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Bloomberg:
- The UK’s crisis is threatening the global inflation flight
- BofA strategist see more pain in store before stocks reach low
- Violent S&P 500 reversal hammers traders positioned for slump
MarketWatch:
- U.S. stocks end sharply lower, failing to make ‘crazy’ bounce-back rally stick as earnings season gets under way
- ‘Soft landing’ unlikely as Fed tries to get grip on inflation, says former Treasury Secretary Robert Rubin
- JPMorgan profit falls but beats estimates
yahoo! finance:
- Stocks erase gains, tumble to end volatile week on Wall Street
- Wall Street banks’ profit slide as economic clouds loom
Google Finance:
- Cheaper Netflix with ads launched in 12 countries
- Amazon on a major hiring spree in South Africa
The bears are not prepared to give up their short positions yet and hammered stocks down after the strong bullish day.
Global Indexes
S&P 500
After touching its negative trend line, the bears hammered the S&P 500 to close below its EMA8 line again. We remain in all negative territory below all resistances.
NASDAQ
The NASDAQ also closed below all resistances in negative territory.
DAX
The DAX made a breakaway gap. We will have to see today if it will follow the US or confirm the positive move.
HANG SENG
The HANG SENG remains in all negative territory.
NYSE & NASDAQ Stocks
Berkshire Hathaway B Inc
Berkshire Hathaway made an attempt to break its negative trend line, but the bears made it close below it.
Exxon Mobil Corporation
Exxon Mobil is busy building a volatile flag similar to the oil price.
JSE Stocks
JSE All Shares
The JSE All Shares started to break up until the selloff started in the US. in the end it closed with an inverted hammer. We now have 4 small body candles next to each other without any confirmation of next trend move.
Woolworths Holdings Ltd
Woolworths is still building a flag after the strong move. Notice that Frontrunner is also still busy with a negative trend and the MACD turned red when it started building the flag.
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.
