The close above the value of the downtrend line was the first signal that the downtrend had ended.
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The close at 2347,217 is above the value of the downtrend line and is the first signal that the downtrend has ended.
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Note that the market can rally to 5050 to the value of the downtrend line and still remain in a long term downtrend.
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Meanwhile, the six-month downtrend remains intact until a close above $11,300, and the near-term downtrend remains intact until a close above $8,500.
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Note that the market can rally to 5050 to the value of the downtrend line on the weekly chart and still remain in a long term downtrend.
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Dubai's index has been in a gradual downtrend since early April, but a positive 14-day momentum divergence at last week's low suggests that downtrend may be ending.
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"This is a stock that's sort of been in a downtrend for quite some time, but that downtrend is starting to flatten out here in the low 20s," Johnson said.
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All signs are pointing to a bearish downtrend, Wald said.
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The stock has been on a downtrend since Oct. 2018.
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You've broken the downtrend line we had from December 2016.
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This is usually associated with the beginning of a downtrend.
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Commonwealth Bank shares bucked the downtrend and rose 20.39 percent.
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The strength of this downtrend line is a bearish feature.
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The stock has recently broken a major downtrend, Johnson noted.
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The index has been in a downtrend since late July.
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However, not everyone believes that Microsoft could see a downtrend soon.
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I'm not interested in the stock until you reverse the downtrend.
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Obviously, one quarter of declines does not a generalized downtrend make.
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The downtrend line is anchored with the highs in December 2015.
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We see this as a resumption of GE's long-term downtrend.
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A sustained fall below 4950 confirms the continuation of the downtrend.
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The downtrend trend line in the pattern started in September 2011.
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"[However], we're in the belief that we're in a decent downtrend."
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The weekly gold chart shows a series of fan downtrend lines.
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The reverse — the beginning of a downtrend — is not immediately true.
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The GMMA analysis shows a very strong downtrend remains in place.
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This shows trend weakness and the development of a new downtrend.
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"You can see the downtrend in their population," Dr. Duffus said.
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Since then, however, it appears the downtrend has broken, says Yamada.
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Price has moved above the downtrend line in a sharp rally.
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Ford's stock has been in a downtrend since the summer of 2014.
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Last year's downtrend, which saw inventory fall by 69,000 tons, has dissipated.
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After a fall, and rebound rally, the gold price resumed its downtrend.
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Despite the downtrend in unwanted pregnancies, disparities still exist among certain groups.
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But in recent weeks, the riyal's downtrend in that market has slowed.
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That climb has reversed the general downtrend the currency saw over 2017.
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The previous long-running downtrend has been brought to an abrupt halt.
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Last year's downtrend, which saw inventory fall by 69,000 tonnes, has dissipated.
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The GMMA analysis shows the long downtrend has the potential to change.
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This break below $6,450 confirms bitcoin's downtrend, according to one Fundstrat analyst.
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However, the fall below the second support feature has confirmed the downtrend.
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The second retreat from the line confirms the continuation of the downtrend.
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"Heightened uncertainty will keep the pound on a general downtrend," he added.
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Those are bearish features that signal a continuation of the current downtrend.
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TECHNICALS: Copper broke above its recent downtrend line coming in at around $6,040.
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This support band is a significance barrier to a continuation of the downtrend.
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It's a validly placed and effective trend line that defines the DAX downtrend.
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The pair is using the long-term downtrend line as a support level.
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Lang also believes that the recent downtrend could be coming to an end.
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The downtrend is well defined by the Guppy Multiple Moving Average (GMMA) indicator.
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That month saw a five-year downtrend bottom out at $4,318 per tonne.
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The broad market and key leadership sectors are breaking out of a downtrend.
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"A continued downtrend is as likely as reversion to normal," Mr. Summers said.
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The Guppy Multiple Moving Average indicator shows a strong downtrend remains in place.
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Therefore, a ratcheting up in trade war rhetoric is consistent with the downtrend.
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The spike in yields broke through a 1981 downtrend that Yamada had been tracking.
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"There is a sort of a downtrend, I think, in entrepreneurial spirit," Knight said.
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Growth expectations may not entirely point to a downtrend, according to one portfolio manager.
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Erin Gibbs of Gibbs Wealth Management sees a different Dow stock reversing its downtrend.
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The current fall below $0.715 is the signal for a resumption of the downtrend.
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Platinum's technical picture has also improved after it rose above a long-term downtrend.
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And more such episodes seem inevitable, if LME stocks extend their long-running downtrend.
|
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That steady downtrend, however, has gone into sharp reverse over the last few months.
|
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U.S. crude futures recovered on Wednesday, but have been in a downtrend since October.
|
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Both traders and investors agreed it was time to sell, and the downtrend accelerated.
|
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The downtrend has not ended, but the process of a trend reversal is developing.
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In turn, greater capital deepening would help reverse the recent downtrend in productivity growth.
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|
A move to below zero indicates a change in momentum direction, usually a downtrend.
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The resulting bear rout has halted a six-month downtrend in the outright nickel price.
|
|
This confirmed that a trend change has developed and that the downtrend pressure has weakened.
|
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According to Gordon's downtrend line, the UUP could break past $24.75 in the short term.
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But he called the bounce a "bear market rally" that would not reverse the downtrend.
|
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The four downtrend lines have a common starting point from the high of October 2012.
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The four downtrend lines have a common starting point from the high in October 2012.
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The four downtrend lines have a common starting point from the high in October 2012.
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We're very close to reversing this kind of longer-term downtrend on that relative performance.
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According to Nathan, now that the downtrend has been broken, traders are piling into gold.
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The recent rally from $1.04 has used the downtrend line A as a resistance level.
|
|
Currently the long term group of averages remains well separated and confirms the downtrend strength.
|
|
Qatar bucked the downtrend with its index gaining 2330 percent to a 20.2-month high.
|
|
The four downtrend lines have a common starting point from the high in October 2003.
|
|
This price activity may help to establish a fifth downtrend line in the fan pattern.
|
|
After a long, plodding downtrend, Singapore's housing market may be gathering forces for a rebound.
|
|
Bitcoin dropped below $8,000 to five-week lows, entering a downtrend channel on technical charts.
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|
TECHNICALS: Nickel last week burst above a long-term downtrend from 2085, triggering technical buying.
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The litany of reasons for the downtrend are numerous — geopolitical, political, inflation, and interest rates.
|
|
The Dow has never fully recovered, although it has not yet started a new downtrend.
|
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They believe this heralds the beginning of a new downtrend, with a target near $32.
|
|
A change in the downtrend is signaled when the long-term GMMA begins to compress.
|
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That did not develop and is the key clue to the continuation of the downtrend.
|
|
Over in the Greater China region, markets continued their downtrend from the past few days.
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|
"This is occurring within the confines of this very long four-decade downtrend," he said.
|
|
The downtrend in LME stocks was starting to look just a bit too neat and managed.
|
|
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent, resuming the recent downtrend.
|
|
Many people believe that when this happens it means a new downtrend starts, but they're wrong.
|
|
A case in point is the line chart of the dollar index with a downtrend line.
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|
Secondly, he says Intel has recently broken downtrend resistance and has actually established a new support.
|
|
Qatar Islamic Bank bucked the downtrend, gaining 20.6 percent in its heaviest trade since last March.
|
|
"You can see that we're in a fairly well established downtrend here in Nvidia," said Gordon.
|
|
However, Wald said it's still too soon to write off the broader downtrend in biotech stocks.
|
|
"You can make the case that this stock is now overbought in a downtrend," Wald said.
|
|
A breakout above the fifth downtrend line in the fan pattern is a strong buy signal.
|
|
To a large extent, Egypt is simply being caught up in a broad emerging market downtrend.
|
|
Zinc's extraordinary price gains this year were accompanied by a reassuringly constant downtrend in LME stocks.
|
|
Material stocks also joined the general downtrend, losing as much as 13 percent in morning trade.
|
|
Then, if it's violated support, your next question of course is: Has it entered a downtrend?
|
|
The Australian dollar broke the long-term uptrend in April and quickly developed a substantial downtrend.
|
|
Demand for manufactured capital goods surged in July, indicating the prolonged downtrend in business spending is abating.
|
|
On a chart of GLD, Worth looks at both the uptrend and downtrend lines for the ETF.
|
|
Using those dates as our guide, we looked for assets that have historically bucked the summer downtrend.
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|
But in the near term, he advises caution since he thinks it's still in a sharp downtrend.
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|
"To get long Tiffany, I would need confirmation the downtrend is ending and I'm not," he argued.
|
|
"But more importantly, for the first time in three years we are in a downtrend," Krinsky added.
|
|
However, it is an indication that the relentless downtrend pressure in the copper price may be easing.
|
|
Gasoline consumption has been rising strongly since 2013, and especially 2014, reversing the previous downtrend since 2007.
|
|
Time-spreads flexed into backwardation as a long-running downtrend in exchange stocks squeezed short position holders.
|
|
Bitcoin was able to recover after Sunday's bloodbath on Monday, but it has since continued its downtrend.
|
|
However, since early 2202, new-home sales have started to mirror the downtrend in existing-home sales.
|
|
"The XLE, which was trapped in a downtrend, closed above the 50-day moving average," he said.
|
|
Despite some upticks over the last few years, bond yields have consistently returned back to their downtrend.
|
|
Most are in supply surplus but you wouldn't necessarily know that from the downtrend in LME stocks.
|
|
First, he sees a "downtrend resistance" near $10.25 that USO broke through, but then fell back below.
|
|
The "arrivals" showed up in today's LME stocks report and break a long-running downtrend in LME stocks.
|
|
That said, UBS' global wealth management division sees a long-term downtrend for the dollar versus the yen.
|
|
ANZ bank said that there were signs that a renewed downtrend could be imminent for crude oil prices.
|
|
After a downtrend in the first few months of the year, bitcoin has stabilized between $8,000 and $9,000.
|
|
Crude's 150-day moving average has edged lower, to about $41, which further indicates a downtrend to Worth.
|
|
This has seen a test of the downtrend, a retest and breakthrough and then a retest and rebound.
|
|
Note, these are not Fibonacci fan lines, they're a series of downtrend lines with a common starting point.
