News
US CPI Up NextAhead of the weekend we have one last major data focus today; US May CPI. The release is drawing plenty of attention ahead of next week’s FOMC meeting. We’ve heard plenty of debate recently between Fed hawks and doves. On the one hand, hawks are sticking to the view that the Fed […]
Activision Blizzard Inc. ATVI, -0.39% Chief Executive Bobby Kotick sent a letter to employees Friday, after a majority of quality assurance (QA) employees at subsidiary Raven Software chose to unionize. Kotick said the videogame maker will engage in “good faith negotiations” with the Communications Workers of America representing Raven Software employees, to enter into a […]
All three major stock benchmarks were trading sharply lower Friday morning after government data showed inflation surged more than expected in May to the highest annual rate since 1981. The Dow Jones Industrial Average DJIA, -2.73% was down around 585 points, or 1.8%, while the S&P 500 SPX, -2.91% slid 2% and the Nasdaq Composite […]
All 30 components of the Dow Jones Industrial Average DJIA, -2.73% are falling Friday, as data showing inflation continued to surge fueled another broad-market selloff. The Dow’s biggest percentage decliner was Salesforce Inc.’s stock CRM, -4.63%, which dropped 4.5%. The biggest drags on the price-weighted index were shares of Goldman Sachs Group Inc. GS, -5.65%, […]
Type: Bearish MomentumKey Levels:Resistance: 62362Pivot: 61483Support: 60211Preferred Case:On the H1, price has broken out from the ascending channel and is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 61483 in line with the overlap resistance to the 1st support at 60211 in line with the […]
Type: Bearish MomentumKey Levels:Resistance: 51144Pivot: 51040Support: 50683Preferred Case:On the H1, price is moving within the descending channel , MACD is showing bearish momentum and price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 51040 in line with the overlap resistance to the 1st support […]