TAGS: South Africa market analysis
Bloomberg:
- Hong Kong stocks slide to 2011 low on Fed, geopolitical risks
- S&P 500 history points to a sharp bounce after fed meeting
MarketWatch:
- Ray Dalio says stocks, bonds have further to fall, sees U.S. recession arriving in 2023 or 2024
- Carl Icahn to investors: ‘The worst is yet to come’
- Fed OKs another massive interest-hike – and it’s not about to stop
The slide continues on Global markets with a bounce here and there.
Global Indexes
S&P 500
The slide of the S&P 500 intensified with a sharper negative trend line.
DAX
The DAX made a bounce in a negative trend, still way below its EMA8 line.
HANG SENG
The HANG SENG made a downwards gap this morning and is currently having an uncertain doji. The doji is below a previous support!
NYSE & NASDAQ Stocks
Kellogg Company
Kellogg Company was one of a handful of shares that moved positively. It did so with a breakaway gap. Notice the large upper body that developed when the S&P 500 turned negative.
Amazon.com Inc
The slide of Amazon.com also intensified like most shares. Notice where the MACD turned red.
JSE Stocks
JSE All Share
The JSE All Share remained negative and none of the hammer candles were confirmed for a turn. Notice how the MACD is also remaining red.
Investec plc
All the turning candles of Investec were confirmed with a positive move, but with all the negative sentiment one will have to see if the MACD manage to turn green. Trend candles is also only yellow.
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.
