TAGS: Software for stock analysis
Bloomberg:
- Ally tumbles after auto-lending giant reports slowing loans
- Snap shocks market again, Fueling $29 billion social media slump
MarketWatch:
- Oil prices build on gains as China reportedly weighs easing quarantine rules
- With resignation, Liz Truss will be shortest-serving U.K. prime minister ever
- Jobless claims drop to three-week low of 214 000 as hurricane Ian effects fade
Too many shocks made markets correct after a bullish opening on the US markets.
Global Indexes
S&P 500
With its latest correction the S&P 500 closed on its EMA8 line. We are still caught between the EMA8 line and the negative trend line.
DAX
The DAX is also struggling against its 50-day moving average and has touched it 3 times.
HANG SENG
The HANG SENG is making another small body candle to confirm uncertainty about current direction.
NYSE & NASDAQ Stocks
Apple Inc
Apple is sharing the uncertainty on global markets with an inverted hammer candle. Notice that the MACD and Frontrunner did not budge and are still moving positively.
Exxon Mobil Corporation
As soon as Exxon Mobil touched top resistance, it made an uncertain candle.
JSE Stocks
JSE All Shares
Uncertainty is also on the JSE with the JSE All Shares making a hammer candle. We need confirmation of direction on most markets.
Dis-Chem Pharmacies
Although Dis-Chem Pharmacies bounced on support, it is still below the negative trend line. Solidarity has sent legal documents to Dis-Chem regarding its ban on the appointment and promotion of white people.
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.
