TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Tesla stock-price rout overshadows Rivian, Lucid collapse
MarketWatch:
- Netflix stock leaps after subscriber success in final quarter with Reed Hastings as CEO
- Intel cuts hundreds more jobs in California, and indicates more to come
- US runs up against its debt limit, so Treasury starts using ‘extraordinary measures’
- Oil demand could plunge by 30% over the next 5 years Cathie Wood predicts
Nothing wrong to make your portfolio lighter during these uncertain times as the selloff in the US continued.
Global Indexes
S&P 500
The S&P 500 closed below all its resistance lines in all negative territory.
DAX
The DAX also started a selloff in overbought territory and closed below its EMA8 line.
HANG SENG
The HANG SENG and Asia stocks edge up as markets mull Fed risks
NYSE & NASDAQ Stocks
Netflix Inc
Different to the news, Netflix also started a correction against a resistance line that was created by a previous gap.
Enphase Energy Inc
Enphase Energy only lasted 2 days above its 200-day moving average before continuing the correction path. Notice that its MACD never turned green during the false break.
JSE Stocks
JSE All Shares
The JSE All Shares also started to hesitate with a hammer candle in its overbought situation.
Sasol Ltd
Sasol made a spinning top candle in its overbought territory with Frontrunner breaking down. A spinning top candle is a reversal candle waiting for confirmation of new direction.
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.
