Bloomberg:
- China surprise data could spell R-e-c-e-s-s-i-o-n
- Indian Billionaire’s stock holdings worth nearly $4 billion in focus after death
MarketWatch:
- Afraid you missed the stock-market bottom? History says curb your FOMO
- Dow rises for fifth day to highest close since April as retailer stocks fuel rally
Lesson 12 about the MACD was posted yesterday. If you intend to use the MACD, you need to read very carefully about all the pros and cons.
Global Indexes
S&P 500
The S&P 500 is touching its 200 day moving average while the DOW broke its average.
DAX
The DAX is busy breaking an important negative long term trend line.
HANG SENG
The HANG SENG closed well below EMA8 line yesterday, only to bounce back to it today.
NYSE & NASDAQ Stocks
Wal-Mart Stores Inc
Wal-Mart Stores was the leader of the pack with its 5.1% gain and breakaway gap. Notice where the MACD signal line gave a warning of better days coming.
Boeing Co
The MACD has the ability to keep you in a trend and is doing so for Boeing. Notice where the last signal was given. The circle highlights the sideways period where the indicator struggles. (See lesson 12)
JSE Stocks
BHP Group Plc
BHP Group made a breakaway gap to break its long term negative trend line. Notice where the MACD bars turned green.
Prosus NV
Prosus NV broke its short term negative trend line. The purple lines indicate the divergence. The MACD has not turned green yet, but did have a color change to light red.
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.
