Riding the Market Rollercoaster: TSLA, BIDU, and USO Analysis

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Table of Contents

Riding the Market Rollercoaster: TSLA, BIDU, and USO Analysis

Table of Contents:

  1. Introduction
  2. Stock Futures and Greece Agreement
  3. Central Bank Announcements
  4. Impact of Weaker Dollar on Crude Oil
  5. Bond Market and Interest Rates
  6. Potential Resistance Levels for Uso
  7. Unusual Option Volume for Boston Properties
  8. Earnings Reports and Expected Moves
  9. Bullish Trend for Shutterfly
  10. Breakout Mode for Craft Foods
  11. Potential Upside for Trulia
  12. Apple's Growth Story
  13. Tesla and Baidu Stock Analysis
  14. Head and Shoulders Pattern for Whole Foods
  15. Conclusion

Introduction

In this article, we will discuss the latest updates in the financial market and analyze various factors influencing stock futures, currency exchange rates, commodity prices, and bond markets. We will also take a closer look at specific stocks and their potential for growth or decline. Moreover, we will examine the impact of Central Bank announcements and earnings reports on the market. Stay tuned to gain insights into the Current market trends and make informed investment decisions.

Stock Futures and Greece Agreement

The stock futures market rallied as news of a possible agreement between Greece and the European Union emerged. However, the lack of a resolution led to a pullback in stock futures, pushing them into negative territory. Another meeting is scheduled for Monday, raising expectations for a resolution. The market is currently waiting for updates on this front.

Central Bank Announcements

The market has been reacting to Central Bank announcements, and the Bank of England (BoE) has recently declared its intention to implement easing policies. This statement has given a positive boost to stock futures, pushing them close to the highest levels seen in the previous session. Meanwhile, the US dollar is experiencing a sharp pullback, providing support to crude oil prices.

Impact of Weaker Dollar on Crude Oil

The weakening of the US dollar has a significant impact on crude oil prices. Currently, crude oil is trading near session highs, with a recent sharp pullback observed. Traders who took positions in puts for Uso, a crude oil ETF, would have benefitted from this move. The weaker dollar is contributing to the rebound in crude oil prices, but resistance levels could be expected at certain trend lines.

Bond Market and Interest Rates

The bond market is witnessing a pullback, with the 30-year bond exhibiting almost an 8.8 percent decrease. This decline signifies the market's anticipation of higher interest rates. The impact of rising interest rates may affect companies relying on dividend yields, leading to potential weaknesses among them. Specifically, there has been notable option activity in companies such as Boston Properties (BXP).

Potential Resistance Levels for Uso

The Uso ETF, which tracks crude oil prices, is likely to encounter resistance levels as it continues its bounce. The ultimate Channel, which the market has broken out from after four and a half years, suggests a potential move back up to the trend line around 22.50. However, a subsequent pullback may occur, with the long-term trend line at 29 being a significant distance away.

Unusual Option Volume for Boston Properties

During recent trading Sessions, there has been unusual option volume observed in Boston Properties (BXP). Analyzing the Chart, the overall trend appears quite bullish, despite experiencing a drop of almost one and a half percent. The stock briefly dipped to 140 before recovering, indicating the possibility of a pullback. The real estate investment trusts (REITs) sector, including BXP and Simon Property Group (SPG), is displaying weaknesses and could be influenced by interest rate changes.

Earnings Reports and Expected Moves

Several companies are scheduled to release their earnings reports. Shutterfly is expected to see a gap up followed by a potential breakout if it surpasses resistance levels. The options market forecasts a move up to about 49. Meanwhile, Groupon and Kraft Foods are also reporting earnings. Kraft Foods is currently positioned for a breakout, and if it exceeds the 68 to 70 level, it could experience further upward movement. The options market suggests this move to be an additional dollar 79.

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