|
|
With that said, the consistent downtrend in adtech investing activity depicted in the first chart might suggest otherwise.
|
|
"Investors are still looking for alternative safe assets to gold and the main downtrend appears unchanged," he added.
|
|
I'd like to put a trade on in anticipation of a break of that downtrend line right there.
|
|
Its 50-day and 200-day moving averages have also begun to turn upward, indicating a downtrend reversal.
|
|
The recent rally from near $1.05 remains part of the strong downtrend move towards the $1.00 support target.
|
|
The second significant feature is the value of trend line A. This line defines the long-term downtrend.
|
|
Many market players think dollar/yen is still firmly in the downtrend seen since the start of year.
|
|
The rate of increase in household lending has continued to slow, while housing prices have continued their downtrend.
|
|
They are not Fibonacci fan lines, they are a series of downtrend lines with a common starting point.
|
|
The prolonged, steady downtrend in the currency is well defined using a Guppy Multiple Moving Average (GMMA) indicator.
|
|
"This chart is obviously more in a stronger downtrend than what we saw in the transports," he said.
|
|
Base metals saw a downtrend this week, mainly due to a strengthened dollar and disappointing Chinese economic data.
|
|
It is clear the uptrend has ended but the nature of any new downtrend is not yet clear.
|
|
Yet, Worth believes the ETF's recent break above that three-year downtrend could be indicating some upside ahead.
|
|
Hansen said the downtrend would likely accelerate unless gold held above multiple layers of support slightly below $93,240.
|
|
Trade war threats have not turned the uptrend into a downtrend, but they have neutered all trending activity.
|
|
The euro, as a result, has been on a downtrend since the beginning of the year, down 1.7%.
|
|
Bullion has been on a downtrend since touching $1,365.23 on April 11, then the strongest since Jan. 0433.
|
|
It's not a signal of a strong or sudden trend reversal, but it shows downtrend pressure is reducing.
|
|
The long-term GMMA shows no signs of compression and that suggests the downtrend continues to develop strength.
|
|
Still, investors should consider that any meaningful break above $1,375 would confirm that the multiyear downtrend has reversed.
|
|
Despite the downtrend, Willi said sentiment around Square is overly negative given its strong fundamentals and improving valuation.
|
|
Technicians view the bearish cross as marking the spot a short-term pullback graduates to a long-term downtrend.
|
|
"It broke a long-term downtrend from 2016 and I think there's upside here to about $127," Baruch added.
|
|
The stock saw a similar downtrend after the customer relations management cloud company bought Mulesoft in 2018, Cramer noted.
|
|
The XBI specifically broke through a downtrend line and has broken through a $58 resistance level, according to Wald.
|
|
Experts say the welcome downtrend is mostly attributable to the burgeoning use of long-acting contraceptive methods, especially IUDs.
|
|
It was broken in July 2016 with a clear move and close above the value of the downtrend line.
|
|
And on a weekly chart, Keene points to a downtrend, and again sees a level of support at $90.
|
|
"We need to see a close on Uber above about $44 to really reverse the downtrend here," he added.
|
|
Lyons then turns to the line connecting the market's recent tops, which he considers to be its downtrend line.
|
|
The short-term group of averages has compressed as the price moved towards the value of the downtrend line.
|
|
Since 1980, interest rates have been in a downtrend making it difficult to support the recent bounce in banks.
|
|
On top of this, Wald's chart shows that a short-term downtrend has recently been broken to the upside.
|
|
This pattern usually contains four to five downtrend lines and is also defined by an extended consolidation support base.
|
|
"You can see a clear downtrend reversal that's starting to form here," he said after analyzing the trading pattern.
|
|
It is a dangerous feature because a drop below the two support features signals a change to a downtrend.
|
|
The small-cap Russell 2000 again bucked the overall downtrend Thursday and closed at a second straight record high.
|
|
Today, when the S&P moved into the 2,13 range — the key breakout from that downtrend — the market lifted.
|
|
Finally, here's an important point: Breaking out of a downtrend does not mean we are in a convincing uptrend.
|
|
Moreover, Worth noted that shares of the health-care giant recently broke above a key downtrend level around $121.
|
|
For investors looking to take profits in the name, Lebenthal suggests watching the charts to identify a coming downtrend.
|
|
The market retreat on March 236 is a continuation of an established downtrend and a failure of breakout activity.
|
|
A downtrend in retro logo apparel could help Under Armour recapture some of its lost share in North America.
|
|
Strategas technical analyst Chris Verrone believes the downtrend is here to stay, especially given the risk associated with crude stocks.
|
|
Keene has picked one gold stock that he sees following an expected downtrend for the metal in the coming months.
|
|
That's based on his analysis of a short-term chart showing that Netflix's stock had already been in a downtrend.
|
|
Wald noted its downtrend indicative of underperformance, and believes retail is headed for another 5 percent of underperforming the market.
|
|
Gundlach said gold prices, which have broken their downtrend line, were on the verge of breaking out to the upside.
|
|
You're still very much in a downtrend," Piper Jaffray chief market technician Craig Johnson said Friday on CNBC's "Trading Nation.
|
|
"We are playing a short-term bounce in the SPY in what could be a more established downtrend," added Gordon.
|
|
The U.S. manufacturing Purchasing Managers Index, a measure of manufacturing sentiment, is in a downtrend, following on global weakness. 6.
|
|
This will also signal a breakout from the downtrend in the dollar yen with an initial upside target near $1.12.
|
|
Bond yields have been on a general downtrend for decades, leaving traders strapped in their search for high-yielding investments.
|
|
Examining a five-year chart of the XME, Johnson noted a recent reversal of its downtrend that began in 2014.
|
|
"[The downtrend] has been so well-defined and has made a series of lower highs and lower lows," Nathan said.
|
|
It has started to erode the 55 day moving average and attention is on the four-month downtrend at $1,213.57.
|
|
This is not an overshoot of the $0.715 target; it's a reaction away from the resistance features of the downtrend.
|
|
And the emerging downtrend in oil prices has emboldened managers to increase their bearish bets on short-term oil prices.
|
|
"This is the issue that's on the table right now beyond the broader negative downtrend in the dollar," Innes said.
|
|
Some NBFCs continued their downtrend, with Dewan Housing Finance down 2.4 percent but Bajaj Finance Ltd gained over two percent.
|
|
The Euro-dollar chart reflects this growing concern with a retreat from resistance and the development of a rapid downtrend.
|
|
" On a 60-minute chart of the SPY, he says the ETF has been "fairly well-contained in downtrend resistance.
|
|
The XBI biotech ETF, he said, has reversed a downtrend to buck some of the sharper dips in the market.
|
|
It is currently in a solid downtrend after tumbling more than 5 percent in June, its worst month since February.
|
|
This has been followed by an equally sharp retreat and a rebound from near the value of the downtrend line.
|
|
A continued downtrend could cause economists to start marking down what have been increasingly aggressive forecasts for full-year growth.
|
|
Meanwhile, Wall Street analysts are noticing a downtrend in user engagement following increasingly negative reviews of the app's recent redesign.
|
|
On top of that, Allergan broke its downtrend line last month, making both higher highs and higher lows as it rallied.
|
|
Sometimes, the "falling wedge" may materialize near the end of a prolonged downtrend where it can act as a reversal pattern.
|
|
I think that, really, any move over $12 would help to break this downtrend," Newton said Tuesday on CNBC's "Trading Nation.
|
|
The downtrend has been running for seven consecutive months but there has been a marked acceleration since the start of January.
|
|
Comerica has declined more than 30 percent from its March 2018 all-time high, and Goldman Sachs sees that downtrend continuing.
|
|
This will also signal a breakout from the downtrend in the dollar yen with an initial upside target near 112 yen.
|
|
The stock has been stuck in a brutal long-term downtrend, falling more than 90 percent in the past five years.
|
|
LONDON (Reuters) - The wild two-year downtrend in energy prices has been a nice ride for one phlegmatic Swedish hedge fund.
|
|
Bitcoin steadied above $6,500 in the past two weeks, presenting a level of support and breaking through the March downtrend resistance.
|
|
This rally is the beginning of a change in the direction of the trend from a downtrend to a new uptrend.
|
|
"There is no fundamental justification whatsoever to think that the current downtrend is changing," said PVM Oil Associates analyst Tamas Varga.
|
|
Energy stocks have been on a massive downtrend from the 2014 highs, and are now right up against that $40 level.
|
|
Also weighing on nickel are increases in stocks in LME-approved warehouses, which have been on a downtrend since late 2017.
|
|
"The downtrend isn't even broken until the euro gets to about this $125 level as we currently trade $112," he said.
|
|
Investors watch for the development of a series of rebound rallies to confirm that the momentum of the downtrend has slowed.
|
|
He is referring specifically to a new support level that has formed in Salesforce as the result of a recent downtrend.
|
|
Longer-term, you need a close above $15, or $16, to reverse that downtrend," Johnson said Monday on CNBC's "Power Lunch.
|
|
Even though the Shanghai share average remained stuck in a downtrend, Hao suggested that some near-term upside is a possibility.
|
|
Bond yields rose from the late '0003s into the 2000s, before entering a secular downtrend from the early '210s to today.
|
|
The inverse head and shoulders pattern typically suggests a downtrend is about to end as the price breaks through previous resistance levels.
|
|
"We see gold resuming its downtrend, especially heading into next week's Fed meeting," INTL FCStone analyst Edward Meir said in a note.
|
|
China's foreign-exchange reserves data for January, due on Tuesday, may surprise on the upside after a long downtrend, an analyst said.
|
|
Stocks began ticking lower four weeks ago, but the oil market needs to see a stronger downtrend before it rallies, says Schnider.
|
|
Bucking the downtrend, Australian stocks held steady as weaker-than-expected local job data supported expectations for a central bank rate cute.
|
|
"I see a 200-day moving average that's just sloping down, which means we still have a downtrend," Todd Gordon of TradingAnalysis.
|
|
As for the rest of the space, Wald says this latest breakdown is just another leg in an overall downtrend since October.
|
|
A trend line uses three anchor points created by the peak highs in a downtrend, or the valley lows in a uptrend.
|
|
The conclusion we're drawn to here is that we were perhaps premature in declaring the long-time downtrend snapped to the upside.
