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Markets are making a Strong Move

News in Brief

Bloomberg:

  • US futures gain with European stocks; Dollar slips
  • JPMorgan strategist see equity stress easing in second half

MarketWatch:

  • Fed’s Bullard says U.S. economy should continue to grow in coming quarters
  • Stocks are still too expensive and rising rates may shock financial system, Seth Klarman warns

The U.S. markets were closed yesterday, but the futures are very strong.

Global Indexes

Nikkei 225

The Nikkei 225 bounced off strong support. After the last gap (exhaustion) a doji formed on this support.

DAX

The DAX gave a Power signal and also broke the short term negative trend line.

HANG SENG

The bounce of the HANG SENG on the positive trend line continues and the EMA8 line (orange) is broken today.

NYSE & NASDAQ Stocks

The U.S. Markets were closed yesterday.

JSE Stocks

Satrix 40 Portfolio

After the negative candle the Satrix 40 Portfolio did bounce on the 60 support with a power signal and a hammer candle.

FirstRand Limited

It turned out to be a good day for banks. FirtsRand Limited bounced on strong support. We also had a Power signal on this support line 2 days earlier.

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.

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