RCL cruising ahead

 RCL cruising ahead

RCL cruising ahead.

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It has not been a great week for the US Indices as the Nasdaq and S&P had their biggest weekly declines since February of this year, following tapering suggestions as to the Fed ramp-up to announce tapering in next month’s FOMC meeting.

ISM Manufacturing PMI and Consumer Sentiment is set to be released at 16:00 (SAST) to take note of.

Yesterday’s movers:

Stocks to watch:

Royal Caribbean Cruises (RCL)

As vaccination rates and continue to increase and global travel pics up, travel stocks has continued to break pre-covid levels as investor speculation in the travel industry gains traction.

Technically the chart is setting up well as we’re getting a retracement back down to the rising wedge, targeted entry should be between $84-$86.

Zander van der Merwe

Zander van der Merwe is a Commerce graduate with majors in Economics from the University of Pretoria with an intense passion for the financial markets. My general focus is to look at the markets holistically combining strong Fundamental views with the incorporation of Technical analysis in the sphere of the United States stock markets, indices, commodities as well as the new kid on the block: cryptocurrencies. I incorporate this very strongly with my value add to the TD Markets team to ensure that clients are being given the transparent and in-depth view of the markets that is imperative to a career in trading. I am also a writer and market analyst at TD markets

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