|
|
However, U.S. yields remain trapped in tight ranges and could resume their recent downtrend given geopolitical tensions and political uncertainty, analysts said.
|
|
The , which strengthened 30.783 percent against the U.S. dollar last year, has been on a general downtrend since the start of 2018.
|
|
The narratives driving marketsIn making sense of the downtrend in Treasury yields and what caused it, recession fears are the clear culprits.
|
|
In the athleisure retail space, Lululemon CEO Laurent Potdevin is bucking the sector's downtrend too after a strong earnings report, Cramer said.
|
|
BEIJING (Reuters) - Bolstered by improving sales and better margins, profits for China's industrial companies rose in May, bucking a months-long downtrend.
|
|
Rob Arnott, chairman at Research Affiliates, says it's time to get back into value as its years-long downtrend begins to reverse.
|
|
The big question now is: just because you break a secular downtrend, does that automatically mean you begin a secular bear market?
|
|
In hindsight, this start of a long-term downtrend, and this most recent bounce in the dollar presents an opportunity to sell.
|
|
"Incrementally, it's positive action as the May-July downtrend has been reversed," said Sluymer, who is also a managing director at Fundstrat.
|
|
However, they quickly recovered, with the spot contract completely undisturbed in the gentle downtrend that has been in place for several months.
|
|
We also need to reverse that downtrend so until we can get a price above about $2, I'm not interested in the stock.
|
|
Even more impressive, Brazilian shares' strong run has come amid a downtrend for emerging markets overall, given a sharp rise in the dollar.
|
|
First, despite Allergan's downtrend since the beginning of this year, the company has actually kept above its 200-week moving average since 2009.
|
|
Meanwhile, defying the downtrend, shares in IRB Infrastructure Developers rose as much as 11 percent on receiving a $1.5 billion road project contract.
|
|
The second obstacle is the strength of the downtrend as shown by the long-term group of moving averages in the GMMA indicator.
|
|
Last Thursday, the central bank scrapped the pound's peg of 8.8 to the dollar, and it has been in a downtrend since then.
|
|
When the dollar goes down, gold goes up, and the dollar is on a downtrend, which means gold could have more strength ahead.
|
|
That suggests that the downtrend may pause near $1,250, but traders will be ready for the price to dip toward support near $1,210.
|
|
"Given how entrenched the downtrend in the Bund yield appears to be, hitting zero percent wouldn't be a surprise," Standard Chartered's Davies said.
|
|
Hong Kong's Hang Seng Index has broken two significant support features, suggesting a continuation of its downtrend —with a downside target near 25,200.
|
|
"The near-term downtrend really has not caused hardly any deterioration in the broader trend," Newton said on CNBC's "Trading Nation" on Wednesday.
|
|
The downtrend is likely to last for another week or so and there would soon be opportunities to go long again, he said.
|
|
Crude had broken above the line in March and maintained its levels, but the recent dip below could signal a reversal to a downtrend.
|
|
U.S. crude CLc1 was down more than 6 percent to $31.50, resuming a downtrend that had been interrupted recently on hopes for production cuts.
|
|
Credit Suisse also expected the Singapore dollar would resume its downtrend, advising selling when the currency bounces or using it as a funding currency.
|
|
It's also true that, while NJPW is the second-most-viewed wrestling company in the world, the entire wrestling business is experiencing a downtrend.
|
|
Refining margins for distillate have been gradually rising since the second quarter of 2016, starting to reverse the previous downtrend since 2013 (tmsnrt.rs/2hF3xBR).
|
|
EM sovereign ratings are still on a downtrend, even though commodity prices started falling in mid-2014 and appear to have passed their trough.
|
|
One warning for short traders, though: The downtrend pressure ends near 100 and is most likely to be followed by a period of consolidation.
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The Hong Kong-headquartered company is slowly recovering after the restructuring, cutting debt and boosting liquidity amid a long-term downtrend in commodity prices.
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Finally, Worth also believes bond yields are following a downtrend that could see them fall below what he sees is a current support line.
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Lee noted junk bond yield spreads versus Treasury bonds have widened more than 60 basis points since late February after being in a downtrend.
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Addressing Starbucks' recent hiccups with its mobile ordering platform and the stock's downtrend, Schultz said he was confident that the company would bounce back.
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The classic GMMA pattern of bullish test and re-test behavior is often associated with the change from a downtrend to a new uptrend.
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Each peak over time has been lower, meaning the dollar has made lower highs every rally since 1983, creating the downtrend that Gordon sees.
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Commerzbank analysts said gold was stuck beneath technical resistance at its 55-day moving average around $1,13 and its 4-month downtrend at $1,220.
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Annual retail sales growth eased to 10.7 percent in April, and has been on gradual downtrend since 2010, when it notched over 18 percent.
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However, it's too early to define a new downtrend so investors watch for evidence of consolidation around the long term support level near $44.
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Looking at FXE, the euro-tracking ETF, the trader points out a "downtrend resistance" that has formed in the chart of FXE since 2008.
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It's since been followed by a reversal of its downtrend and we can see the inflection in the 200-day moving average as well.
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The fuel products distributor, which last week reported a 2277 percent drop in nine-month net profit, has been in a downtrend since January.
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Commerzbank analysts said gold was stuck beneath technical resistance at its 55-day moving average around $1,208 and its 4-month downtrend at $1,220.
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The downtrend began on Monday after the company suspended several popular accounts, some with millions of followers, for violating its new anti-spam rules.
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Like with the bond market—we are just a few clicks away from having irrefutable evidence that the downtrend in yields has been broken.
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The downtrend in LME stocks has ground to a halt in the last month or so after time-spreads briefly flared out in May.
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Examining a chart of the RSX, the fund is both falling below a multiyear downtrend as well as its prior lows from 2012, Wald said.
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Elsewhere, the mainland Chinese markets, which have been closely watched in relation to Beijing's trade war with Washington, bucked the overall downtrend to see gains.
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Transportation fuel manufacturer Valero Energy has dropped by almost 24 percent year to date, but a continued rise in oil could reverse the company's downtrend.
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"We can see that the UUP as we [look longer term] has made a higher low looking to break out of downtrend resistance," he said.
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All three have been in a "solid downtrend" over the last several months, and "bear flag" patterns indicate that the declines will continue, says Gordon.
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Bitcoin prices dropped their lowest in more than four months on Friday, continuing a downtrend driven by authorities' measures to impose tighter regulation on cryptocurrencies.
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"The stock has now reversed the downtrend off those September highs and now we're consolidating between the 50- and 200-day moving average," Johnson said.
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"Outflows accelerated in the second half of the year, continuing a downtrend that began around three years ago," Morningstar manager research analyst Francesco Paganelli said.
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If gold can hold above that level it could rise to its long-term downtrend line at $1,287 an ounce, said technical analysts at Commerzbank.
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Importantly, upward revisions to sales for both May and June countered concerns that consumption had entered a downtrend and lifted the outlook for economic growth.
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Thailand's economic downtrend is negatively affecting performance across the country's banking sector, and Fitch maintains a negative sector outlook, posing downside risks to asset quality.
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"We have seen a longer-term breakout of the FAANG group above a downtrend that's really kept this group intact since last summer," Newton said.
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Furthermore, a prior downtrend in the charts has been reversed, Wald said, and the yellow metal will likely see a floor at the $1,200 level.
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Gold has rallied more than 24 percent this year, but has been on a recent downtrend after struggling to break out of a stagnant summer.
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Looking at Kraft Heinz's daily chart, Posni said the stock has been making lower highs and lower lows, an indication that it's experiencing a downtrend.
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Ross pointed out that the 150-month moving average over four decades acts as a resistance for the entire downtrend the yield has been in.
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One thing common in a downtrend is that even companies that report strong earnings still go down, or at the very least, don't go up.
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The big-cap and the small-cap Russell 2000 are both breaking out of a three-month downtrend characterized by a series of lower lows.
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SMM-CUYP-CN CHINA INDUSTRIAL: Bolstered by improving sales and better margins, profits for China's industrial companies rose in May, bucking a months-long downtrend.
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Amid the downtrend in print, Time has said it would look at selling assets including Time Inc UK and a majority stake in Essence magazine.
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Spot gold may end its current bounce around a resistance at $1,206 per ounce, and then resume its downtrend, Reuters technicals analyst Wang Tao said.
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The bank said in a section subtitled "Tweeting weakness" that it expected the greenback was entering its first year of a new, multi-year downtrend.
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STOCKS: Stocks of zinc in LME warehouses are close to 2817-year lows at around 20.8,21 tonnes, having been on a downtrend since October 2991.
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GLD's recent fall corresponds with a downtrend line that began in May of last year, suggesting that the metal will fail to rise above the line.
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Statistical evidence coming out of the scene in Baltimore, which seems to be finding corroboration nationwide, conveys a narrative of museum visiting being on the downtrend.
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"The dollar is clearly on a downtrend against the yen, both in terms of technicals and flows," said Yuki Ishizuki, senior currency strategist at Dalian Securities.
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The index also made a bullish break of a downtrend channel that stretches all the way back to April 2015 when it was up at 1.63,980.
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Furthermore, Worth noted that the transports are butting up against downtrend resistance, and after a countertrend rally he believes new lows could be in the cards.
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Gibbs says the stock is still in a downtrend that began in December and she would need to see earnings estimates stabilize before buying the stock.
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This pattern usually contains between four and five downtrend lines, and has been a dominant feature on the gold chart since 2013 so cannot be ignored.
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"Equity markets generally saw corrections when interest rates touch the long-term downtrend in place since 1980 and that trendline today is 3.25 percent," he said.
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"The dollar is clearly on a downtrend against the yen, both in terms of technicals and flows," said Yukio Ishizuki, senior currency strategist at Daiwa Securities.
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"What really catches our eye is Apple's ability to reverse its year-long downtrend," Wald said, pointing to a move above its 200-day moving average.
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"When I look at this, we've already done the downtrend reversal," Johnson, who runs Piper Jaffray's technical research group, said in the same "Trading Nation" interview.
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The Hong Kong-headquartered company is slowly recovering after the restructuring, and is cutting debt and boosting liquidity amid a long-term downtrend in commodity prices.
