TAGS: How do you analyze stocks for beginners
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News in Brief
Bloomberg:
- Tech buyers snub warnings as Nasdaq keeps rallying
- HSBC shares become most overbought since 1986 after 50% rally
- Stocks are poised to hit new lows this year, survey of investors show
MarketWatch:
- The S&P 500 is nearing its first ‘golden cross’ in more than 2 years
- Tech-heavy Nasdaq climbs sharply , US stocks rise as investors parse inflation data ahead of Fed meeting
- Tesla stock jumps nearly 12% to best week in a decade
- Could big tech layoffs keep growing? Apple, Amazon, Facebook and Google may give hints in biggest week of earnings
- Opinion: Intel just had its worst year since the dot-com bust, and it won’t get better anytime soon
- The Fed and the stock market are set for a showdown this week
A ‘golden cross’ is when the 50-day moving average crosses the 200-day moving average positively. This will be good for stocks as many institutions only start investing when the 50-day moving average is above the 200-day moving average.
Global Indexes
S&P 500
The ‘golden cross’ for the S&P 500 is when its 50-day moving average (dark blue) crosses its 200-day moving average (pink). Both moving averages is by nature slow moving due to the number of days making up the average, so it might still be a few days before we get a cross.
DAX
The DAX made its ‘golden cross’ about 5 weeks earlier and is theoretically in all bull territory.
HANG SENG
The HANG SENG is also busy making a ‘golden cross’. Notice that its Trend Factor also turned positive.
NYSE & NASDAQ Stocks
Exxon Mobil Corporation
We concentrate today on volatile movements before result announcements. Exxon Mobil made a very large volatile candle and then resumed its current trend to indicate that there were no abnormalities in the results.
Visa Inc
The results of Visa made the share extend its positive move after a very large volatile candle. You don’t have to be a whiz kid to know what shares had good or bad results …. let the graphs tell you!
UnitedHealth Group Inc
Another example where you can assume that the results of UnitedHealth Group did not meet expectations.
JSE Stocks
JSE All Shares
The JSE All Shares is ticking higher, now touching the top of its flag it is forming.
Quilter Plc
Quilter is busy making a J-curve against its 200-day moving average resistance. If the J-curve plays out, this average should be broken.
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.
