During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
Gold is Below $1900
2021-05-28 • Updated
In line with our expectations mentioned in yesterday’s note. Gold failed to sustain its gains above $1900/Oz and declined back all the way to $1888 during the Asian session today, leading the technical indicators to turn lower, especially the RSI indicator. In the meantime, we will keep Gold on watch for a possible long on the short-term next week. The current downside retracement may continue towards $1870 and $1850 which likely to hold and this is when we will be looking for new long positions.
S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
1865.47 |
1880.83 |
1888.69 |
1896.19 |
1904.05 |
1911.55 |
1926.91 |
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