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"Technically speaking it's still very much in a downtrend, so you use a first rally to sell into and you look to buy dips," he said.
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The euro-yen pair looks set to continue its steady downtrend, with only a small likelihood of a rally and a longer-term target near 120.
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More likely, however, is a retreat from near 127 and a retest of the downtrend line as a support level, with long-term support near 120.
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He notes that the stock has been firmly in a downtrend over the last year, shedding more than 30 percent since its recent high last March.
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Somasundaram said global investors were buying banking stocks as they have been in a downtrend for a while and a lower Australian dollar made them cheaper.
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The stock has been in a downtrend for several years from a peak of 2775 pounds in 20.8, but it may now be reversing that trend.
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Bucking the downtrend, Chinese shares recovered on hopes of supportive government policy after opening in negative territory, with the Shanghai Composite Index last trading up 62.343%.
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Another market watcher said the downtrend in Chinese stocks could have come as a psychological pullback after the Shanghai Composite breached the 3,400 level last week.
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It won't be outside BNM's forecast of 4.3%-4.8% for this year, but clearly the downtrend will eventually force BNM to cut its overnight policy rate.
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But what's "interesting" about the downtrend line, according to Ross, is that since February it has run almost identically to the XLE's 50-day moving average.
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From a technical standpoint, Keene said the downtrend in Marathon Oil has been broken in the last two days, which points to a substantial move higher.
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"But ... if we take a step back and look at the six-month chart, we find that we are still in a defined downtrend," O'Hara said.
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STOCKS: Stocks of zinc in LME-approved warehouses are close to 20-year lows at about 2812,20.8 tonnes, having been on a downtrend since October 21.
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"Policymakers have taken more steps to ease downtrend economic pressure, which would help to further boost market sentiment," analysts at Huatai Futures said in a note.
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Mark Newton, president of Newton Advisors, says it's too tough to call a bottom in energy since the group has been in a downtrend since spring.
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Momentum indicators suggest prices will continue to fall, according to analysts at ScotiaMocatta, and gold has not yet snapped a steep downtrend line from mid-June.
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As a result, we can see that US stock market clawed back gains after Navarro's talk in the overnight; The Dow's downtrend narrowed about 200 points.
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The downtrend in oil prices has most definitely taken "some by surprise," Tamas Varga, senior analyst at PVM Oil Associates, said in a research note published Friday.
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Speculators were surfing a downtrend that saw LME three-month nickel slide from $29,29 per tonne in June last year to an early-January low of $20.95,215.
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The discussions are taking place as Noble looks to rejig its business units, cut debt and boost liquidity to fight a long-term downtrend in commodity prices.
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After reversing a multiyear downtrend and breaking higher, crude oil could return to $62 a barrel by the end of the year, according to one technical analyst.
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One stock that could be in the biggest trouble is fuel manufacturer and transporter Valero, which Keene says has been in a steady downtrend since mid-March.
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However, given the stock's notable downtrend year to date to below our prior price target, we are upgrading Tilray shares to Market Perform (Speculative) from Underperform (Speculative).
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Against the yen, the dollar traded at 108.62 yen, after a gain of 1.543% on Monday, the biggest gain in a downtrend that started in mid-January.
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Against the yen, the dollar traded at 21.54 yen, after a gain of 211% on Monday, the biggest gain in a downtrend that started in mid-January.
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In a worrying trend, U.S. roads appear to have become more dangerous in the last few years, reversing the downtrend over the previous quarter of a century.
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Still, Lee said threats to ethereum include a "challenging technical picture" and according to the firm's technical strategist Rob Sluymer, ETH is "firmly in a pronounced downtrend."
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The Egyptian pound hit a two-year high on Thursday, bucking a downtrend among emerging market currencies with help from inflows in the tourism and energy sectors.
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"Exports are on a downtrend, which is having a detrimental impact on production activities and manufacturers' capital spending," said Takeshi Minami, chief economist at Norinchukin Research Institute.
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The big exception to the downtrend in regional markets was Saudi Arabia, where the index gained 21 percent, rebounding from a six-month low hit on Sunday.
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This is seen as a positive signal that demonstrates an asset is outperforming so well in the short-term that it may reverse a longer term downtrend.
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The currency's latest downtrend lasted for 20 weeks since the peak, she noted — very similar to its past four declines, which ranged from 21 weeks to 24.
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" He added: "I think even a child could see that the 30-year secular downtrend has been broken over the course of the past couple of months.
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After a strong start to 2018, job ads have been on a virtually uninterrupted downtrend with only three monthly gains over the past 12 months, ANZ noted.
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"It has been a good rally since June but now crude oil has to prove that it can break its downtrend channel," Petromatrix analyst Olivier Jakob said.
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It's noticeable that copper's rally accelerated on each break of these technical levels, a clustering of historical resistance levels, long-term downtrend lines and Fibonacci retracement points.
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"If we break above this downtrend, then we potentially open up the region up to $1,300, the recent highs we saw in April and June," Butler said.
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Trahan pointed to the Institute for Supply Management's new orders index as a key leading indicator, noting it has been in a downtrend for about six months.
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Shares of Advanced Micro Devices (AMD), which generates about 30% of its sales in China, jumped almost 60% since last year — bucking the downtrend of its semiconductor counterparts.
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"Copper was already on a downtrend on expectations of a slowdown in China and that has been confirmed by the data today," said Julius Baer analyst Carsten Menke.
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Unlike Twilio and Etsy, Gordon points out that rather than a consolidation, the chart for the payments company seems to have moved in more of a downtrend channel.
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ZINC: LME zinc closed up 22 percent at $0.33,20.3 a tonne, rebounding from Monday's near 218-year low but butting up against its downtrend line at around $2975,380.
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"The losses in 2016 – both economic and insured – were the highest since 2012 and reversed the downtrend of the last four years," the world's second-largest reinsurer said.
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These conditions have been met, confirming the breakout The weekly gold chart shows a series of fan downtrend lines, which is a very long-term trend reversal pattern.
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Looking at a long-term chart of gold dating back almost a decade, Johnson sees a downtrend that began in 2011, when gold hit record all-time highs.
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The shoulders are shown as points A and C. The head is shown as point B. The neckline of the pattern is a segment of the downtrend line.
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Official exports rose by 26 percent to 41,600 tonnes in the first seven months of this year, bucking a downtrend that had been running for four straight years.
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The protracted downtrend in Singapore's property market is poised to end next year, with home prices set to double by 2030, Morgan Stanley said in a Wednesday note.
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But the index has been in a downtrend since mid-April, one Dubai-based day trader said, noting that thin trading volumes would not sustain an extended rebound.
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Second, recent history shows that crude is capable of rallying as much as 50 percent in the midst of a larger downtrend, as it did in early 2015.
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Still, the EFA itself is in a multiyear downtrend and may not be able to continue this strong run against the S&P 500 on a technical basis.
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Each time the accumulation of short positions has coincided with a downtrend in WTI prices, followed by an uptrend as the short positions have been liquidated (tmsnrt.rs/2bwp8v4).
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Despite the move higher, Carter Worth, head of technical analysis at Cornerstone Macro notes how the sector has been struggling to break above a key downtrend resistance level.
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Some in the market were skeptical that the move was enough, and even whether the the Fed itself had the proper tools to reverse the current market downtrend.
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And if it can beat a downtrend in car sales in the rest of the world, it would presumably like to keep making the cars people are buying.
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"The stock is in a steep downtrend and negativity begets more negativity on Wall Street," said John Gardner, managing member at Aptus Capital Advisors LLC in Fairhope, Alabama.
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On the technical front, spot gold may consolidate in a narrow range of $1,462-$13,488 per ounce, or bounce towards $1,514, as its short downtrend from the Sept.
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But in the end, this stock was predicated upon an infrastructure bill being passed and it has not been passed and therefore it's just one long-term downtrend.
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All that combined to push McDonald's shares lower, a downtrend made worse by the early February sell-off and a negative analyst report criticizing its value-focused menu.
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The downtrend in many of these stocks was exacerbated Friday after the Dow Jones industrial average dropped nearly 666 points, marking the index's sixth-largest points decline ever.
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Virtual currencies have been in a steep downtrend since the beginning of the year amid increased regulatory scrutiny and amid some instances of hacks and thefts at crypto exchanges.
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While this is still well below the 2019 peak of 148.9 million tonnes, reached in early April, inventories have reversed the downtrend in place for the past three months.
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The stock has "reversed the longer term downtrend," according to Johnson, and it's now trading back above its 50 and 200-day moving averages, which are key technical indicators.
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Meanwhile, benchmark 10-year note yields have broken above a long-term downtrend in effect since the 1980s, which some technical strategists see as a bearish indicator going forward.
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A respected TV financial commentator told viewers in Australia recently that the dollar index had broken out from the downtrend and the US dollar was poised to go higher.
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One post on r/bitcoin, titled "possibly the worst thing about this crash...," laments that the latest downtrend is bad for reasons other than the red in everyone's portfolio.
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"Downtrend in Fed liquidity and ECB taper remain necessary conditions for a correction," BAML's strategists added, saying they expect the Fed to announce balance sheet reduction at its Sep.
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Read MoreObama 'best gun salesman' on Earth: Stock picker There has been a clear downtrend in gun ownership since its peak in the late '70s, according to NORC data.
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" Crude has fallen 70 percent since its 2014 highs and any rally we see in the commodity, Carter says, "is simply a counter-trend rally in an ongoing downtrend.
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"There will be a bunch of countertrend rallies but I expect gold to fail at that downtrend which is actually just below the high end of the call spread."
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New research suggests that UFO sightings in the U.S., which tend to move in six- or seven-year fluctuating cycles, are in a permanent downtrend — and researchers are puzzled.
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The comebacks have been even more powerful in April; when the S&P began that month in a downtrend, its average performance was a 2.0 percent gain, Wald found.
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Strategists said bonds were overbought, and yields broke a downtrend Tuesday morning, as President Trump met at the White House with CEOs to discuss deregulation, infrastructure and other topics.
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Some major companies which reported weak earnings last week continued their downtrend with major food group Savola sinking 5.0 percent to 34.20 riyals, its lowest close since Jan. 24.
