ForexTime

2021-02-25 06:47:14 If you thought that the meme-stock mania was dead and buried, think again.

The army of day traders on r/WallStreetBets are back, sending their favoured stocks soaring higher on Wednesday:


GameStop: +104% (it added an additional 83% in the after-market session, flirting with the $200 mark).
 
AMC Entertainment: +18% (up another 22% in late trading)
 
Koss: +55% (as much as +82.5% in late trading)
 
Express Inc: +41% (climbed an extra 26% in late trading)
 
Naked Brand Group: +31% (as much as +10% in late trading)


Such gains are in... Read More (https://www.forextime.com/market-analysis/return-reddit-gang) Open / Comment

2021-02-25 06:47:14 Open / Comment

2021-02-25 06:47:13 The Return of the Reddit Gang
https://www.forextime.com/market-analysis/return-reddit-gang Open / Comment

2021-02-24 19:04:46 The Fed Chair’s repeat yesterday of looser for longer policy irrespective of the improving economic outlook has modestly soothed market fears. Mr Powell’s high wire balancing act between acknowledging the upsides ahead while keeping the punchbowl full is seeing bond yields push to new cycle highs with the 10-year US Treasury hitting 1.42%. Next very big resistance stands around 1.43% which is the 2019 low and a major retracement marker of the 2018/2020 decline.

Meanwhile, stocks are mixed after the fun and games yesterday! The tech-heavy Nasdaq was down close to 4% at one point before... Read More (https://www.forextime.com/market-analysis/stocks-stable-yields-rocketing) Open / Comment

2021-02-24 19:04:46 Open / Comment

2021-02-24 19:04:46 Stocks stable, yields rocketing
https://www.forextime.com/market-analysis/stocks-stable-yields-rocketing Open / Comment

2021-02-24 13:17:13 It's game time for Nvidia! 

The multinational technology company is set to release its fourth-quarter fiscal results for 2021 (ending January 31st, 2021) after US markets close on Wednesday 24th February. 

Since the start of the new year, shares of the graphics card specialist have jumped over 8% with further upside on the cards if Nvidia posts a “beat-and-raise quarter”. Given the continued demand from remote-working trends, ramp up of Ampere gaming processors and resurgence in cryptocurrency mining, the business outlook remains encouraging.

What to expect from the... Read More (https://www.forextime.com/market-analysis/earnings-preview-game-time-nvidia) Open / Comment

2021-02-24 13:17:13 Open / Comment

2021-02-24 13:17:13 Earnings Preview: Game time for Nvidia
https://www.forextime.com/market-analysis/earnings-preview-game-time-nvidia Open / Comment

2021-02-24 06:40:50 The ‘buy the dip’ mindset is still alive and kicking, as seen for tech stocks which had endured a bruising past few sessions.

As highlighted in my note yesterday, the Nasdaq 100 minis indeed found support around the 12,750 region before now using its 50-day simple moving average (SMA) as a platform to push higher. The Nasdaq was initially headed for losses by as much as 3.5% to wipe out its 2021 advance, only for market participants to limit Tuesday’s declines to just 0.22% by the end of the session and restore a year-to-date gain of 2.11%.




True believers in the tech sector had... Read More (https://www.forextime.com/market-analysis/buy-dip-sees-us-stocks-bounce-key-moving-averages) Open / Comment