TAGS: Tools to analyse stocks
Bloomberg:
- China stocks pair gain as rising cases thwart reopening hopes
- ARK short sellers suffer $180 million one-day hit as fund surges
- Asia earnings week ahead: Alibaba, Tencent, Japan’s Megabanks
MarketWatch:
- Opinion: Bitcoin owners are bellyaching about its plunge, but the digital currency’s volatility is no more extreme than that of stocks
- US stocks could rally another 25% now that Fed no longer has ‘back against the wall’ in inflation fight
- Tesla stock loses more than 8% this week as CEO Elon Musk completes another roller coaster week at Twitter
- Elon Musk says Twitter bankruptcy ‘not out of the question’ as more top execs leave
yahoo! finance:
- FTX files for bankruptcy, CEO Sam bankman-fried …
- Elon Musk braces for $56 billion battle with heavy metal drummer
Google Finance:
- Movies and shows are missing from Netflix’s cheaper ad-supported plan
- Netcare puts two of its old Joburg hospitals up for auction
Although we still have a lot of volatility on markets quite a few of the global markets have broken long-term resistances to the top. There are lots of breakaway gaps in all markets.
Global Indexes
S&P 500
The S&P 500 is well above its 50-day moving average and, on its way, to test the last long-term resistance, its 200-day moving average.
NASDAQ
Similar for the NASDAQ.
DAX
The DAX is in all positive territory with a Trend Factor that is also turning positive.
HANG SENG
The HANG SENG made a strong breakaway gap on Friday to close on its 50-day moving average. Another gap this morning is breaking this moving average and the negative trend line. We will have to see how the earnings week is going to influence this positive move.
NYSE & NASDAQ Stocks
Berkshire Hathaway B Inc
After the breakaway gap Berkshire Hathaway closed on its 200-day moving average. On Friday it broke it in style to be in all positive territory. Notice that the MACD never turned red during the J-curve and kept you in the market.
Estee Lauder Companies Inc
Estee Lauder was shown last week when it made a breakaway gap. It made a small J-curve and then two continuation gaps followed. It broke its 50-day moving average with the latest gap. This share still has a lot of ground to recover from the previous corrections.
JSE Stocks
JSE All Shares
The JSE All Shares has also responded to the global positive moves and is actually performing better than most global markets.
Compagnie Financiere Richemont SA
After Richemont broke its 200-day moving average, it took off like a rocket with a large breakaway gap.
Algomodel Strategies, 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.
