TAGS: South Africa market analysis
Bloomberg:
- Chip startup defies global rout with 15% surge in Tokyo IPO
MarketWatch:
- Wall Street’s ‘fear gauge’ is flashing a warning that stocks could be about to fall off a cliff
- U.S. stocks end lower with S&P 500 booking 6-day losing streak as investors digest Fed minutes
The news remains negative while the downward momentum eased slightly.
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 at current level.
HANG SENG
The HANG SENG only knows one path and that is downwards.
NYSE & NASDAQ Stocks
PepsiCo Inc
PepsiCo made a breakaway gap to break its negative trend with a 4.2% gain. Notice how the MACD is just turning green.
Microsoft Corporation
It has been a long time since I showed Microsoft. It is currently making a tweezer bottom easing downward momentum.
JSE Stocks
JSE All Shares
The downward momentum on the JSE All Shares is also easing with two long-legged small body candles next to each other.
Exxaro Recources Ltd
The downward momentum for Exxaro Resources also stalled with an engulfing bull candle. Notice that we have divergence in place.
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.
