Jiming Huang / Blog
In the commodity market, oil prices are somewhat bearish after opening higher. The concerns over the new COVID strain offset the optimism surrounding the UK approval of AstraZeneca’s vaccine. Both WTI and Brent have lost 0.10% so far...
US equities moved higher on Wednesday, after retreating during the previous session. The upbeat mood prices in investors’ hope that 2021 will be a much better year for the economy, which may be pushed by COVID vaccine rollouts and more stimulus...
In the weekend, Trump surprisingly signed a massive $2.3 trillion stimulus bill that includes the $900 billion relief package approved by Congress. Meanwhile, the US continues to report a high number of COVID infections and deaths...
US equities ended lower on Tuesday, retreating from all-time highs. Investors are concerned about the Senate’s delay to approve additional COVID relief checks. Previously, incumbent President Donald Trump proposed direct payments to be increased from $600 to $2,000...
Pivot (invalidation): 47.75 Our preference Long positions above 47.75 with targets at 48.60 & 48.95 in extension. Alternative scenario Below 47.75 look for further downside with 47.50 & 47.20 as targets...
Pivot (invalidation): 26.1100 Our preference Long positions above 26.1100 with targets at 26.7700 & 27.0000 in extension. Alternative scenario...
Pivot (invalidation): 1876.00 Our preference Long positions above 1876.00 with targets at 1894.00 & 1900.00 in extension. Alternative scenario Below 1876.00 look for further downside with 1869.00 & 1862.00 as targets...
Pivot (invalidation): 3743.00 Our preference Short positions below 3743.00 with targets at 3722.00 & 3704.00 in extension. Alternative scenario Above 3743.00 look for further upside with 3756.00 & 3769.00 as targets...
Pivot (invalidation): 13920.00 Our preference Short positions below 13920.00 with targets at 13710.00 & 13580.00 in extension. Alternative scenario...
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