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Market Movements Report Time: 18-Dec-2018 01:10 EST
Symbol Latest Price Daily Change
EURUSD 1.134  0.02%
USDJPY 112.59  0.03%
GBPUSD 1.263  0.02%
USDCHF 0.992  0%
Dow 23,592.98  0%
Nasdaq 6,450.15  0%
S&P 500 2,546.25  0%
FTSE 6,724.5  0.14%
Market Reports are generated 3 times per day before the open of Tokyo, London and New York. These reports provide you with a snapshot of the technical outlook of the markets before the opening of the major financial centres.

Market movements show change in price from the same report 24 hours earlier.
Supporting RSI and Moving Averages are 34 candles
TP: Last Turning Point – used to identify Support (SL) and Resistance (RL) Levels

International Business Machines Corp.
29-Oct-10:30 -> 17-Dec-18:30
Target Level: 114.1971
RL: (A) 123.8100 Last TP of Triangle
Target Period: 2 days
Interval 4 hour
Pattern Triangle
Length 31 Candles
Identified 17-Dec-14:30
Triangle has broken through the support line at 17-Dec-14:30. Possible bearish price movement forecast for the next 2 days towards 114.1971.
Supported by Downward sloping Moving Average
Chevron Corp.
05-Dec-11:30 -> 17-Dec-17:00
Target Level: 111.1591
RL: (A) 114.8900 Last TP of Triangle
Target Period: 10 hours
Interval 30 Minutes
Pattern Triangle
Length 72 Candles
Identified 17-Dec-16:00
Triangle has broken through the support line at 17-Dec-16:00. Possible bearish price movement forecast for the next 10 hours towards 111.1591.
Supported by Downward sloping Moving Average
Johnson & Johnson 14-Nov-01:00 -> 18-Dec-01:00
Interval Daily
Pattern Big Movement
Length 3 Candles
Identified 18-Dec-01:00
Johnson & Johnson experienced a 12.13% bearish movement in the last 5 days.
AT&T Inc.
29-Oct-10:30 -> 17-Dec-18:30
Target Level: 29.1700
SL: (A) 29.1700 Last TP of Falling Wedge
RL: (B) 30.3600 Last TP of Falling Wedge
Target Period: 2 days
Interval 4 hour
Pattern Falling Wedge
Length 32 Candles
Identified 17-Dec-14:30
Falling Wedge identified at 17-Dec-14:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 29.1700 within the next 2 days.
Supported by RSI above 60
General Electric Co.
17-Oct-14:30 -> 17-Dec-18:30
Target Level: 6.6600
SL: (A) 6.6600 Last TP of Channel Down
RL: (B) 7.5000 Last TP of Channel Down
Target Period: 3 days
Interval 4 hour
Pattern Channel Down
Length 45 Candles
Identified 17-Dec-14:30
Channel Down identified at 17-Dec-14:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 6.6600 within the next 3 days.
Supported by Downward sloping Moving Average
Coca-Cola Co.
29-Oct-10:30 -> 17-Dec-18:30
Target Level: 47.8120
RL: (A) 50.0200 Last TP of Descending Triangle
Target Period: 2 days
Interval 4 hour
Pattern Descending Triangle
Length 32 Candles
Identified 17-Dec-18:30
Descending Triangle has broken through the support line at 17-Dec-18:30. Possible bearish price movement forecast for the next 2 days towards 47.8120.
Supported by Downward sloping Moving Average
Pfizer Inc.
13-Nov-14:30 -> 17-Dec-17:00
Target Level: 42.8502
SL: (A) 43.0700 Last TP of Head and Shoulders
RL: (B) 44.9000 Last TP of Head and Shoulders
Target Period: 2 days
Interval 30 Minutes
Pattern Head and Shoulders
Length 240 Candles
Identified 17-Dec-14:00
Head and Shoulders has broken through the support line at 17-Dec-14:00. Possible bearish price movement forecast for the next 2 days towards 42.8502.
Supported by Downward sloping Moving Average
JPMorgan Chase & Co. 07-Nov-01:00 -> 18-Dec-01:00
Interval Daily
Pattern Big Movement
Length 8 Candles
Identified 18-Dec-01:00
JPMorgan Chase & Co. experienced a 5.62% bearish movement in the last 12 days.
Verizon Communications Inc. 12-Nov-01:00 -> 18-Dec-01:00
Interval Daily
Pattern Big Movement
Length 5 Candles
Identified 18-Dec-01:00
Verizon Communications Inc. experienced a 4.78% bearish movement in the last 7 days.
Merck & Co. Inc.
27-Sep-14:30 -> 17-Dec-18:30
Target Level: 73.6913
RL: (A) 79.0800 Last TP of Triangle
Target Period: 13 hours
Interval 4 hour
Pattern Triangle
Length 69 Candles
Identified 14-Dec-14:30
Triangle has broken through the support line at 14-Dec-14:30. Possible bearish price movement forecast for the next 13 hours towards 73.6913.
Supported by RSI above 60
Wal-Mart Stores Inc.
28-Aug-10:30 -> 17-Dec-18:30
Target Level: 88.0260
Target Period: 2 days
Interval 4 hour
Pattern Support
Length 108 Candles
Identified 14-Dec-14:30
Broke through Support level of 92.8900 at 14-Dec-14:30
Supported by Downward sloping Moving Average
ConocoPhillips
29-Oct-10:30 -> 17-Dec-18:30
Target Level: 61.7473
RL: (A) 67.0800 Last TP of Triangle
