TAGS: Share value analysis
Bloomberg:
- Stocks take a breather after furious rally from low
- US stock rally is sending a bullish signal, BofA strategist says
MarketWatch:
- OPEC+ agrees to cut oil production by 2 million barrels a day
- U.S. stocks open lower after best start to a quarter since 1938
- The stock market is wrong: The economy isn’t going to ‘blow a gasket’ just yet, warns economist
- Stocks won’t find bottom until Fed nears end of rate-hike cycle, says volatility maven
Socknews.com:
- How long will this sucker rally last?
Profit taking stepped in after economic data and bears trying to take control of markets again. Quite controversial news as uncertainty prevails.
Global Indexes
S&P 500
Even with the S&P 500 taking a breather, the MACD bars just turned green.
DAX
Similar for the DAX.
HANG SENG
The HANG SENG is also taking a breather after the breakaway gap.
NYSE & NASDAQ Stocks
Exxon Mobil Corporation
While most of the stocks took a breather, Exxon Mobil steamed ahead. Notice how accurate the Power signals are for this stock. The MACD bars also turned green.
Caterpillar Inc
Caterpillar took a breather, like most stocks, after the breakaway gap. Notice that the MACD bars are also turning green for this stock.
JSE Stocks
JSE Resources 20
Profit taking also stepped in for the JSE Resources 20 after it broke a long-term negative trend line the previous day. Notice that the MACD turned green.
Northern Platinum Holdings Ltd
Northern Platinum also stalled with a doji after a weekly gain of 16%. We are in overbought territory!
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.
