CWG Markets VU

Stock futures oscillated near the flatline Thursday evening as investors looked to keep this month’s gains going.

Futures tied to the Dow Jones Industrial Average ticked higher by 21 points, or 0.06%. S&P 500 futures advanced 0.06%, while Nasdaq 100 futures slipped 0.05%.
Written by Brian Evans
&p500

Our pivot point is at 330.8.

Our preference: our next up target stands at 337.8.

Alternative scenario: below 330.8, expect 328.4 and 327.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Meta Platforms is trading above both its 20 and 50 period moving average (respectively at 331.86 and 332.91).

Oil prices dropped on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lackluster energy demand from Asia.

Brent futures fell 28 cents to $80.90 a barrel by 0001 GMT. U.S. West Texas Intermediate crude (WTI) lost 31 cents to $76.35 a barrel.
Shared by Reuters

Our pivot point is at 240.2.

Our preference: the upside prevails as long as 240.2 is support.

Alternative scenario: below 240.2, expect 233.6 and 229.6.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 239.158 and 238.3638).

Dear CWG Clients,

Thank you for your trust and support for CWG Markets. Since the establishment of CWG Markets, it has been recognized and favored by a lot of traders. With the promotion of popularity in recent years, in order to obtain short-term economic benefits, some fraudsters began to use the internet to induce some users to trade on their clone website. This has the same name of our official website to make it look as though they are trading with a reputable company. This behavior is illegal. In order to protect CWG Markets from infringers and protect the interests of users, our company has set up an investigation team to carry out anti-counterfeiting actions. The followings are part of the information about the fake CWG we found so far or reported by our customers: https://www.cwgmarkets.com/announcement-detail/2055

Our pivot point stands at 423.

Our preference: the upside prevails as long as 423 is support.

Alternative scenario: below 423, expect 385 and 363.

Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 423.9325 and 401.6732). Finally, NetFlix is trading above its upper Bollinger band (standing at 461.34).

Oil prices rose in early Asian trade on Wednesday on Middle East tensions and a weaker dollar, while investors focused on inventory data after a two week delay in reporting.

Brent futures rose 8 cents to $82.55 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude rose 2 cents to $78.28.
Shared by Reuters

Our pivot point is at 4.11.

Our preference: the upside prevails as long as 4.11 is support.

Alternative scenario: the downside breakout of 4.11 would call for 3.91 and 3.8.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 4.0995 and 4.0736).

European markets were muted on Tuesday, with investors looking ahead to preliminary third-quarter gross domestic product data from the euro zone, along with the U.S. inflation print for October.
Written by Elliot Smith & Holly Ellyatt

Stock futures were muted on Tuesday ahead of a closely watched inflation report due before the bell.

Futures tied to the Dow Jones Industrial Average were unchanged. S&P 500 futures were 0.1% higher and Nasdaq 100 futures ticked higher by 0.22%.
Writtrn by Alex Harring

Our pivot point is at 16.7.

Our preference: short term rebound.

Alternative scenario: the downside breakout of 16.7 would call for 16.1 and 15.8.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day moving average (17.026) but below its 50 day moving average (17.2476).

CWG Markets became the Platinum Sponsor of the S13 FOLLOWME Trading Contest 🎉

European markets are heading for a positive open to the new trading week, with investors looking ahead to high-stakes talks between the U.S. and China in the next few days.

Most Asia-Pacific markets reversed gains overnight to trade lower as investors considered economic data releases ahead of U.S. President Joe Biden and China’s President Xi Jinping’s first in-person meeting in about a year.
Written by Holly Ellyatt

171.6 is our pivot point.

Our preference: the upside prevails as long as 171.6 is support.

Alternative scenario: below 171.6, expect 166.3 and 163.2.

Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 168.293 and 168.4278). Finally, Technology Select Sector SPDR has crossed above its upper daily Bollinger band (179.04).

U.S. stock futures inched down Sunday night after Moody’s Investors Service lowered its U.S. credit rating outlook to negative from stable.

Dow Jones Industrial Average futures dipped 54 points, or 0.1%. Futures tied to the S&P 500 and Nasdaq-100 both shed 0.2%.
Written by Hakyung Kim
&p500

Our pivot point is at 407.

Our preference: the upside prevails as long as 407 is support.

Alternative scenario: the downside breakout of 407 would call for 371 and 350.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 409.3055 and 401.2542).

Companies are feeling the ill effects of dampening consumer demand in a range of sectors, but select names are confident they can deliver solid growth even as the economy becomes more challenging.

Wall Street analysts can help investors identify stocks that have what it takes to thrive amid short-term headwinds — and that can offer attractive returns going forward.
Shared by TipRanks.com

Pivot: 28.30

Our preference: short positions below 28.30 with targets at 26.85 & 26.40 in extension.

Alternative scenario: above 28.30 look for further upside with 28.85 & 29.35 as targets.

Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.

SoftBank posted an investment gain on its Vision Fund in the fiscal second quarter but booked another quarterly loss.
The company said the Vision Fund gain was due to a gain arising from the sale of shares in chipmaker Arm to a subsidiary of SoftBank.
This offset a decline in the value of companies SoftBank is invested in such as Chinese artificial intelligence firm SenseTime.
Written by Arjun Kharpal

Our pivot point stands at 2.25.

Our preference: our next up target stands at 2.49.

Alternative scenario: below 2.25, expect 2.16 and 2.11.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 2.2423 and 2.3067).

European markets edged higher on Thursday as momentum in markets picked up on the back of robust corporate earnings.

