Social trend and summarized meme
They want their cake and to eat it too. Rate cuts support short-term market growth while withholding bad news prevents a huge market panic. Letting these unreliable private businesses like ADP report payroll gives the Fed indication that things aren't great while investors can always handwave ADP's stats as incomplete. We'll likely keep kicking the can down the road, as a shutdown will probably happen again in February. If we're headed for an economic recession, it could be a long time before the market realizes.
Technical Analysis
| Oscillators | |||
|---|---|---|---|
| CCI20 | 62.82 | NEUTRAL | |
| RSI | 57.65 | NEUTRAL | |
| Stoch.K | 74.47 | NEUTRAL | |
| ADX | 30.07 | NEUTRAL | |
| AO | 19.11 | NEUTRAL | |
| BBPower | 7.88 | NEUTRAL | |
| MACD.macd | 7.67 | BUY | |
| Mom | 0.62 | SELL | |
| Stoch.RSI.K | 60.08 | NEUTRAL | |
| UO | 57.16 | NEUTRAL | |
| W.R | -45.69 | NEUTRAL | |
| Moving Averages | |||
|---|---|---|---|
| EMA10 | 247.75 | SELL | |
| EMA100 | 228.71 | BUY | |
| EMA20 | 241.61 | BUY | |
| EMA200 | 238.67 | BUY | |
| EMA30 | 237.08 | BUY | |
| EMA50 | 231.28 | BUY | |
| HullMA9 | 255.24 | SELL | |
| Ichimoku.BLine | 237.56 | NEUTRAL | |
| SMA10 | 248.28 | SELL | |
| SMA100 | 217.75 | BUY | |
| SMA20 | 238.75 | BUY | |
| SMA200 | 237.15 | BUY | |
| SMA30 | 233.85 | BUY | |
| SMA50 | 228.57 | BUY | |
| VWMA | 236.69 | BUY | |
| Date** | Open | High | Low | Close or Current | R500* | Mentions | Positive Mentions | Up Votes | Voted Sentiment** |
|---|
Not investment advice. Invest at your own risk.