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But the recent bounce in the dollar shows that it has broken the downtrend line and is actually finding a key level of technical support around the 90.00 level.
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In the interview, Worth said that shares of the ETF were at a "critical juncture" where the downtrend resistance and 150-day moving average meet near the $75 level.
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Technical analysts say the greenback is likely to continue to strengthen against the Japanese currency, after eroding its downtrend that had been in against place since January this year.
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Chinese production dropped sharply last month, according to the International Aluminium Institute (IAI), and unless the Shanghai market can break out of its downtrend, more smelter casualties seem likely.
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Into the new year, property agents expect prices to continue their downtrend until the second quarter, and transaction volumes to shrink due to a new coronavirus outbreak in China.
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The $2897.75,279 area is a key technical level, representing a downtrend that has been in force since mid-2016 when gold surged to a two-year peak of $1,374.91.
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The $1,279 area is a key technical level, representing a downtrend that has been in force since mid-0.763 when gold surged to a two-year peak of $1,374.91.
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Just based upon our technical work, the stock is in a very well-defined downtrend at this point in time and we're below a declining 200-day moving average.
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Unless the federal government steps in to ensure coal-fired power plants run, even when they are more expensive than natural gas, the downtrend in coal consumption will continue.
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"But, for intermediate-term investors the downtrend is very well established and, if anything, you want to see much more signs of stabilization before you get involved," he added.
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"If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia," he added.
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The move comes as the long downtrend of U.S. cigarette sales snowballs, forcing big tobacco companies to venture into an area rife with regulatory hurdles but healthier long-term outlook.
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The dollar's bounce against the yen, however, was still too moderate to suggest that a downtrend seen over the past couple of months had come to an end, Ino said.
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In dollar terms, the benchmark briefly fell below the 2136 level, a major support where every downtrend since mid-22013 has bottomed out, hitting a 215 13/21-year low.
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Positive or negative earnings surprises can have a profound impact on the performance of an individual stock, and can often propel a given stock on a meaningful uptrend or downtrend.
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Rich Ross, technical analyst at Evercore ISI, believes that Britain will remain in the European Union and as a result, the pound will break its downtrend against the U.S. dollar.
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Looking at a long-term chart of the XLE ETF that tracks the energy sector, Ross noted a recent break in a downtrend line that's been in place since 2009.
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Piper Jaffray technical analyst Craig Johnson believes that gold's "primary trend is still lower" based on a long-term downtrend that he thinks has been in the works for years.
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I think we're now in a position where the stock is showing signs of breaking to the upside, that it's reversing the downtrend that it had been in since October.
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"We can see that the euro is in quite a nice downtrend already, so we expect to see this trend bringing us down to about the 103 mark," he says.
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But there is no mistaking the downtrend in imports of Saudi Arabian crude since the start of June which seems set to continue until at least the end of August.
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Going back to 2014, Worth pointed out an even longer downtrend line relative to the S&P 413, highlighting just how poorly this ETF has performed over the long term.
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Read MoreThis chart may hold the key to markets: Technician "The downtrend for Freeport has been broken, and we are clearly moving to the upside," said the founder of TradingAnalysis.com.
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The mock portfolio is still up since the election but the chart below shows that it is in a serious downtrend and back to levels where it started the year.
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The dollar lost ground against the yen and euro after U.S. labor data failed to reverse a downtrend that followed some of the biggest gains on record for China's yuan.
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Dubai's index edged up 0.1 percent as amusement park operator DXB Entertainments, the most active stock, added 2.3 percent, rebounding for a third straight day from a month-long downtrend.
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China has been a major buyer of copper scrap for many years but imports seemed locked into a long-term structural downtrend, having fallen for four consecutive years through 2100.
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But Michael Wilson, the chief US equity strategist of Morgan Stanley, suspects that it's a signal of more trouble ahead — and the beginning of a longer downtrend for growth stocks.
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Cotton, which has defied the downtrend in other commodities, rose as much as 4.2 percent to 13,260 yuan a ton on the Zhengzhou Commodity Exchange, its strongest since April 26.
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This leads him to conclude that both the 50-day moving average and the downtrend line both serve as "resistance," two lines that XLE has failed to surpass since February.
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The company also warned that it expects the downtrend to last longer than previous cycles as Singapore's $10 billion rig building industry faces cancellations and a dearth of new orders.
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"Based on the inventory trends and confidence around future output, the June reading was more like a temporary rebound, with an economic downtrend likely to be confirmed later," Zhong said.
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Aluminum is currently experiencing something of a perfect bear storm - demand weakness, falling raw material prices, rising visible stocks and a sense that the downtrend in shadow stocks has ended.
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That would certainly be cause for concern and [I'd] think that we could see weakness, but for now, this longer-term downtrend from last year has turned into an uptrend.
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While oil has been in a "downtrend" this year, Redler stresses that the commodity has still stayed above "support" and has recently bounced back to its 50-day moving average.
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Housing prices were already in a downtrend before June, when Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport ties with Qatar, accusing it of supporting terrorism.
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The market has been in a downtrend since August on suspicions that the BOJ may seek to steepen the yield curve to help financial institutions which are suffering from negative rates.
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A small correction may be coming for the markets, but it will push them higher in the near term rather than start a downtrend, strategist Katie Stockton told CNBC on Friday.
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"While we expect the downtrend to continue, kerosene demand should not fall off the cliff hereafter, as it should stabilize at 50,000-60,000 barrels per day baseload levels," FGE's Paravaikkarasu said.
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Looking at a daily chart of the GLD, Keene points out that all signs indicate a downtrend for gold as the yellow metal slipped from its incredible surge during Thursday trading.
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A clean break of the resistance - two straight daily closes - would point up to around 1.2,250 points, according to the height of the former downtrend channel dating back to mid-October.
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"When bullish signals fail to lift the oil market's spirits, we should be very concerned this downtrend could run much further than expected," said Stephen Innes, managing partner at Vanguard Markets.
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The downtrend, however, has been highly erratic with occasional flurries of "arrivals", as off-market metal has been delivered into the LME system, particularly at the U.S. port of New Orleans.
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It is formed by the 50% retracement of the uptrend from $3.14-3/4 to $4.64 and the 0.103% retracement of the downtrend from $8.49 to $3.14-3/4, he said.
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Reuters technical analysts Wang Tao said that U.S. crude prices had ended a multi-year downtrend this week and that WTI prices would target prices above $40 per barrel in March.
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"At this juncture, the SPX has successfully recaptured the 200-day MA after reversing a downtrend off the October highs," Craig Johnson, chief market technician at PiperJaffray, said in a note.
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"We've moved from $20033 to $34, about a 25 percent move off the low, but we're still moving in a downtrend," Cornerstone Macro's Carter Worth told "Fast Money" traders last week.
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Looking at the weekly chart of the Dow Jones commodity index, it seemed to Garner that commodities could be on the verge of breaking out above its multi-month downtrend line.
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However, strategists have said bonds were overbought, and yields broke a downtrend Tuesday morning, as President Trump met at the White House with CEOs to discuss deregulation, infrastructure and other topics.
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On a one-year daily chart of the energy-tracking ETF (XLE), Ross says that since the start of the year, a "textbook definition of a downtrend" has plagued the sector.
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BEIJING, June 27 (Reuters) - Profits earned by China's industrial firms rose 13% in May from a year earlier, bucking a months-long downtrend, the National Bureau of Statistics said on Thursday.
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Coal volumes plunged 20163 percent during the quarter, continuing a downtrend trend afflicting the industry as utilities switch to burning cheaper natural gas and as a strong U.S. dollar hurts exports.
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Our conclusion is that the trend breakout will continue and in reality lead the Dow back to a retest of lows near 23,400 and potentially to the downtrend line near 22,500.
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ISTANBUL, Dec 19 (Reuters) - Turkey's central bank said on Thursday that an increased consensus in expectations for a downtrend in the medium-term inflation outlook indicates that uncertainties have significantly decreased.
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Chief among those are the threat of faster rate rises by the Federal Reserve, a reversal in the U.S. dollar's steady downtrend and the risk of a full-blown trade war.
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Second, each of these ETFs is also trading above its five-day moving average, thereby offering a near-term 'sell on the pop' opportunity given the longer-term downtrend at hand.
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The dollar lost ground against the yen and euro on Thursday after U.S. unemployment data failed to reverse a downtrend that followed some of the biggest gains on record for China's yuan.
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Four things need to occur for the stock market to break out of its downtrend, CNBC's Jim Cramer said as stocks plunged in on worries about an expected interest rate hike from .
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But he expects that once global economic trends become more stable and major foreign central banks start signalling they would adjust monetary policy later this year, the dollar should resume its downtrend.
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While the peso has been on a downtrend, the country's central bank raised rates in February and intervened in the foreign exchange market to make sure the currency didn't slide even further.
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The Street seems to believe that the worst of the earnings downtrend for Caterpillar is indeed over: the stock is up today on what appears to be very poor earnings and guidance.
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"We're starting to see that this stock has been putting in some very low levels, some lower lows, lower highs in here, and it's really starting to reverse the downtrend," he said.
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"Clearly, the recent rise in oil prices has blunted the downtrend in rig counts, showing some signs of new drilling opportunities," said Chris Jarvis, analyst at Caprock Risk Management in Frederick, Maryland.
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"This downtrend (Monday), it's really only the energy, materials and industrials that are down but everything else is holding in there," said Ilya Feygin, managing director and senior strategist at WallachBeth Capital.
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The transportation, industrial and energy sectors are all beating the broad market this year —but on a longer-term chart their recoveries look like fairly modest upward wiggles in a deep downtrend.
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The exchange's stock reports have thrown up many surprises over the intervening years, with the downtrend sporadically interrupted by mass movements of off-market metal onto LME warrant, particularly in New Orleans.
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Moving above $1,290/91 would be significant as it would break above a downtrend that has been in place since gold touched an all-time high of $1,791.1.10 in 2011, Butler said.
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"The multi-month downtrend remains in place, but respecting the 2018 low point was a necessary first step in the repair process," said Frank Cappelleri, executive director, institutional equities at Nomura Instinet.
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On a long-term chart of the XBI, the ETF looks to finally be reversing a downtrend that had been in place since it hit its all-time high in July 2015.
