Article By:
Money Morning
Sunday, September 20, 2020 5:12 PM EDT
The Snowflake IPO was an impressive show, so much so that it's allegedly the first IPO Warren Buffett's bought into since Dwight D. Eisenhower lived in the White House and Ford Motor Co. started trading in 1956. Talk about historic.
In this article: SNOW Also: F, GM, AMZN, DELL
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Article By:
Anton Kolhanov
Sunday, September 20, 2020 4:56 PM EDT
The downtrend may be expected to continue in case the market drops below support level 1.910, which will be followed by reaching support level 1.640
In this article: UNG
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Article By:
Benzinga
Sunday, September 20, 2020 4:54 PM EDT
In light of Fed statements, after the ledge proved resistive for two days straight, the market liquidated through Friday’s session, testing and accepting value near a low-volume area that formerly denoted directional conviction to the upside.
In this article: GM, MS, PM, SCGLY, AAPL, GILD, NDAQ, ORCL, MRNA, GOOGL
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Article By:
ForexCycle
Sunday, September 20, 2020 4:36 PM EDT
Nothing changed in our view; USDCAD remains in the downtrend from 1.4667. The price action from 1.2993 is likely a consolidation for the downtrend.
In this article: FXC
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Article By:
Yohay Elam
Sunday, September 20, 2020 4:32 PM EDT
GBP/USD rebounded last week, posting gains of close to 1.0%. The upcoming week has five events, including manufacturing and services PMIs. Here is an outlook for the highlights and an updated technical analysis for GBP/USD.
In this article: FXB
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Article By:
Taki Tsaklanos
Sunday, September 20, 2020 4:30 PM EDT
A noteworthy setup is the one in financial stocks. The XLF ETF is at a make or break level and its chart is special, to say the least. What we see on this chart is a very strong reversal pattern, particularly after the June sell off.
In this article: XLF
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Article By:
Tyler Durden
Sunday, September 20, 2020 4:27 PM EDT
Cathie Wood of ARK Invest said last week she was "happy" to see Tesla shares "get slapped," and was buying more. The head of ARK Invest was not phased by an $82 billion drawdown in Tesla's market cap over the course of just one trading day.
In this article: TSLA Also: SFTBY, ARKW, ARKK
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Article By:
MoneyShow.com
Sunday, September 20, 2020 4:17 PM EDT
Clean Energy Fuels provides natural gas as an alternative fuel for vehicle fleets, helping reduce the amount of greenhouse gas emissions. Sales decreased due to the pandemic, yet we are still confident in the company’s ability to turn a profit.
In this article: CLNE Also: CVX, TOT, TSLA, NKLA
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Article By:
Benzinga
Sunday, September 20, 2020 3:55 PM EDT
After a busy week of double digit IPOs, the next week features a smaller slate of IPOs. This week's offerings will try to match the momentum seen by big debuts from names like Snowflake, JFrog, and Unity Software.
In this article: NVS, DANOY, AMZN, FROG, SNOW, U
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Article By:
Elliottwave Forecast
Sunday, September 20, 2020 3:37 PM EDT
After sellers pushed the price lower, AUDJPY found a temporary lower low. Then, the pair started to make a correction pullback higher.
In this article: FXA, FXY
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Topping is a process, not a moment. If this really is the beginning of a bear market, valuations will compress.
The overall earnings picture has been steadily improving over the last three months as big parts of the U.S. economy have started coming out of the pandemic-driven lockdown.
All the major indices remain above their respective support zones. This is a good thing as it indicates that the bulls have been able to put in a stop. For now, anyway.
The majority of the 25 stocks in the Pure-Play Pot Stock Portfolio performed poorly last week, going down 1.3% on the heels of a 3.1% decline the previous week.
Goldman Sachs and JP Morgan “see the SPX rallying to 3600 by year end." In other words, betting on a resumption of a rally after the current sell-off ends, whenever that may be.
Banks are tired, appearing to need a Fed scam, and world growth could hang in the balance. But the New Normal will be protected.
The overall pattern now looks more bearish to me and I think the index will head lower at least over the next few days.
