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News in Brief
Bloomberg:
- Asia stocks, US futures slide on hawkish Fed tone.
- Stocks sink as Fed officials embrace bigger hikes.
- Femsa surges on $4 billion offer to begin Heineken exit.
MarketWatch:
- China renaissance shares plunge after Chairman Boo Fan goes missing.
- Dow ends 430 points lower after hot inflation data as pair of Fed officials talk about bigger rate hikes.
Hot inflation data scared investors.
Global Indexes
S&P 500
Hot inflation data made the S&P 500 close below its EMA8 line and the positive trend line is also threatened.
DAX
The DAX closed hesitantly with a hammer candle, still above its EMA8 line.
HANG SENG
The HANG SENG only touched its negative trend line yesterday and closed with a doji. It is trading currently with another uncertain doji.
NYSE & NASDAQ Stocks
Solaredge Technologies Inc
After surging for two days Solaredge Technologies made a U-turn after the hawkish Fed tone.
Apple Inc
Apple also closed with an uncertain long-legged doji. It is currently building a strong resistance on the $155 level.
JSE Stocks
JSE All Shares
Another positive day for the JSE All Shares inside its flag.
Kumba Iron Ore Ltd
Kumba Iron Ore had the best day on the JSE with its 4.3% gain. Notice that it is actually busy with a sideways move and its MACD is still red.
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.