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The major averages, barely unchanged for 2018 so far, have been in a downtrend and bond ETFs, even as yields rise and every trader says sell, have been the hottest ETF investments.
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"Rather, the downtrend looks set to continue in coming months," Fuss added, predicting the share of diesels of Germany's overall auto market would sink towards 25 percent from the current 31 percent.
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But the risks of a higher number are significant and may mean a larger than expected deficit, which would have to be covered by draws on exchange stocks already on a downtrend.
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The International Monetary Fund's Managing Director, Christine Lagarde, said that the current slowdown in China's economy is "legitimate," but warned it could pose a major risk if the downtrend started to accelerate.
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Traders are also watching to see whether the downtrend in stocks of copper in warehouses monitored by the Shanghai Futures Exchange persists, for clues as to the strength of demand in China.
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Dubai's index, which slipped 1.0 percent to 3,294 points on Sunday, has been in a downtrend throughout this year and has no significant technical support before the March low of 3,195 points.
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However, Worth's charting shows that despite the stock breaking above its downtrend line around $340 earlier this year, its failure to maintain that level could imply a bigger sell-off to come.
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But lately, the price of gold has been in a downtrend, sinking roughly 11 percent since its April peak despite concerns about the effects of new trade policies on the U.S. economy.
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If the energy names outperform and break this downtrend, it will also be a bit of a tail wind in the broader indexes…Today, oil and small caps helped power the move.
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The dollar slipped against a basket of major currencies after U.S. inflation and unemployment data failed to reverse a downtrend that followed some of the biggest gains on record for China's yuan.
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"Additional stimulus is necessary if the sales tax hike goes ahead even as the global economy is in a downtrend," a machinery maker manager wrote in the survey, which collects anonymous comments.
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On a weekly chart of Petrobras, Rich Ross of Evercore ISI drew what he saw as a "well-defined downtrend" that shows the semipublic Brazilian oil company falling for the past eight years.
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" In order for the market rally to pick up where it left off, Johnson said the S&P 500 will "need to reverse a downtrend off of [the] October highs of last year.
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The rising inventory ratio has reversed the downtrend that prevailed over the previous two years and suggests manufacturers and distributors were taken unawares by a slowdown in sales since the middle of 24.
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When it comes to the financial sector, Johnson wrote in the note that he sees an "interesting downtrend reversal underpinned by a move higher in yields," and suspects another "leg higher" is underway.
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While looking at a one-year chart of Tesla, Nathan noted that the stock has been in a "well-defined downtrend" since April, and said the stock has found support at about $200.
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The downtrend risks becoming a vicious cycle, as those who have used shares as collateral for loans or have bought stocks with borrowed money are forced to meet margin calls or sell up.
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The dollar made further gains the yen and is expected to continue to strengthen against the Japanese currency after eroding its downtrend that had been in place since January this year, said Commerzbank.
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The note comes after a nearly two-month downtrend for shares of the streaming giant that followed its second quarter earnings release, in which Netflix reported markedly weaker-than-expected paid subscriber growth.
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But banks still have hurdles to climb, a bad payrolls report could dampen the likelihood of a rate hike, while crude is still showing a glut of supply and could resume a downtrend.
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While the stock has been in an uptrend for the past five years, said Gordon, there was "some downtrend resistance" where the shares did see a swing down to around $155 from $165.
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"It's obviously a long-term downtrend for most retailers so that disadvantages them relative to the broader market, which of course is in a long-term uptrend," Fairlead Strategies founder Katie Stockton said.
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And, judging by crude's track record, a return to its longer-term downtrend seems like an appropriate direction for the commodity, said Anthony Grisanti, longtime trader and founder and president of GRZ Energy.
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Bond prices have generally been on a downtrend this year as stronger inflation, a ready-to-move Federal Reserve, and expected economic stimulus from tax cuts raised the prospects of higher interest rates.
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The downtrend in the U.S. currency could extend further, according to Boris Schlossberg, managing director of FX strategy at BK Asset Management, given the potential for further political fallout relating to Trump's intelligence disclosure.
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"The June reading was more like a rebound, with an economic downtrend likely to be confirmed later," Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group, said in a note accompanying the data release.
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"That's the downtrend resistance line off the 1981 highs," Johnson said on CNBC's "Power Lunch, " adding that a reversal above 2.75 percent would usher in shift in asset allocation from fixed income to equities.
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"While China is facing a structural downtrend in its growth path, the importance Chinese policymakers attach to growth suggests that any fall in their official growth targets is likely to be gradual," said Moody's.
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Both prices and calendar spreads have been in a downtrend since May, with the decline accelerating from the middle of September, but the rally this month has reversed some of the most recent losses.
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The stock has long been beset both by the long downtrend in the commodity markets and by a gadfly anonymous researcher, called Iceberg Research, which has published numerous negative blog posts about the company.
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Bitcoin "stabilized above $6,500 support over the past two weeks and is rallying through important technical resistance defined by its March downtrend," he said, noting the next major area of resistance is near $9,000.
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"The shrinking spread between U.S. and Japanese yields has thrust dollar/yen into a downtrend, despite recent bouts of global equity market strength," said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.
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"It is easy enough to see why the various rounds of asset purchases by the Fed between 2009 and October 2014 played a role in keeping the downtrend in bond yields intact," said Derrick.
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Private-home construction approvals rose for a seventh straight month in September, enough to turn back a downtrend in overall approvals, as some of the country's around 230,000 annual migrants built homes for themselves.
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"If you did take out that multiyear downtrend and the neckline of that double bottom base around that big figure around $25, then the stock sets up as a trade and buy," he explained.
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Nonetheless Worth warns that despite the move higher, shares of Ford historically tend to fall after hitting the top of their downtrend level — indicating that the relief rally could be coming to an end.
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The ensuing four years have coincided with a strong bear trend in both Shanghai and international prices and it's noticeable that both SHFE open interest and volumes have spiked whenever that downtrend has accelerated.
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"The downtrend that began in early May is still intact and will need to be reversed to signal an improvement for BTC," Robert Sluymer, technical strategist at Fundstrat Global Advisors, said in an email.
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Food and beverage costs climbed 2.4 percent from a year earlier and 2.5 percent month-on-month in June; they had previously been in a downtrend, dropping 1.9 percent year-on-year in May.
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Other North American peers including BorgWarner Inc and Visteon Corp have been struggling due to weak automotive demand in a slowing Chinese economy, where the coronavirus spread has aggravated a downtrend in the industry.
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"We need to break through this downtrend or bloodbath, which is right around the $18 region, in order to get those buy stops and more buyers starting to come into the market," he said.
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The company blamed the bigger loss, which contrasted with solid first-quarter earnings at many Saudi petrochemical firms, on reduced margins on refined products and a downtrend in crude oil prices, which hit inventory valuations.
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"The yellow metal remains toppish toward $1,290 and is likely to continue to see bears weigh upon rallies over the near-term as the recent downtrend remains intact," MKS PAMP Group said in a note.
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While technical analyst Craig Johnson of Piper Jaffray said the XLE is set to go higher after pulling above its downtrend line, Schlossberg is adamant that the bounce from the $26 low is now over.
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As often as not, these sudden reversals of the underlying downtrend have been triggered by tight LME spreads, which have incentivised metal to be brought out of financing cold storage and delivered against short positions.
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It is also in line with some beliefs that the United States is at the end of a 30-year bull run for bonds, with yields recently having broken out of their long-term downtrend.
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LONDON (Reuters) - Gold is poised for further gains after twice rebounding from its December lows, but the metal remains in a structural downtrend after falling for a third straight year in 2015, technical analysts said.
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For the technician, gold's recent breach of its long-term downtrend calls to mind 1999, when gold rose powerfully in a short period of time to break out of a period of progressively lower prices.
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"Until we get back above this downtrend and back above this 50-day moving average, we do not buy it," Ross said Wednesday on CNBC's "Trading Nation," referring to the importance of the two lines.
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But given the series of curbs introduced over the last few days, analysts said they expect more action to come from authorities and for the current pricing downtrend to continue in steel, impacting other commodities.
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Drilling rig provider Gulf International Services bucked the downtrend, rising 21.3 percent to 26 riyals in unusually heavy trade as it tested and held technical support on its 2624-day average, now at 20.4 riyals.
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"EUR/USD seems to be comfortably trading around its new lows and in the next few days we expect to see a continuation in the recent downtrend rather than any clear rebound," said ING analysts.
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The Australian dollar looks set to become the worst performer among so-called G10 currencies this month, having declined 5.4 percent, after the Reserve Bank of Australia's rate cut early this month started a fresh downtrend.
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In fact, one of the ones mentioned, Align Technology, we've had on our list of recommendations on the short side, and we have that there because it met some resistance, lost some momentum within its downtrend.
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"If you look at the decline it's had in the last week and a half and then you look at the long-term downtrend, you see it's failed right below that," explained the founder of RiskReversal.com.
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"As we stand on the brink of a recession amid U.S.-China trade frictions, it's undesirable to take such steps that could accelerate the downtrend," a manager at a wholesale firm wrote in a survey response.
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DUBAI, Nov 2 (Reuters) - Egypt's blue chip shares rose on Wednesday, bucking a downtrend among emerging markets, after the government approved 17 steps designed to boost investment, including an extended suspension of the capital gains tax.
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"The market was in downtrend this week and was not able to capitalise on some opportunities from international stock markets prior to Britain's referendum today," said Ibrahim Nimr, head of technical analysis at Cairo's Naeem Brokerage.
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Based on that downtrend, Johnson believes that gold's rally this year is really just temporary and investors should be careful of an impending drop in gold prices — even if Donald Trump were to win Tuesday's election.
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The downtrend in sales underscores how international car makers, from General Motors to Toyota Motor, are in for a tough ride at a time when they are increasingly looking towards China as a driver of growth.
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The market downtrend started in the middle of last year and Renault expects a full-year decline of about 20193% in sales, according to Francois Provost, senior vice president, chairman of China region at the company.
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We have a series of descending tops here which are lining up quite well, and as you can see, we're beginning to poke our head above that downtrend resistance level that's sourced from 19 years ago.
