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TSMC earnings: The heart of the chip industry – Stock Market News

Posted on July 14, 2021 at 3:18 pm GMT

Taiwan Semiconductors (TSMC) will report quarterly earnings at 06:00 GMT Thursday. The company is the world’s biggest and most advanced chip manufacturer, so its results could be crucial for the entire market amid the raging chip shortage, not just its own stock. Overall, the future for TSMC seems extremely promising, but there are a couple of risks on the radar. Dominance Chip shortages have dominated the news lately and at the center of everything is TSMC, the world’s 11th largest [..]

Technical Analysis – US 500 index stays buoyant as negative pressures evaporate

Posted on July 12, 2021 at 3:35 pm GMT

The US 500 stock index (Cash) appears to remain upbeat, having stretched to a fresh all-time high of 4,381, after a recent but only minor pullback to a low of 4,287, residing amid the bullish Ichimoku lines presently at 4,332 and 4,265. The simple moving averages (SMAs) are maintaining firm northbound bearings, providing defences to the positive structure. The short-term oscillators are also indicating price’s preference to steer higher, reflecting the pickup in positive sentiment. The MACD, north of the [..]

US Big Banks Q2 earnings preview: Robust but not amazing – Stock Market News

Posted on July 7, 2021 at 12:02 pm GMT

Although they lag the triple-digit growing businesses in the S&P 500 universe, the shares of US Banks marked a jubilant performance on Wall Street during the second quarter, with some of the biggest institutions chasing fresh record highs. Perhaps the quarterly earnings for Q2 could be relatively less amazing when the results come out next week on Tuesday and Wednesday before the market close but even if that is the case, buying confidence is expected to remain intact in the [..]

Technical Analysis – US 500 index at fresh top of 4,355; upside risks look sturdy

Posted on July 5, 2021 at 1:06 pm GMT

The US 500 stock index (Cash) is consolidating in the vicinity of the 4,350 level, after spiking to a new all-time high of 4,355 on Friday, the former being the 150.0% Fibonacci extension of the down leg from 4,244 until 4,034. The rising simple moving averages (SMAs) are endorsing the bullish picture, while the Ichimoku lines are mirroring a pause in positive momentum. The short-term oscillators are currently mixed as the price persists around its highs. The MACD is far [..]

Technical Analysis – US 500 index tiptoes to fresh all-time high

Posted on June 28, 2021 at 2:38 pm GMT

The US 500 stock index (Cash) has ticked to a new all-time high of 4,289, basically a step or two higher from its June 15 level of 4,267. The firm simple moving averages (SMAs) are shielding the uptrend and are steering the price towards the 4,323 level, which happens to be the 176.4% Fibonacci extension of the down leg from 3,396 until 2,183. The Ichimoku lines have converged and are not reflecting growing positive momentum at the moment. The short-term [..]

Technical Analysis – JP 225 index finds footing after yesterday’s strong pullback

Posted on June 17, 2021 at 3:13 pm GMT

The Japan 225 index (Cash) has improved marginally above the 50-period simple moving average (SMA) and is now tackling the converged Ichimoku lines around 29,168. The SMA’s bullish demeanours have yet to evaporate, which is positive for the upside outlook. The price bounce within the support region between the 28,920 level and the 28,831 low, the former being the 23.6% Fibonacci retracement of the up leg from 27,131 until 29,424, recouped lost ground but the positive drive seems to have [..]

Technical Analysis – US 500 index bit by bit resumes broader bullish bias

Posted on June 14, 2021 at 11:21 am GMT

The US 500 stock index (Cash) is poised to move higher after having registered a fresh all-time high of 4,257. The 50- and 100-period simple moving averages (SMAs) are regaining their positive incline, sponsoring strengthening sentiment in the index. The Ichimoku lines are endorsing positive price action, while the short-term oscillators’ bullish signals appear to be under strain. The MACD is holding above its static red trigger line, while the RSI is struggling to steer higher in bullish territory. Although [..]

Technical Analysis – US 30 index consolidates near highs as bearish pressures fade

Posted on June 3, 2021 at 3:33 pm GMT

The US 30 stock index’s (Cash) latest positive drive seems to have slowed somewhat near its highs. That said the soaring simple moving averages (SMAs) are safeguarding the broader bullish uptrend. Moreover, the Ichimoku lines are endorsing a neutral-to-bullish bearing, while the short-term oscillators are conveying mixed signals in directional momentum. The MACD is standing a tad above its red trigger line, while the RSI is trying to improve in bullish territory. The negative charge in the stochastic oscillator is [..]

Technical Analysis – US 500 sees bullish drive evaporate

Posted on May 31, 2021 at 12:19 pm GMT

The US 500 stock index (Cash) is hovering around the 4,200 mark after recently improving from the 50-day simple moving average (SMA). The advancing SMAs are shielding the broader bullish outlook, while the flattening in the Ichimoku lines is indicating the lack of positive drive within the index. The short-term oscillators are reflecting a muted positive market mood. The MACD is above its red trigger line, slightly north of the zero threshold, while the RSI appears to be fading in [..]

Technical Analysis – US 500 index flashes green above 200-SMA

Posted on May 24, 2021 at 9:50 am GMT

The US 500 stock index (Cash) is conveying a slight increase in positive impetus, after its latest rally off the 4,060 low lifted the price above the 4,151 barrier. The latter happens to be the 23.6% Fibonacci retracement of the up leg from 3,853 until 4,244, and the current vicinity of the advancing 200-period simple moving average (SMA). The marginal upturn in the mid-Bollinger band and the flattening out of the bearish 50-period SMA are together signalling that positive sentiment [..]

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