- This topic has 27,697 replies, 54 voices, and was last updated 41 minutes ago by .
-
Advanced Micro Devices Inc. – AMD
After falling nearly 5% in Pre Market trading today, AMD vengefully rebounded back Up and finished the day around 6% higher.
It closed at 172.40 just shy of resistance at 173.00, but right now in Post market it is above it comfortably.
For additional gains tomorrow it has to take out 176.30 or face another downturn, this time targeting 161.50 first and 151.60 afterwards – Major support line right now.
Eli Lilly and Company – LLY
Shares of global pharmaceutical company Eli Lilly fell 13.9% in the afternoon session after its oral weight-loss drug trial results disappointed investors, overshadowing an otherwise strong quarterly earnings report and guidance increase.
Now I know how many will look at what I am going to say, but this is as technical as it can get…
Channel Support line dating back from 2022. was savagely broken today on the open – with a down gap of about 70 $.
But it not ended up there…stock went down about 15%
Now we have two possible supports below: 630.00 & 565.00
DAX
Dax managed to go over 24K , but stayed short of 24.435 – resistance.
Fact that it closed above 24.150 is giving it a fair chance to attack tomorrow 24.515 and ultimately previous high at 24.640
For this move to be just a test of the previous high or even a bit higher high, it has to go over 25.050 in which case it would establish itself in the higher channel with targets as high as 27.300 & 29.500
What’s hot and what’s not?
What’s hot?
Dollar went from cold to hot with only GBPUSD up on the day.
GOLD is up but off its earlier 3397 high.
What’s not?
EURUSD down after losing its bid (but still above 1.16) after offsets from EURGBP selling following the BOE split rate cur decision.
US stocks went from hot to cold as profit-taking took over.
What’s hot/not?
US bond yields steady
GBPUSD
The saying markets move most when there is a surprise proved true again today following the voting split in the BOE rate cur decision
As the chart shows there are layers of resistance above the market, the 1.3452 level blocks a return to 1.35.
Support zone 1.3345-85
Note focus on EURGBP (lower) after the BOE providing GBPUSD support.
GBPUSD 4 HOUR CHART
Power of “50”
EURUSD unable so far to distance from 1.1650
My Favorite Trading Secret: The Power of the “50” Level
ETHUSD – Ethereum
Ether is moving – again…
Ether successfully mastered 3735.00 resistance and is now just below another important one at 3885.00
It is in a very Bullish pattern and it should be testing 4 K soon.
4110.00 is the last barrier in front of possible taking of previous all time high at 4865.00
To do it so, first target comes at 4325.00 in this wave.
US weekly jobless claims due next… markets will be sensitive to any signs of higher claims after the NFP miss last week.
See our Economic Data Calendar
- You must be logged in to reply to this topic.