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The downtrend in Harley-Davidson's recent sales has caused Wall Street to speculate whether the Milwaukee company would seek a buyout, but Chief Executive Matt Levatich has said his company was not exploring any such deal.
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But Saudi Basic Industries outperformed, closing only 0.3 percent lower after trading higher for most of the day in response to news that it raised domestic prices for some categories of steel, after a long downtrend.
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The yuan showed some stability early in the week and paused its steep downtrend after the central bank moved to put a floor under the currency as the trade war with the United States grinds on.
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The downtrend in sales shows how international car makers, from General Motors to Toyota Motor, are in for a rough ride at a time when they are increasingly looking towards the top auto market for growth.
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"The government will not accept quarterly growth of less than 6 percent in 2019, as they worry they may not be able to halt a downtrend," said Lu Zhengwei, chief economist at Industrial Bank in Shanghai.
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Looking at a short-term chart of GE, Ross pointed to the stock's falling 50-day moving average as proof of "just how strong this downtrend is," and the longer-term picture is even more gruesome.
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To be sure, Wald does not see any "meaningful sell signals aside from being near-term overbought" in the European stocks, which he says are seeing a near-term bounce amid a longer-term relative downtrend.
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The International Monetary Fund's Managing Director, Christine Lagarde, told a panel in Davos that the current slowdown in China's economy is "legitimate," but warned it could pose a major risk if the downtrend started to accelerate.
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And though some of this may be attributable to reporting delays, projected deal volume data for the whole of the U.S. and Canada (fourth chart down in the Q1003 quarterly report) shows a years'-long downtrend.
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Faber said the global economy's downtrend was likely to be exacerbated by the U.K.'s vote to leave the European Union (EU), or Brexit, but he added that this wasn't necessarily bad news for the stock market.
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"When the market capacity reaches a certain high level it will go downward because people's purchasing power, financing capability and repayment ability are limited," said Nomura's Lu, who expects a downtrend in both home sales and prices.
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"If the SPX finishes the week at current levels, it would allow for confirmation of the breakout from its downtrend channel in a bullish development," Katie Stockton, chief technical strategist at BTIG, said in a morning note.
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"Here's another example of a nice downtrend reversal on the charts: You're back above the 50- and 200-day [moving average], and again coming into the earnings print I'd trade this to the long side," said Johnson.
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The downtrend might end if the SEC decides positively on a few proposed Bitcoin ETFs; a negative decision or further postponement (the decision is currently expected in late September) would likely mean a further decline in price.
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The downtrend was reinforced last year by economic and demand slowdown in China, the world's top consumer of industrial metals, which subdued prices and activity, triggering an exodus of funds to other markets with higher return potential.
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Read More Strategist: Market downturn is a 'buying opportunity' For Ross, the S&P 500 rally another 5 percent over in the next several sessions, with the SPY going as high as $200 before resuming its downtrend.
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"March and April have been two of the four best performing months of the year for the S&P 500 when the index starts the month in a downtrend," Wald wrote in a recent note to clients.
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Front-month Brent futures prices are up by about $22 a barrel since touching a low of $25 on June 22018, which could herald a break in the downtrend that had been in place since late May.
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"We expect the downtrend in industrial profit growth to extend into 2019 given weakening domestic demand, the continued credit downcycle and an escalation in the China-US trade conflict," Nomura analysts said in a note to clients.
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But UniCredit's Nielsen says there is now a clear downtrend in bad loans, and taken in the context of weaker demand for credit in Italy because of its lower growth, lending levels are consistent with European peers.
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Some strategists believe a hawkish tone will emerge from the meeting that will boost the 10-year Treasury yield and perhaps turn around a multiyear downtrend for what many consider to be a gauge of economic health.
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Meanwhile, the sanguine view on the trade war is fuelling expectation that the U.S. dollar will resume its 3-year downtrend, giving Asian central banks room to hold off on rate rises as the region's currencies appreciate.
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"We think the Fed is still on track for a 25 basis points cut given trade uncertainty and the steady downtrend in business sentiment," said Andrew Schneider, a U.S. economist at BNP Paribas Securities in New York.
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Never mind that violent crime has been in a decades-long downtrend and that Americans are statistically more likely to die from drunk driving accidents than they are from any of the other terrors they're being frightened with.
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Four things need to occur for the stock market to break out of its downtrend, CNBC's Jim Cramer said as stocks plunged in Monday's trading session on worries about an expected interest rate hike from the Federal Reserve.
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"We think this would allow 'doves' on the European Central Bank (ECB) Governing Council to shift back into proactive mode and pursue more activist monetary easing, setting the stage for a resumption of the Euro downtrend," it said.
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He sees the XLF reversing a downtrend that occurred after the sector's July 15 highs, and three bottoms that form what Johnson calls a "classic kind of bottoming setup" that could suggest that the XLF could break out.
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"The next thing that has to happen is to see Bitcoin actually rally through the downtrend and we use the 15-day moving average, it's very simplistic, but it's a pretty good proxy across most markets," said Sluymer.
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Data from that source indicates that the fraction of profits on corporate income taken by federal, state, local and foreign taxes peaked during World War II and has shown a fairly linear, steady and steep downtrend ever since.
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A Reuters poll in September showed that Dubai property prices have slumped 25%-35% since mid-2014 and that analysts expect a further downtrend this year and next amid a slowing economy and an oversupply of housing units.
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It would take a break below the $40 level for that KBE ETF to generate a confirmed sell signal, but there's little in the downtrend or the chart of yields which would suggest that's not where we're going.
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Bucking a strong downtrend in global markets, the Tehran exchange's main stock index rose 0.9 percent on Sunday after a 2.1 percent gain on Saturday, but it is still 1.3 percent lower than it was 12 months ago.
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Yasuo Sakuma, chief investment officer at Libra Investments in Tokyo, believed stocks have entered a new downtrend as investors had growing doubts over whether the United States and China would cut a deal on trade any time soon.
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Yasuo Sakuma, chief investment officer at Libra Investments in Tokyo said believed stocks have entered a new downtrend, as investors had growing doubts over whether the United States and China would cut a deal on trade any time soon.
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"The thing that stands out to me is that millionaires 55 and older barely changed their equity allocations over the last year while stocks were generally in a downtrend," said Mitch Goldberg, president of investment advisory firm ClientFirst Strategy.
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Oil futures, which have been in a downtrend since the start of the year, rose in Asia from 20.6460-month lows due to budding optimism about the virus and hopes that output cuts by major producers will support prices.
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Oil futures, which have been in a downtrend since the start of the year, rose in Asia from 13-month lows due to budding optimism about the virus and hopes that output cuts by major producers will support prices.
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Last year, Vietnam's coal imports jumped 125 percent to 6.96 million tonnes, while exports dropped 76 percent to 1.7 million tonnes, extending the annual export downtrend of about 10 percent a year that began in 2010, customs data showed.
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"We will see more momentum on the dollar downtrend unless there's a major upward surprise on Friday," said Ray Uy, head of macro research at Invesco in Atlanta, referring to the government's April payrolls report due later this week.
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"I wouldn't exclude seeing further strength today and tomorrow, but when the meeting is over, the downtrend is going to resume," PVM's Varga said, adding that a drop below $45 a barrel in Brent could be on the cards.
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"If inflation is rising, gold provides a hedge," he said, adding there was also longer term upside for gold from geopolitical tensions and a U.S. currency stuck in a long-term downtrend as global central banks begin raising rates.
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While the commodity has since fallen more than 503 percent from that $53 high at the end of September, Redler says that crude is heading back toward that downtrend line, and that based on momentum oil will bounce again.
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Oil futures, which have been in a downtrend since the start of the year, rose in Asia from 20.9751-month lows due to budding optimism about the virus and hopes that output cuts by major producers will support prices.
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The S&P 500 index is down from a year earlier for the first time since early 2016, and a majority of its stocks are in a downtrend, with half of them down at least 20 percent from their highs.
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"Official comment this morning suggesting the UK can survive with no Brexit deal will likely outweigh (the retail sales numbers) on the pound (and) maintain the downtrend," said Neil Jones, head of hedge fund FX sales at Mizuho in London.
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What Traders Look Out For A negative earnings surprise for a given company can devastate the price of that company's stock and potentially launch a downtrend that can last for just a few days or an extended period of time.
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Turning to a long-term chart of Ford, which has rallied more than 35% in 2019, Newton said the stock has been getting closer and closer to reversing its five-year downtrend, building a "bullish base" as trading volume picks up.
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The British pound has been on a downtrend against the U.S. dollar for the last two years, but with a sterling surge on Wednesday ahead of the Brexit vote, one technician is looking for the pound to make a comeback.
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"If the decline by the S&P 500 doesn't stop and develops into an outright downtrend, it could affect the pace of the Fed's bid to normalise monetary policy," said Makoto Noji, senior strategist at SMBC Nikko Securities in Tokyo.
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"If you look at this chart, yes it is constructive that we did reverse a downtrend off of the 2016 highs, but from our perspective the stock is starting to get short-term overbought," Johnson said during the same segment.
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Yet, Worth's charting reveals that the XRT's inability to hold above the $52 level illustrates a bearish double-top pattern and suggests the group is heading back toward its downtrend line, around $50 — or about 2 percent below its current levels.
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If the euro continues its downtrend and falls to parity with the U.S. dollar in the next month, investors should hide out in three Dow Jones industrial average members that conduct a large part of their business domestically, history shows.
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"Just in the last couple of weeks, you've seen this entire downtrend since late last year be broken in health care relative to the S&P," he said of a trendline stretching from its peak in December to mid-May.
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NEW YORK, Dec 8 (IFR) - US banks are on track to snap the downtrend in fixed income trading as JP Morgan, Citigroup and Bank of America said fourth quarter markets revenue could be up 15% to 20% from a year ago.
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Read MoreDeutsche Bank: It's time to buy gold According to Wald's chart work, the recent price action in gold is strikingly similar to the activity in 1999 when the commodity reversed a multi-year downtrend and started to form a base.
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DXY gained more than 5 percent against a basket of major currencies in the month and a half after Trump's election but has been on a downtrend this year as Trump has focused more on trade and immigration than fiscal stimulus.
