50 day sma

Share to Twitter Share to Linkedin Tesla TSLA tried to breakout above its 200-day simple moving average last week but broke below it on Monday as CEO Elon Musk reduced his holdings. Musk sold nearly $7 billion shares between Friday and Tuesday according to regulatory disclosures. He must be protecting his need to own shares of Twitter. It is not surprising that demand for Tesla automobiles is being hurt by inflationary pressures. Rising inflation is starting to cut consumer spending. Credit card balances are said to be at the highest level in more than 20 years. Consumer confidence is starting to decline as Americans begin to live paycheck to paycheck. The stock set its all-time intraday high of $1,243.49 on November 4, 2021 and traded as low as $620.57 on May 24, 2022. This was a bear market decline of 50%. From this low Tesla rebounded by a bull market 51.6% rise to $940.82 on August 4, above its semiannual pivot at $900.00. The Daily Chart … [Read more...] about Tesla Shares Failed To Hold Its 200-Day Simple Moving Average. Here’s How To Trade The Stock Now.

Share to Twitter Share to Linkedin Nvidia NVDA gapped lower this morning on a negative reaction to a partial earnings report. The stock closed last week at $189.89 and traded as low as $172.42 this morning, down 9.2%. Nvidia is above its 50-day simple moving average at $170.18 and above its value level for this week at $169.35. The stock set its all-time intraday high of $346.47 on November 22, 2021 and traded as low as $140.55 on July 5, 2022. This was a bear market decline of 59.4%. From this low Nvidia rebounded by a bull market 37.1% rise to $192.74 below its annual pivot at $195.84. The Daily Chart for Nvidia Shares of Nvidia fell below a death cross on April 21, 2022, when the 50-day simple moving average moved below the 200-day simple moving average. The stock remains below this death cross. Its above the 50-day SMA at $170.17 and below its 200-day SMA at $231.41. There are four horizontal lines. At the top is the quarterly risky … [Read more...] about Nvidia Gapped Lower Monday On Partial Earnings Results. How To Trade This Stock Now

Share to Twitter Share to Linkedin Last Tuesday, shares of insurance provider Unum Group (UNM) jumped after the company reported better than expected quarterly revenue and earnings. The stock is still very appealing from a value perspective and a fresh buy write on the shares looks attractive today. Read below for details. Unum Group (UNM) - Buy Write Buy 100 UNM Sell to Open 1 September 16 $37.50 Call Execute for Net Debit of $35.55 or lower Chattanooga, Tenn.-based Unum Group (UNM) is the largest domestic disability insurer, with the majority of premiums generated from employer plans. The company also offers long-term care insurance, life insurance, and employer- and employee-paid group benefits, and provides group and individual income protection insurance products in the United States and the United Kingdom. One week ago, Unum reported quarterly results that exceeded analysts’ profit and revenue estimates, and it … [Read more...] about Unum Group Buy Write Offers 5.5% Return Potential Next 38 Days

- A + A KUALA LUMPUR (Aug 11): The ringgit ended higher against the US dollar for the third day in a row as the risk-on appetite in markets was encouraged by the lower-than-expected US Consumer Price Index (CPI) data, while the recent jump in the Malaysia’s Industrial Production Index boosted market optimism. At 6pm, the local currency rose to 4.4445/4460 versus the greenback from Wednesday’s close of 4.4545/4570. A dealer said investors reacted with a dovish tilt after the US CPI data was released and the rates markets are now pricing that for the September meeting, the US Federal Reserve would lean towards a 50-basis point (bps) hike rather than 75 bps. “Asian markets could see risk-on demand for equities supported by a weaker dollar,” he added. He noted that investors have shown interest in Bursa Malaysia, which in turn boosted demand for the ringgit. The equity benchmark index breached and stayed above the 1,500-psychological level and ended the day at its … [Read more...] about Ringgit ends higher against US dollar for third consecutive day

- A + A SHANGHAI (Aug 11): China's blue-chip stock index closed higher on Thursday (Aug 11), posting its biggest jump in more than three months, as softer-than-expected US inflation data prompted bets of less aggressive rate hikes from the US Federal Reserve (Fed). Big tech companies listed in Hong Kong snapped a three-day losing streak, helping the city's main stock benchmark rise the most in nearly one month. The blue-chip CSI 300 Index ended 2% higher, while the Shanghai Composite Index gained 1.6%. The Hang Seng Index rose 2.4%, while the China Enterprises Index gained 2.7%. Foreign investors bought more than 13.2 billion yuan (US$1.96 billion or RM8.71 billion) of Chinese stocks via the Stock Connect scheme, the highest in nearly two months. Slowing US inflation may have opened the door for the Fed to temper the pace of interest rate hikes, easing the pressure of capital outflows from emerging markets, including China. Securities firms jumped more than … [Read more...] about China stocks see best day in three months as US rate-hike bets ease

