Bloomberg:
- Fed officials saw need to slow rate-hike pace ‘at some point’
MarketWatch:
- U.S. stocks end lower as investors weigh fed minutes, retail sales
- Stock-market rally faces key challenge at S&P 500’s 200-day moving average
- Australia’s jobless rate falls to a fresh 48-year low
The key challenge remains for the S&P 500 to break its 200 day moving average to signal a real bull market.
Global Indexes
S&P 500
The S&P 500 has the 200 day moving average and a long term negative trend line ahead. The small body candle down from yesterday confirms the uncertainty. The current future values are also uncertain.
DAX
The DAX had no uncertainty at its negative trend line and bounced down with an engulfing bear candle.
HANG SENG
The HANG SENG remain with a negative candle on its EMA8 line.
NYSE & NASDAQ Stocks
Home Depot Inc
Home Depot followed the strong move of Wal-Mart Stores and hesitated yesterday with profit taking.
Apple Inc
Apple did not hesitate and is still on its way to top resistance.
JSE Stocks
Sasol Limited
The Brent Crude price is still dropping and so is Sasol with it. Notice the MACD bar color change and Frontrunner breaking down.
Pick n Pay Stores
Pick n Pay Stores broke a resistance to continue its strong move. Notice that the Trend Factor even started turning green.
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.
