Uncertain Direction for Markets

Bloomberg:

  • Alibaba and Tencent face end of an era as sales start to shrink
  • Volatility hits markets with Geopolitics adding to set of risks
  • JPMorgan’s Kolanovic stands apart in saying stocks will rebound

MarketWatch:

  • Stock investors will likely sweat out August if recent market history repeats
  • Fed’s Bullard says U.S. can conquer high inflation and avoid a recession

The markets remain very uncertain about the next move while profit taking is taking place.

Global Indexes

S&P 500

The S&P 500 had some more profit taking and closed with another uncertain candle. The current futures are also uncertain with about no movement.

DAX

The DAX touched its EMA8 line and then bounced to close above its 50 day moving average, remaining in positive territory.

HANG SENG

Although slightly positive, the HANG SENG remains in all negative territory.

NYSE & NASDAQ Stocks

Caterpillar Inc

The breakaway gap drop of Caterpillar was the main reason for the 1.23% drop of the DOW. The short term positive trend line is also broken.

Enphase Energy Inc

Our top trend share, Enphase Energy, was one of a handful of shares that broke top resistance to record a new high.

JSE Stocks

JSE All Share

After the Power signal the JSE All Share retreated to touch its negative trend line.

Quilter plc

After the breakaway gap, Quilter is busy attacking its negative trend. Notice the strong % moves for the past month.

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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