CME tested its 200d MA and could represent a buying opportunity. We can also see some significant volume was exchanged b/w 200-210. Moreover the CME usually benefits in times of hightened volatility. Given the broad market parabolic move, a hedge against the volatility is always welcome.
Apple revenue warning could be a wake-up call for the markets. The coronavirus should have a temporary impact on the global economy, but the magnitude and length of this impact is still a grey area. Below is a weekly chart of the Nasdaq 100. The latter looks clearly overbought. It duplicated exactly 100% of the 2016/2018 rally, but in twice less time with a near...
China consumers make for 45% of sales, while tourism sale smake for 50% of sales. It will also be important to monitor the evolution of coronavirus. The scientific community is still learning about the virus and there is still a lot of unknown. Financial market’s belief that the disease has been contained may be over-optimistic. Sell with a stop at $78
Swatch already suffering sales growth will hav eto overcome naother choc with the corona virus. According to UBS Swatch is most at risk with 50% exposure to chinese consumers, and 50% exposure to global tourism Sell with stop above the 61.8% level at 266
Yum Brands on Thursday warned that its 2020 results could fall short of its long-term outlook as the Wuhan coronavirus outbreak weighs on sales in China and Pizza Hut struggles to turnaround its U.S. business. Yum’s long-term outlook includes annual same-store sales growth in a range of 2% to 3% and net new restaurant growth of 4%. Here’s what the company...
Is the market too complacent on Conorona Virus?: the market anticipates, the crisis is only temporary and should soon be behind us. It will be important monitor the evolution of infected cases and other headlines on suspended activities in China (closed shops, airport traffic etc…). Further deterioration of the situation could change the market belief. LVMH...
64% of revenue is linked to Macau, where visits were down 80% according to the company. Despite news of a breakthrough in a drug to prevent further spread of the disease, it may take some time before the confidence is restored. The stock retraced 61.8% of the downmove and could be a good short opportunity. Use a stop above the highs at 74
Dow intraday: the downside prevails below 28900. Intraday support: ***28400 (previous low, 50 Day MA), 28151 Intraday Resistance 28700 (previous close), 28900 (50% fibo, gap), 29000 (week pivot, 61.8% fibo) Note that the DOW 30 is a lot weaker than the other US indices, and may not be representative of the broader US market. The Dow trades near...
Markets have been struggling to find a clear direction split between : a. improving macro and solid quarterly earnings b. corona virus uncertainty and simply the need for respite after a huge 2019. With most of the Fangs having released their numbers, the effect of earnings could be waning. Additionally, without any new bullish catalyst expected in the...
AXON formerly TASER international. They are the market leader for Tasers (70% of US patrol carry one) and bodys cameras for US law enforcement (47 of 59 large cities) Its cloud business for storing police records and videos of its own market leading body camera's is the next big growth opportunity. The Axon cloud represented 25% of revenue in the last quarter...
Dow intraday: Upside prevails. The US index failed maintain ground and now trades at week’ low, which is slightly concerning, however we have not breach the previous high (29025), nor have we done a lower low (28740), hence the configuration remains bullish. Intraday support: 29025, 28895, and 28740 Intraday Resistance: 29180 (daily pivot),...
DAX intraday : Neutral. the index failed to maintain ground after hitting new all time highs. It now moved back into its short-term range. The bottom of the range at 13380 should act as buying support. The configuration would turn bearish in case of a break below. Intraday supports: 13430 (Tuesday low), 13380 (range low), 13470 (week pivot) Intraday...
Dow intraday: Bullish but potential consolidation intraday. The Dow printed fresh highs on Friday, but currently trades below its daily pivot, and could consolidate further in case of a break below Friday’s low at 29250. Intraday support: 29250 (Friday’s low) 29090 (weekly pivot), and 29015 Intraday Resistance: 29300 (daily pivot), 29367...
DAX intraday : Neutral. The index moved back to the top of its range, but failed to breach new highs. Intraday we could see a return towards the middle or the bottom of the range Intraday supports: between 13450 (gap, middle range) and 13380 (bottom of range) Intraday resistance: 13560 (top of range) and 13605 (All time high) As opposed to US...
Marvell is best midcap to capitalize on 5G deployment acceleration. A break out to all time highs paves the way for $34
Important volume stepped in around $56/60, and the stock has since then initiated a rebound after an ugly downmove following a downward sales guidance last august on growing competition and bad sales execution. The stock accelerated above $70 critical level, and could fill the huge gap at around $80. Stop below $69 Earnings are on 4th, yet the downside could be...
US equities are at all time highs, but this is largely driven by bluechip tech stocks ( AAPL , MSFT , GOOG etc...), which indicates investors are still cautious going for the safe bets or passive index investing. Further improvement in sentiment should support value shares. Berkshire shares is probably the best single way to play it. The stock broke out after...
US equities are at all time highs, but this is largely driven by bluechip tech stocks (AAPL, MSFT, GOOG etc...), which indicates investors are still cautious going for the safe bets or passive index investing. Further improvement in sentiment should support deep value plays such as regional banks. Rising yields should also benefit the financial...