TAGS: How to calculate a market share
News in Brief
Bloomberg:
- Stocks end winning week with rate outlook in focus
- Asian markets brace for impact as China unrest hits sentiment
- China markets slide as covid protests put investors on edge
MarketWatch:
- Bear markets come in three stages, and we’ve only just started the second, says veteran analyst
- Black Friday on track to top $9 billion in online sales for first time
- ‘Santa Claus rally’ for stocks is likely this year, but you won’t be opening presents until after Christmas
- Year-end rally? Bullish stock market pattern set to collide with stagflation fears
yahoo! finance:
- Igor can’t wave ‘magic wand’ to fix Disney’s problems
- Amazon warehouse workers, unions go on strike across Europe
- HP layoffs could set stage for big profit boost
Google Finance:
- Tesla recalling 81,000 cars over seat belt and software problems
- Big PC price cuts coming as manufacturers look to clear stock
It is not wise to follow technical signals after a half-day of trading. There was limited trading as most US traders took Black Friday off.
Global Indexes
S&P 500
The S&P 500 closed unchanged with an uncertain doji just below its 200-day moving average.
NASDAQ
The NASDAQ also closed with an uncertain doji.
DAX
And also, an uncertain doji for the DAX. These half-day trading days are cause for big uncertainty.
HANG SENG
The uncertainty for the HANG SENG continues with 5 candles on its EMA8 line and then a gap downwards today. It is currently trading on its 50-day moving average. A break below this will put it back in all negative territory. Notice the small bounce on this average line.
NYSE & NASDAQ Stocks
Walt Disney Co
Walt Disney had a small rally due to the appointment of CEO, but as stated in the news, he does not have a ‘magic wand’. Notice the dark red Trend Factor warning to stay away!
Bank of America Corp
Bank of America is also uncertain about next move with 4 small body candles next to each other. The last candle is an uncertain doji.
JSE Stocks
JSE All Shares
The JSE All Shares is just as uncertain with 5 candles touching top resistance. The last candle is a long-legged doji that is traditionally a turning candle that needs confirmation.
Sasol Ltd
Sasol is busy forming a triangle with strong resistances. The top resistance coincides with its 50-day moving average.
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.
