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Home sellers are taking their homes off the market at a fast clip, because they are sitting for more than 60 days and prices are weakening.
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Short squeeze to trap
S&P 500 struggled with 6,665 for as long as it did not anymore – are the sellers defeated now, or is 6,730s the new resistance? -
Nvidia namechecks Michael Burry in secret memo pushing back on AI bubble allegations
The chipmaker quietly circulated a private memo to analysts that explicitly namechecked investor Michael Burry and pushed back on many of his claims. -
Musk’s xAI to close $15 billion funding round in December: sources
Competitors OpenAI and Anthropic have raised significant funds in recent months as demand for foundational models skyrockets. -
Consumer confidence hits lowest point since April as job worries grow
The board’s Consumer Confidence Index slumped to 88.7, a drop of 6.8 points from the prior month for its lowest reading in seven months. -
Alphabet (GOOGL) AI craze slams into technical resistance
Shares of Alphabet (GOOGL) are once again trading higher. The latest darling for AI investors is trading at $332, making it the latest mega cap to tag a $4 trillion market cap. GOOGL has gained 136% since the April 2025 lows. That means a market cap gain of over $2 trillion in 8 months. -
EURUSD Technicals: The EURUSD is breaking above 200 hour MA/38.2% of range since October
The EURUSD is making a “break for it” as it extends above both the 38.2% retracement of the range since the October high, and 200 hour moving average, both at 1.1567. The level is now close risk for traders. Earlier today, the price broke above a swing area between 1.1541 and 1.1546. The last 3 days has seen the price moved above those levels but quickly fail. Today the momentum continued.
So buyers are making a play. The next key target comes against the 50% midpoint of the same move down from the October high. A level comes in at 1.15976 near the natural resistance at 1.1600.
This article was written by Greg Michalowski at investinglive.com.
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H&R Block (HRB) stock: 20% plunge just broke a five-year trendline
H&R Block, the well-known leader in tax preparation services, has seen a painful, steep 20% decline since its earnings report on November 6th. The strange part? The company actually reported an earnings-per-share (EPS) beat on expectations and showed strong year-over-year operational improvement. -
Celsius is down over 36% from earnings — My key support levels here
Celsius Holdings (CELH) has been on a sharp slide lately, dropping more than 36% since its post-earnings breakdown. Heading into the report, I was watching the stock trade inside an upsloping parallel channel—something I’ve always viewed as a bearish signal when momentum starts to fade. -
Sunset Market Commentary
Markets European markets weren’t really heading anywhere until ABC News reported on Ukraine agreeing to terms of a peace deal according to a US official: “The Ukrainians have agreed to the peace deal. There are some minor details to be sorted out”. Headlines followed talks between the US and Ukraine in Geneva this weekend and […]
The post Sunset Market Commentary appeared first on Action Forex.
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