The pan-European Stoxx 600 was up 0.5% by mid-morning, having reversed opening losses. Travel and leisure stocks sank 2% while industrials added 1.6%.
Written by Holly Ellyatt

Our pivot point stands at 22.5.

Our preference: short term rebound.

Alternative scenario: the downside breakout of 22.5 would call for 21.5 and 20.8.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the share stands above its 20 day moving average (22.9375) but below its 50 day moving average (24.309).

SEC chair Gary Gensler said on Wednesday that crypto exchange FTX could be revived under new leadership.
“Build the trust of investors in what you’re doing and ensure that you’re doing the proper disclosures,” Gensler told CNBC at DC Fintech Week.
FTX founder Sam Bankman-Fried was found guilty of fraud charges last week, and the company has been in bankruptcy for the past year.
Written by Mackenzie Sigalos

Our pivot point is at 1.69.

Our preference: the upside prevails as long as 1.69 is support.

Alternative scenario: the downside breakout of 1.69 would call for 1.65 and 1.62.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 1.706 and 1.7146).

European markets are heading for a negative open, continuing negative momentum since the start of the week.

It’s another busy day of earnings ahead, with Commerzbank, Credit Agricole, Marks and Spencer, Telefonica and ABN Amro all reporting Wednesday. On the data front, euro zone retail sales for September are due.
Written by Holly Ellyatt

Our pivot point is at 88.5.

Our preference: short term rebound towards 99.2.

Alternative scenario: the downside breakout of 88.5 would call for 85.2 and 83.2.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 93.261 and 95.2348).

Oil prices fell on Wednesday to their lowest in over three months, after industry data showed a steep build in U.S. crude supplies, while mixed Chinese economic data raised worries about global demand for crude.

Brent crude futures dropped 25 cents to $81.36 a barrel by 0001 GMT, while U.S. crude futures fell 35 cents to $77.02 a barrel. Both declined to the lowest since July 24 in early Asia trade.

Shared by Reuters

94.75 is our pivot point.

Our preference: short term rebound towards 101.25.

Alternative scenario: below 94.75, expect 92.75 and 91.5.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 97.6375 and 98.8674).

Most consumers in China are planning to keep a lid on spending during this year’s Singles Day shopping festival, according to a survey from Bain and Company.
Excitement has waned, and nearly half of consumers surveyed this year also said they were turning to cheaper brands or private label products, the Bain study found.
This year, “we expect that there is probably going to be more stocking up of consumables,” James Yang, partner at Bain, said in a phone interview.
Written by Evelyn Cheng

Pivot: 161.00

Our preference: long positions above 161.00 with targets at 189.00 & 198.00 in extension.

Alternative scenario: below 161.00 look for further downside with 152.00 & 143.00 as targets.

Comment: the RSI calls for a new upleg.

South Korean stocks fell 2%, leading losses in the wider Asia-Pacific region ahead of trade data coming out of China, as well as a rate decision by the Reserve Bank of Australia.

South Korea’s Kospi lost 2.17%, easing off Monday’s gains when the index posted its best session since late March 2020 after the country re-imposed a ban on short selling. The Kosdaq dropped 1.03%.
Written by Lee Ying Shan

Our pivot point is at 215.4.

Our preference: as long as 215.4 is support look for 228.4.

Alternative scenario: below 215.4, expect 210.6 and 207.6.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Tesla is trading above both its 20 and 50 period moving average (respectively at 219.02 and 215.98).

Major global currencies were steady early on Monday but seemed poised to extend last week’s uptrend as the dollar nursed its losses after the Federal Reserve dialed down its hawkish rhetoric.

The dollar index was flat at 105.11, with the euro at $1.0726. The dollar index declined more than 1% last week, its heaviest fall since mid-July and hit a six-week low.
Shared by Reuters

11.5 is our pivot point.

Our preference: short term rebound towards 13.1.

Alternative scenario: below 11.5, expect 11.1 and 10.9.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 12.279 and 12.6028).

South Korea stocks surged on Monday after the country re-imposed a ban on short-selling, while most Asia-Pacific markets took heart from a soft U.S. jobs report that helped reduce interest rate expectations.

Financial authorities in South Korea said short-selling will be banned until the end of June 2024. Short-selling is when a trader sells borrowed shares to buy back at a lower price and pocket the difference.
WRITTEN BY Shreyashi Sanyal

837 is our pivot point.

Our preference: the downside prevails as long as 837 is resistance.

Alternative scenario: above 837, look for 863 and 879.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 817.05 and 821.31).

Paramount Global’s stock moved higher following a strong earnings report.
The media giant’s shares already jumped 10% during the regular trading day.
Ad revenue, however, was a weak spot for Paramount.
Written by Laya Neelakandan

Our pivot point stands at 50.2.

Our preference: short term rebound towards 61.1.

Alternative scenario: the downside breakout of 50.2 would call for 47.2 and 45.4.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands above its 20 day moving average (54.635) but below its 50 day moving average (58.3968).

Apple indicated on Thursday that it doesn’t expect revenue growth in the December quarter, which is the busiest time of the year.
CFO Luca Maestri said revenue in the period will be “similar” to a year ago, while analysts were expecting growth of about 5%.
For the latest period, Apple reported its fourth straight quarterly revenue drop.
Written by Kif Leswing

输入说明文字... Our pivot point is at 2.19.

Our preference: short term rebound.

Alternative scenario: below 2.19, expect 2.11 and 2.06.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above its 20 day moving average (2.2333) but under its 50 day moving average (2.3223).