TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Stocks rally with Treasuries as wage growth slows
- India’s fallen tech darlings are value buys for Franklin Templeton After $20 billion wipeout
MarketWatch:
- History shows odds favor a 20% stock-market return this year after a brutal 2022, Fundstat says
- Dow surges 700 points Friday, S&P 500 snaps four-week losing streak after employment report shows wage gains cooled in December
- Wells Fargo has fired an executive accused of urinating on a fellow passenger aboard a flight to Nwe Delhi [Is this the new trend?]
- Goldilocks scenario? Slower increases in worker wages could help U.S. economy avert a recession
More:
- Business Tech: Rand takes a knock as economists raise flags over South Africa’s economy
- eNCA: BMW unveils car that can change color [Nano technology will bring many new techniques]
The employment report ignited markets into a rally.
Never let ‘GREED’ be part of your investment strategy. See Madoff in Netflix. Bernie Madoff pleaded guilty to 11 federal crimes and admitted to operating the largest private Ponzi scheme in history [$68.4 billion].
Global Indexes
S&P 500
The S&P 500 made a strong bounce after employment report to close just below its 50-day moving average.
DAX
The DAX continued its positive rally.
HANG SENG
The HANG SENG also opened positive today and remains in all positive territory. Notice the saucer formation of the 50 and 200-day averages.
NYSE & NASDAQ Stocks
Apple Inc
The rally even caused Apple to break its short term negative trend line. Notice that we had divergence in place for a true turn.
Occidental Petroleum Corporation
If you run Spotlight you will find plenty of gaps. Occidental Petroleum is one of them that also broke its negative trend line. Notice divergence!
JSE Stocks
JSE All Shares
Even with a predicted poor economy the JSE All Shares is following the positive trend of Global markets. A short-term resistance is broken and even the MACD has turned green.
Northam Platinum Holdings Ltd
After moving sideways for 5 weeks Northam Platinum broke its R200 resistance. The MACD turned green, and Frontrunner is predicting higher highs to come.
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.