Target Period: 2 days
Interval 4 hour
Pattern Triangle
Length 31 Candles
Identified 17-Dec-14:30
Triangle has broken through the support line at 17-Dec-14:30. Possible bearish price movement forecast for the next 2 days towards 61.7473.
Supported by Downward sloping Moving Average
Schlumberger Ltd. 31-Oct-01:00 -> 18-Dec-01:00
Interval Daily
Pattern Big Movement
Length 11 Candles
Identified 18-Dec-01:00
Schlumberger Ltd. experienced a 15.6% bearish movement in the last 15 days.
Abbott Laboratories
31-Oct-14:30 -> 17-Dec-18:30
Target Level: 68.7900
SL: (A) 68.7900 Last TP of Descending Triangle
RL: (B) 73.8598 Last TP of Descending Triangle
Target Period: 2 days
Interval 4 hour
Pattern Descending Triangle
Length 27 Candles
Identified 17-Dec-14:30
Descending Triangle identified at 17-Dec-14:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 68.7900 within the next 2 days.
Supported by Downward sloping Moving Average
Citigroup Inc. 31-Oct-01:00 -> 18-Dec-01:00
Interval Daily
Pattern Big Movement
Length 11 Candles
Identified 18-Dec-01:00
Citigroup Inc. experienced a 17.9% bearish movement in the last 15 days.
Bank of America Corp.
25-Oct-10:30 -> 17-Dec-18:30
Target Level: 24.2900
SL: (A) 24.2900 Last TP of Falling Wedge
RL: (B) 24.9300 Last TP of Falling Wedge
Target Period: 2 days
Interval 4 hour
Pattern Falling Wedge
Length 36 Candles
Identified 17-Dec-18:30
Falling Wedge identified at 17-Dec-18:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 24.2900 within the next 2 days.
Supported by Downward sloping Moving Average
Home Depot Inc.
25-Oct-10:30 -> 17-Dec-18:30
Target Level: 163.2901
SL: (A) 167.7300 Last TP of Descending Triangle
RL: (B) 175.1400 Last TP of Descending Triangle
Target Period: 2 days
Interval 4 hour
Pattern Descending Triangle
Length 36 Candles
Identified 17-Dec-18:30
Descending Triangle has broken through the support line at 17-Dec-18:30. Possible bearish price movement forecast for the next 2 days towards 163.2901.
Supported by Downward sloping Moving Average
UnitedHealth Group Inc.
29-Oct-10:30 -> 17-Dec-18:30
Target Level: 254.3644
RL: (A) 272.6200 Last TP of Triangle
Target Period: 2 days
Interval 4 hour
Pattern Triangle
Length 31 Candles
Identified 17-Dec-14:30
Triangle has broken through the support line at 17-Dec-14:30. Possible bearish price movement forecast for the next 2 days towards 254.3644.
Supported by Downward sloping Moving Average
Hewlett-Packard Co. 07-Nov-01:00 -> 18-Dec-01:00
Interval Daily
Pattern Big Movement
Length 8 Candles
Identified 18-Dec-01:00
Hewlett-Packard Co. experienced a 5.84% bearish movement in the last 12 days.
U.S. Bancorp 31-Oct-01:00 -> 18-Dec-01:00
Interval Daily
Pattern Big Movement
Length 11 Candles
Identified 18-Dec-01:00
U.S. Bancorp experienced a 12.66% bearish movement in the last 15 days.
Caterpillar Inc.
25-Oct-10:30 -> 17-Dec-18:30
Target Level: 121.1600
SL: (A) 121.1600 Last TP of Descending Triangle
RL: (B) 127.6500 Last TP of Descending Triangle
Target Period: 2 days
Interval 4 hour
Pattern Descending Triangle
Length 36 Candles
Identified 17-Dec-18:30
Descending Triangle identified at 17-Dec-18:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 121.1600 within the next 2 days.
Supported by Downward sloping Moving Average
Goldman Sachs Group Inc. 07-Nov-01:00 -> 18-Dec-01:00
Interval Daily
Pattern Big Movement
Length 8 Candles
Identified 18-Dec-01:00
Goldman Sachs Group Inc. experienced a 7.31% bearish movement in the last 12 days.
Boeing Co. 12-Nov-01:00 -> 18-Dec-01:00
Target Period: 2 days
Interval Daily
Pattern Consecutive Candles
Length 5 Candles
Identified 18-Dec-01:00
Boeing Co. experienced 5 consecutive bearish candles. Possible bullish price movement to follow.
Eli Lilly & Co.
30-Oct-14:30 -> 17-Dec-18:30
Target Level: 105.9772
RL: (A) 115.0325 Last TP of Descending Triangle
Target Period: 2 days
Interval 4 hour
Pattern Descending Triangle
Length 29 Candles
Identified 17-Dec-14:30
Descending Triangle has broken through the support line at 17-Dec-14:30. Possible bearish price movement forecast for the next 2 days towards 105.9772.
Supported by Downward sloping Moving Average
Ford Motor Co.
22-Oct-14:30 -> 17-Dec-18:30
Target Level: 8.3800
SL: (A) 8.3800 Last TP of Falling Wedge
RL: (B) 8.7200 Last TP of Falling Wedge
Target Period: 3 days
Interval 4 hour
Pattern Falling Wedge
Length 40 Candles
Identified 17-Dec-18:30
Falling Wedge identified at 17-Dec-18:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 8.3800 within the next 3 days.
Supported by Downward sloping Moving Average

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