TAGS: Software for stock analysis
News in Brief
Bloomberg:
- Goldman Sachs strategists say bear market will last in 2023
- US stocks drop with Fed policy, China in focus
MarketWatch:
- S&P 500 to bottom in the first quarter, creating a ‘terrific buying opportunity,’ says Morgan Stanley’s Wilson
- US stocks finish lower as China COVID-19 fears resurface
Markets are still correcting out of overbought territory with news helping it along. We do not see a major selloff.
Global Indexes
S&P 500
The S&P 500 closed with a candle sitting on its EMA8 line with a bounce on the line.
DAX
The DAX is still moving more sideways than correcting.
HANG SENG
Even the HANG SENG is hanging around its EMA8 line with uncertain doji’s.
NYSE & NASDAQ Stocks
Nucor Corporation
Nucor is not bothered about all the negative news and is busy breaking a long-term resistance to continue its positive trend.
Deere Company
Deere Company is also managing to stay above its positive trend line. As shares are taking a breather, they are moving out of the extreme overbought territory.
JSE Stocks
JSE All Shares
The JSE All Shares is forming a flag with its correction. A break of the flag will give new direction.
Netcare Ltd
Netcare took off like a rocket from extreme oversold territory. Its latest gain is busy breaking its 200-day moving average to place it back in all positive territory.
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.
