TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- The rally in China’s technology stocks is fading fast.
MarketWatch:
- Buying stocks is just not worth the risk today, these analysts say. They have a better way for you to get returns as high as 5%.
- US stocks end slightly higher Monday after worst week of 2023.
- White House says federal agencies have 30 days to ban TikTok from devices.
- The semiconductor glut is only at the halfway point and chip stocks could drop another 30% analysts warns.
Sure, risk in buying stocks is high. We believe that long term investments are risky during the current volatile periods and thus rather concentrate on medium term cycles.
Global Indexes
S&P 500
The S&P 500 remains at uncertain key support with 4 small body candles at its 50-day and 200-day moving averages. We have a hammer candle (turning candle) touching its EMA8 line at the top and its 50-day moving average at the bottom. A break either way is imminent.
DAX
After attempting to break down, the DAX bounced back above support to continue the sideways move.
HANG SENG
Although the HANG SENG is positive today, it also remains in uncertain territory just above its 200-day moving average.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla made a breakaway gap after the doji ahead of Elon Musk’s announcement tomorrow. Insider information?
Albemarle Corporation
Albemarle also made a breakaway gap after only closing 3 days below its 50-day moving average. All this was happening while Frontrunner was in oversold territory.
JSE Stocks
JSE All Shares
The JSE All Shares is also hesitating after closing 2 days below its 50-day moving average in oversold territory.
Investec PLC
Investec bounced on its positive trend line to continue its current trend.
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.
