The RSI is pointing down in the positive territory, while the stochastic is turning lower above the 80 level, suggesting that the bullish move in the market may come to an end soon. Also, the index is still standing above the simple moving averages (SMAs) and the medium-term uptrend lines. Should the index manage to strengthen its positive momentum, the next resistance [..]

Technical Analysis – US 30 cash index advance continues

Posted on April 3, 2023 at 12:49 pm GMT

The US 30 cash index has been enjoying a strong rally since the March 15 low of 31,426, in line with other main equity markets. It managed to overcome some key levels with relative ease and it is now hovering just below the busy 33,518-33,754 range. The bulls appear to be enjoying this period and understandably so. The overall technical picture remains in their favour. The Average Directional Movement Index (ADX) is edging higher in support of the current rally. Similarly, the stochastic oscillator [..]

Technical Analysis – UK 100 cash index enters challenging area

Posted on March 30, 2023 at 2:34 pm GMT

In line with the other main stock markets, the UK 100 cash index is continuing its recovery from the mid-March banking sector-induced dip. The index touched 7,205 on March 20 and it is now hovering just above the June 2, 2017 high of 7,599. It has entered a range that proved difficult for the bulls to overcome during 2022. The market has excellent memory regarding recent highs and hence UK 100 bulls should prepare for this new battle. In the [..]

Alibaba plans ambitious restructuring, will US big tech follow suit? – Stock Market News

Posted on March 30, 2023 at 1:54 pm GMT

As a highly volatile quarter for stock markets draws to an end, market participants are increasingly weighing the probabilities of a monetary tightening pause or even rate cuts following the turmoil in the banking sector. These developments tilted investor interest towards the tech industry in which we also got some groundbreaking news as Alibaba announced a plan to split its businesses into six smaller subsidiaries. So, what’s the outlook for tech firms and could they unlock value by a split-up [..]

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