Share to Twitter Share to Linkedin SINGAPORE (August 11, 2022) – The combined wealth of tycoons on the 2022 Forbes’ list of Philippines’ 50 richest fell to US$72 billion from $79 billion last year, amid the country’s recovery from pandemic headwinds. More than two-thirds of the listees saw their wealth shrink. The complete list can be found here and in the August issue of Forbes Asia . The Philippines’ economy grew 8.3% in the first quarter of 2022, as domestic demand started recovering from the pandemic. Newly elected president Ferdinand “Bongbong” Marcos Jr. pledged to keep up the growth momentum. Nonetheless, the pressures of inflation, rising commodity and energy prices as well as reduced exports to China dragged the benchmark stock index down 6% from 11 months ago when fortunes were last measured. The Philippine peso also plunged 12% over the same period. The Sy siblings, heirs to the group built by the late Henry Sy Sr., retain the top spot but … [Read more...] about Wealth Of The Philippines’ 50 Richest On Forbes List Drops Despite Economic Recovery

- A + A (Aug 12): This year's World Cup in Qatar will start a day earlier than originally scheduled with the opening ceremony now taking place before the host nation kick off the tournament on Sunday, Nov. 20 against Ecuador, world governing body FIFA said on Thursday. The original plan was for the opening ceremony to be held before Qatar's first game on Nov. 21, which would have created the unusual situation of two matches - Senegal v Netherlands and England v Iran - being held before the ceremony. Normally, the ceremony is conducted before the kick-off of the first game of the tournament. Hosts Qatar will now make their World Cup debut against Ecuador at 1900 local time after an opening ceremony at the 60,000-capacity Al Bayt Stadium. The change is in line with the long-standing tradition of opening matches involving hosts or holders. The Group A match between Senegal and Netherlands, originally scheduled to be the tournament opener, has been pushed back by … [Read more...] about Qatar to kick off World Cup as finals brought forward by one day

- A + A BENGALURU (Aug 11): The Indonesian rupiah rose to a more than six-week high on Thursday as most Asian currencies gained against a weaker US dollar after softer-than-expected US inflation data tempered worries of aggressive rate hikes by the Federal Reserve. The rupiah and South Korea's won jumped 0.6% each, while the Philippines peso was marginally up. Among other currencies, Malaysia's ringgit and the Taiwan dollar firmed 0.2% each. "Risk appetite across global markets has been improving in recent times, and the rupiah being a high-carry currency in particular has been a big beneficiary," said Alvin Tan, head of Asia FX strategy at RBC Capital Markets. However, Indonesia remains a laggard in Southeast Asia that is yet to raise its interest rate, after the Thai central bank earlier this week raised its policy rates for the first time in four years. In the United States, consumer prices in July were flat sequentially and increased by a weaker-than-expected … [Read more...] about Most Asian currencies rise on US dollar weakness, Indonesian rupiah at six-week high

(CNN) A polio case identified in New York last month is "just the very, very tip of the iceberg" and an indication there "must be several hundred cases in the community circulating," a senior official with the US Centers for Disease Control and Prevention told CNN on Wednesday. The case was found In Rockland County, which has a stunningly low polio vaccination rate. Dr. José Romero, director of the CDC's National Center for Immunization and Respiratory Diseases, noted that the majority of people with polio don't have symptoms and so can spread the virus without knowing it. Polio 101: Signs, symptoms and dangers of an ancient virus "There are a number of individuals in the community that have been infected with poliovirus. They are shedding the virus," he said. "The spread is always a possibility because the spread is going to be silent." A team of CDC disease detectives traveled last week from agency headquarters in Atlanta to Rockland … [Read more...] about ‘Silent’ spread of polio in New York drives CDC to consider additional vaccinations for some people

Source: Reuters While JPMorgan Chase & Co. is urging investors to use an “unsustainable” rally in emerging-market bonds to ditch debt from some of the riskiest corners of the world, Morgan Stanley is recommending they pile up on it. A lower-than-expected US inflation reading released Wednesday should support developing-nation bonds, Morgan Stanley strategists led by Simon Waever wrote in a note, turning bullish on sovereign credit for the first time since November 2020. Just a day before, JPMorgan strategists led by Trang Nguyen said the recent rebound in the asset class won’t last long, suggesting clients dump less liquid names at opportunistic prices and buy cheaper hedges to protect against selloffs. The latest inflation data from the US spurred a risk rally as traders reduced Federal Reserve tightening wagers. The extra yield investors demand to hold emerging-market sovereign debt over US Treasuries narrowed Wednesday, extending the trend since mid-July, when spreads … [Read more...] about Morgan Stanley Bets on EM Debt as JPM Warns Rally Unsustainable