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"Bitcoin now is testing a very important downtrend line, the same one that the Cryptocurrency failed at in January and again in March (on a log scale)," Frank Cappelleri, executive director, institutional equities at Nomura Instinet, said in a note.
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NEW YORK (Reuters) - Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan's financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems.
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So it's no surprise that we've seen [the] U.S. dollar reverse its year-long downtrend — it has strengthened — and against that backdrop the price of gold has broken down," Oppenheimer's head of technical analysis said Monday on CNBC's "Trading Nation.
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That broke a downtrend that had been running for the last four years and was part and parcel of a global surge in scrap availability occasioned by the sharp jump in the copper price at the end of last year.
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"The main reasons are the weak fiscal positions in most countries...and the excessive credit growth over the past 10 years that has affected banks and debtors and now causes credit growth to be in a clear downtrend," said Bakkum.
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Though most analysts polled by Reuters earlier this month [AXJ/POLL] still expect the yuan's downtrend to resume later in the year — assuming the dollar will recover — some market watchers such as Macquarie Capital Ltd now forecast no depreciation this year.
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NEW YORK (Reuters) - The dollar fell to a three-week low against a basket of major currencies on Thursday after U.S. inflation and unemployment data failed to reverse a downtrend that followed some of the biggest gains on record for China's yuan.
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"Emerging market equities have been in a downtrend since 2011, characterized by bear market rallies, which have been sparked by valuations and sentiment hitting extreme levels and economic data bottoming," Patrick Cadell, manager of the Liontrust Global Fund, told CNBC via email.
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"I like the technical position of Apple here, and also how earnings have been received here early on in the earnings season," Gordon said, adding that the stock could push above a downtrend going back to 2018 if the results are positive.
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Essentially, $70 used to be the level that the ETF would bounce higher from after being in a downtrend, but after the broader sell-off in the fourth quarter, $70 became the high level that the ETF continuously struggled to stay above.
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" Looking at a chart of XLF, the ETF that tracks financials, Gordon not only sees a "good little downtrend" that has been in place since the year-to-date highs in March, but he also says that financials have been "retesting old lows.
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"The selling price remains in a downtrend due to expansion of e-commerce markets, while a scheduled sales tax hike keep shoppers on guard against price increases," a retailer manager wrote in the Reuters poll of 504 large- and mid-sized companies.
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"The fact that (Bank of Canada Governor) Stephen Poloz is concerned about the worsening global situation, it has put the (USD-CAD) downtrend to a bit of a halt," said Erik Bregar, head of FX strategy at the Exchange Bank of Canada.
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NEW YORK (Reuters) - The technology sector has taken it on the chin in recent days, after lukewarm-to-disappointing results from a range of bellwethers such as Apple, Alphabet and Microsoft, but stocks of smaller tech companies have managed to buck the downtrend.
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Similarly to the downtrend in place for yields that has yet to be broken, the 20+ Year Treasury Bond ETF (TLT) – despite selling off last week – is still above the uptrend that has been in place for most of the past year.
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The Fed's latest cut could support gold in the medium to longer term as it suggests the economy is in a downtrend and the negative impact of coronavirus is likely to continue, said Hareesh V, head of commodity research at Geojit Financial Services.
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First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively.
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"Solid U.S. inflation data tomorrow and the expected dovish comments of ECB President Mario Draghi in Florence on Friday following the recently disappointing data from the euro zone point towards a continuation of the downtrend in euro/dollar," Commerzbank analysts said in a note.
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"But $52 would be a target, let's say, if this continued decline is without bounces," she warned, pointing out that her firm's outlook is still relatively bleak given oil's inability to break above a downtrend from the 2008 peak for the last 10 years.
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"Equity investors have returned from their holidays to find the headlines still dominated by trade war fears, and are understandably in no great rush to commit cash to equities with index benchmarks in a clear short-term downtrend," said Peel Hunt strategist Ian Williams.
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Kishore said there were several factors that could lead the RBI to reverse its policy stance: the downtrend in headline inflation, a softening economic growth outlook, and a fragile shadow banking sector where lending abilities of the non-banking financial companies have been reduced.
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The move to the value of the trend line is a signal to go short in anticipation of a reaction away from this resistance feature created by the downtrend line A. The ANTSSYS trading method is used to capture the retreat from the trend line.
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The trader said the move to dampen yuan short-sellers at the beginning of the year may not change the yuan's long-term downtrend as the dollar is expected to remain strong this year, although the pace of its depreciation will likely be controlled.
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Although employment growth is on a downtrend across the euro zone area, unemployment in Germany is just above its record low of 4.9% and data on Wednesday showed France's jobless rate fell to 8.5% in the second quarter, its lowest since the end of 2008.
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"When you look on a relative basis also toward the XLF, the group remains in a downtrend since the beginning of last year so until that changes, I think it's really difficult even with signs of balance sheets in really good shape," said Newton.
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Reuters calculations show that over the past three years, during which the peso has been on an a rarely interrupted downtrend as the economy's trade surplus gradually turned into a deficit, the growth in remittances is 14 percentage points higher in peso terms than in dollar terms.
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"This is a typical dead cat bounce, where the market temporarily recovers in a downtrend but then continues to slide lower," said a Jeddah-based portfolio manager, adding that only a more concrete deal between top oil producers could sustain a prolonged rally in the stock market.
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The MSCI Emerging Markets stock index has climbed around 12 percent so far this year, after a long downtrend ever since mid-2013, when the U.S. Federal Reserve first broached the idea that it would begin tapering its asset purchases, spurring massive outflows from the segment.
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The recent downtrend - which has seen copper shed 14 percent since touching a 193-1/2 year peak of $7,348 in early June - was fuelled by computer-driven speculators and long liquidation by Chinese hedge funds, said Gianclaudio Torlizzi, Partner at consultancy T-Commodity in Milan.
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The Canadian dollar has been on a downtrend since the Bank of Canada took an unexpected dovish turn last week when it left its benchmark interest rate steady at 1.75%, as expected, but said a future cut was possible should a recent slowdown in domestic growth persist.
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While her comments about "counter-cyclical" measures did not make reference to specific market tools, some analysts have speculated in recent weeks that authorities may re-apply a "counter-cyclical factor" in their daily foreign exchange management to dampen depreciation expectations and slow the yuan's latest downtrend.
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"The credit quality, this move up in interest rates, this loss of a four-decade uptrend in bonds, downtrend in yields, that's the source of the volatility which I think far surpasses these amazing developments technology has come across in the last couple of decades," said Gordon.
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"I don't think this marks a new downtrend and if it does I think it will be quite short lived because rate differentials still matter and U.S. fundamentals on a relative basis are still pretty strong," said Tim Graf, State Street Global Markets' EMEA Head of Macro Strategy.
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The rally comes as the company has soared more than 60 percent off its now infamous $6.66 bottom in December, and follows a multiyear downtrend fueled by a combination of high restructuring costs, weak performance in key lines of business, crippling one-time charges and top-level executive changes.
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Read More Just 1% of mutual funds are positive in 2016 Looking at a year-to-date chart of Netflix, he noted that the stock is now trading in a downtrend channel, which, according to Gordon, has created a "zone of resistance" between $98 and $105 a share.
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"As I look at charts like Regeneron, you've had a nice long-term downtrend reversal, which you can see there on the chart, but then you look at where your overhead resistance comes into play and you might see this stock move up toward maybe 520," Johnson said.
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Read MoreJim Paulsen makes case for why stocks are about to hit record highs "Overbought conditions can likely be sustained for 3-4 days before giving way to a pullback, but this would not be enough time for a breakout from the long-term downtrend channel to be confirmed," she said.
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The currency has been stuck in a downtrend since April, hit by receding expectations that the Bank of England will follow the U.S. Federal Reserve in tightening monetary policy and by concerns about a British economic slowdown at a time when the country's relationship with the European Union is still unclear.
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The currency has been stuck in a downtrend since April, hit by receding expectations that the Bank of England will follow the U.S. Federal Reserve by tightening monetary policy and by concerns about a British economic slowdown at a time when the country's relationship with the European Union is still unclear.
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While Lynx pared back its bet on further oil market falls slightly in January after a market bounce - Brent crude futures recovered almost all of a 26 percent fall to a January low, prompting some short-term models to flip and bet on prices rising - Bergstrom said the broader downtrend remained intact.
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"This may sound counter-intuitive given May has championed the cause of a hard Brexit, but this is how the market has traded (the) British pound headline risk consistently since the snap election was called," the analysts said, adding that the downtrend in the sterling "could resume within days" as Brexit negotiations begin.
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We are experiencing a general downward trend in on-duty deaths of police officers, but that mirrors the overall downtrend of violent crime in general, and there has also been a perceptible decrease in police shootings of unarmed civilians -- incidents that have led to attacks, directly or indirectly, on police in the past.
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"The basic message [in the jobs report] is that the labor market is still solid - employment growth at 1.5 percent year on year remains robust and the continuing downtrend in the unemployment rate from last year's high of 6.3 percent is a positive sign," said Shane Oliver, head of investment strategy and chief economist at AMP Capital.
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Add to that the fact that only half of professional traders and investors polled for the most recent Consensus Bullish index said they felt bullish; the recent downtrend in the Cboe Volatility Index, which tracks how much investors think stocks will swing in the near future; and that, historically, this is a good time of year for stocks; and Garner sees more momentum ahead.
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Although, of course, that doesn't exactly represent a proxy for risk between the fact that 75% of that is interest rate derivatives and that in 5,000-ish years of history, there have never been interest rates remotely close to where we are now, causes me to think that this long downtrend in interest rates, which now have something like 30% of developed market, fixed income, trading at zero or weirdly below, despite the fact that it hasn't worked.
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Though the long-term relative downtrend between the ETF — which tracks large- and midcap developed markets outside of the U.S. and Canada — and the S&P 500 is still in place, this year has seen what Stockton calls a "loss of downside momentum," as some international markets have strengthened relative to the U.S. "It's somewhat subtle, you can see it a bit more obviously in emerging markets on a relative basis, but I do think with the breakout that we saw in the Japanese stocks, combined with this loss of downside momentum in relative terms for global markets, I think it bodes well for a lasting turnaround, where we actually see the U.S. relinquish its leadership stronghold that it's had for several years," she said.
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