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News in Brief
Bloomberg:
- Turkey stocks surge in post-quake reopening as State weighs in.
- US stocks gain on embrace of ‘Goldilocks’ mood.
- Asia follows Wall Street higher in risk-on rally.
MarketWatch:
- Opinion: Cisco made it through a pandemic pothole, and the stock is driving higher
- Cisco stock gains after earnings and revenue beat, annual forecast raised.
- Nasdaq books 3-day win streak as US stocks end modestly higher after strong retail sales data.
Do not let news scare you while a trend a positive …. stay with the trend until broken!
Global Indexes
S&P 500
The trend of the S&P 500 remained positive, boosted by strong retail sales.
DAX
The DAX bounced on its EMA8 line to continue its positive trend.
HANG SENG
The HANG SENG is bouncing in oversold territory and currently trading on its negative trend and EMA8 lines.
NYSE & NASDAQ Stocks
Cisco Systems Inc
Cisco Systems just broke its 50-day moving average to be in all positive territory again. The MACD is about to turn green.
Livent Corp
Livent made a J-curve and then blasted off to break its 200-day moving average. Notice that the turn of the J-curve happened with a hammer candle just above its 50-day moving average.
JSE Stocks
JSE All Shares
A negative day for the JSE All Shares, but still inside the supporting flag.
Life Healthcare Group Holdings Ltd
Life Healthcare took off with a huge breakaway gap that broke its 200-day moving average. Notice that its MACD also turned green. Better days ahead for this share!
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.
