Bloomberg:
- Ryan Cohen exits entire Bed Bath & Beyond stake, Drives 27% drop
MarketWatch:
- JP Morgan quant who called summer rally says there’s plenty of ammunition to drive stocks higher
- Evidence for a new bull market in stocks is rapidly piling up
I am away for 2 weeks and will do the next market review on 5 Sept. Be careful in overbought territory!
Global Indexes
S&P 500
Uncertainty continues for the S&P 500 just below the 200 day moving average with small body candles.
DAX
The DAX made a small bounce to close on its EMA8 line. The strong negative trend line is still the big hurdle.
HANG SENG
The negative trend line for the HANG SENG was adjusted with the current tops shown. The index remain below this negative trend line and is also below its EMA8 line.
NYSE & NASDAQ Stocks
EOG Resources Inc
Resources did well and EOG Recources made another gap. Notice where the MACD turned green for the first time. After a small sideways consolidation, its MACD bars turned light green again.
Keysight Technologies Inc
Keysight Technologies made another large gap to continue its positive move. Notice where the first breakaway gap was together with the MACD turning green as well as trend candles.
JSE Stocks
JSE All Shares
The JSE All Shares is still consolidating sideways above its positive trend line.
Exxaro Resources Limited
Exxaro Resources published excellent results and the share is continuing its positive trend..
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.
