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JOYY Inc (YY) Breaks Key Support, Here’s The Trade

JOYY Inc (YY) is a leading Chinese social media platform that engages users in real time online group activities through voice, video and text. Traders and investors should note that this stock peaked out on February 16, 2021 at $147.78 a share.

Who Is the Boss When It Comes To Rate Hikes?

 Earlier today, it was reported that Treasury Secretary Yellen said that interest rates will have to rise a little bit to make sure our economy doesn’t overheat. This comment is sending shock waves through the market as Federal Reserve Chairman Jay Powell promised to keep the fed funds rate near zero until 2023.

Twitter Looks Cooked, Here’s The Next Major Level

Leading social media stock, Twitter Inc (TWTR), has been under sharp pressure since April 30, 2021. At that time, the stock plunged by 15.2% after reporting earnings that disappointed Wall Street investors. Today, Twitter Inc (TWTR) shares are trading lower by another 4.28% to $52.86 a share.

JD.COM (JD) Is Trending Down, Watch This Support Level

JD.Com Inc (JD) is a leading Chinese online retailer. The stock topped out on February 17th, 2021 at $108.29 a share. Since that pivot top, the shares have declined sharply and the stock is currently trading at $76.50 a share. The shares are now trading below the important 50 and 200-day moving averages.

Extreme Froth, But When Will The Market Start To Talk?

Everyone knows that the central banks are the primary force behind all market booms. After all, it is the liquidity in the system that pushes up the valuations of stock prices. A case can be made that the central banks around the world have continued to prop up the markets since 2009 when the S&P 500 Index bottomed at 666.78.