TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asia stocks, US futures rise as jobs data in focus
- Bed Bath & Beyond shares are only worth only a dime, KeyBanc says
MarketWatch:
- Fed’s message to stock market: Big rallies will only prolong painful inflation fight
- Stock market acting like it did before the recession of 1969, JPMorgan strategist find
One thing you can be assure of is that volatility and contradictory news are here to stay. Counter this with staying with a trend.
Global Indexes
S&P 500
The S&P 500 had a negative day, but did manage to close above the short-term support. Jobs data will see it break this support or a bounce on it.
DAX
The DAX also stalled with an uncertain doji, but still in all positive territory.
HANG SENG
The HANG SENG opened positive today and remains in all positive territory.
NYSE & NASDAQ Stocks
Bank of America Corp
Bank of America is making stalling candles just below its 50 and 200-day moving averages. We will have to see if these averages can be broken or will act as resistance. No alarming signs yet with a positive Frontrunner and MACD.
STAAR Surgical Company
STAAR Surgical Company is another growth recommendation by Wall Street. It broke its negative trend line and closed just below its 50-day moving average. Notice that its MACD also turned green.
JSE Stocks
JSE All Shares
After stalling for a day, the JSE All Shares continued the positive move and even touched the 760 short term resistance.
Kumba Iron Ore Ltd
Resources stole the limelight on the JSE with Kumba Iron Ore the winner. Its MACD just turned positive.
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.
