TAGS: Software for stock market analysis
Bloomberg:
- Stocks slump deepens, Dollar rises on haven demand
- Stocks sink after BOE warning rattles investors
MarketWatch:
- S&P 500 books second lowest close for the year. And it still can get scarier for stocks
- Biden says Saudis will face consequences over OPEC+ production-quota cut that aids Russia and harms Americans
- It’s time to pivot from the idea of a Federal Reserve rate-hike pivot, Goldman Sachs strategist say
The news remains negative with markets extending their slide.
Global Indexes
S&P 500
The S&P 500 made a long-legged doji to signal uncertainty about current direction.
DAX
The DAX is also stalling slightly with a lower shadow candle. Meaning that it did not close at the bottom of the day.
HANG SENG
The HANG SENG is showing no sign of brakes and continues its slide.
NYSE & NASDAQ Stocks
BlackRock Global Opportunities Equity
BlackRock was mentioned in the news. Notice that its total slide to date is 23.9%, contributing to an all-negative Trend Factor.
Kinsale Capital Group Inc
Kinsale Capital Group is ignoring the current market slide and is still continuing towards top resistance. It is however in overbought territory.
JSE Stocks
JSE All Shares
The JSE All Shares is also stalling with a long-legged small body candle about current direction. These turning candles need confirmation if change of direction is happening. The US direction will be the key.
Anglo American Platinum Ltd
Anglo American Platinum did not complete its Rising Three Method pattern, but instead it managed to close 5 times inside the breakaway bullish candle without closing the gap. The bull trend remains with the MACD still 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.
