S&P 500 broke Flag Downwards

News in Brief

Bloomberg:

  • S&P 500 slumps more than 2% in late-day selloff

MarketWatch:

  • Alibaba shares decline in Hong Kong, extending Wall Street’s selloff
  • Oil-stock trade is ‘too obvious’, says fund manager, who expects a pullback in prices

Global Indexes

S&P 500

The S&P 500 had a late-day trading selloff and broke its flag downwards. The EMA8 line was also broken and we are back in all negative territory.

DAX

Earlier the day the DAX also broke its positive trend and EMA8 lines.

HANG SENG

The HANG SENG is still managing to stay above its EMA8 line, but the short term positive trend line is broken.

NYSE & NASDAQ Stocks

Apple Inc

The negative trend line of Apple Inc was too strong and it bounced down from it.

Berkshire Hathaway B Inc

Berkshire Hathaway already started bouncing down the previous day from its negative trend line.

JSE Stocks

Satrix 40 Portfolio

All the negative trend lines stay in play and also for the Satrix 40 Portfolio.

Anglo American plc

Anglo American plc broke its positive trend line after the engulfing bear candle the previous day. Notice the divergence at the top.

Algomodel Startegies, Education & Features

Click on Education or go to the home page to view education posts.

Frontrunner, Gaps, Trend and Cyclic Indicators are explained in these education posts.

All stock graphs are shown with a Trend Candles Template which is a feature available in Algomodel Signals Pro.

We are currently revisiting all the educational posts and will publish revised versions as they are completed.

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