Day: September 15, 2022
Type: Bullish Rise Key Levels:Resistance: 21735Pivot: 20000Support: 18330 Preferred Case:On the H4, price has pulled back but we’re looking for a reversal at 20000 where the 61.8% retracement and 78.6% projection sits. If price still respects the ichimoku as well as the bullish breakout, it should bring price to 21735 where the previous swing high […]
Oil Traders Cut Longs Again The latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions last week from around 229k contracts to roughly 214k contracts. The net-long position in oil has been steadily worked back from its mid-August highs around the 246k contract mark with the shift in sentiment […]
Roblox Corp. RBLX, -3.48% shares continued to decline following Thursday’s close after the social-media platform released August metrics. On Thursday, the company said that its number of daily active users rose 24% to 59.9 million for the month of August, revenue was between $208 million and $211 million, for a 22% to 24% rise from […]
U.S. stocks closed lower Thursday as investors weighed economic data on retail sales, unemployment claims and manufacturing amid worries that the Federal Reserve risks triggering a recession by continuing its aggressive pace of rate hikes. The Dow Jones Industrial Average DJIA, -0.56% fell 0.6%, while the S&P 500 SPX, -1.13% fell 1.1% and the Nasdaq […]
Shares of UnitedHealth Group Inc. UNH, +2.58% surged 2.9% in afternoon trading Thursday, enough to pace the Dow Jones Industrial Average’s DJIA, -0.56% gainers, as a raised profit outlook by fellow health care services company Humana Inc. HUM, +8.37% provided a boost. UnitedHealth’s stock’s $15.01 price gain was adding about 99 points to the Dow’s […]
Wedbush analysts added Deckers Outdoor Corp. DECK, +1.48% to their Best Ideas List Thursday, writing that the owner of UGG was a rare earnings success story in an “extremely challenging retail environment” last quarter, as the company was among the few in the sector to increase its outlook. “The rapidly-growing Hoka brand remains one of […]
Shares of Humana Inc. HUM, +8.37% bounced 2.0% in premarket trading Thursday, after closing at a three-month low in the previous session, as the health care services company raised its full-year profit outlook. The company now expects net earnings per share of “approximately $23.08,” up from a previous estimate of “approximately $20.30.” Excluding nonrecurring items, […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a reversal pattern Harami. The quotes can go by the signal in a descending impulse, possibly aiming at 0.9875. However, the price may grow to 1.0035 and bounce off this level, continuing the downtrend after the correction. USDJPY, “US Dollar […]
Railroad operator CSX Corp. CSX, -3.39% said Thursday it has named former Ford Motor Co. F, +1.57% executive Joseph R. Hinrichs as chief executive and president effective Sept. 26. Hinrichs will replace James M. Foote, who is retiring and will also step down from the board. The executive was most recently president of Ford’s automotive […]
Oil futures declined on Thursday, with U.S. prices settling at their lowest in a week. “Oil fundamentals are still mostly bearish as China’s demand outlook remains a big question mark and as the inflation fighting [Federal Reserve] seems poised to weaken the U.S. economy,” said Edward Moya, senior market analyst at OANDA. October WTI crude […]
