TAGS: Tools to analyze stocks
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News in Brief
Bloomberg:
- Amazon’s pricey stock is getting harder to justify.
- Short seller Hindenburg says ‘Another Big One’ coming soon.
MarketWatch:
- Regional banks get the attention, but worries are more widespread, says ex-FDIC chief Shiela Bair.
- Moody’s sees risk that U.S. banking ‘turmoil’ can’t be contained.
- Bill Ackerman warns of accelleration in deposit outflows from banks despite Fed’s assurances.
- Yellen says U.S. would take ‘additional actions’ on bank system if necessary.
- Americans will dump up to $1.1 trillion in stocks this year, and move the cash to credit and money-market funds, says Goldman.
yahoo! finance:
- JPM, Citi tell staff not to poach clients from banks under stress.
- Ford CFO: We are ‘refounding’ the company.
- The Fed now believes its work is nearly done.
The banking crisis keeps on coming back to cause volatility on the markets.
Global Indexes
S&P 500
The long-legged small body volatile candle of the S&P 500 says it all. Uncertainty as the index closed below the negative trend and 50-day moving average lines.
DAX
The DAX is just as uncertain with its small body candle and zero movement.
HANG SENG
More uncertainty for the HANG SENG too with a doji.
NYSE & NASDAQ Stocks
Zions Bancorp
The banking crisis in the US is far from over and banks are diving further. Zions Bancorp took the path further south with renewed selloff. Notice where the MACD turned red.
Ford Motor Company
It is not the time to be in motor companies either. Ford Motor Company is about to test its low that has been visited numerous times since June 2022. All the trend lines are still negative.
JSE Stocks
JSE All Shares
The JSE All Shares continued its positive trend with a MACD that has not turned green.
Pick n Pay Stores Ltd
Pick n Pay had a 6 week correction and then broke up yesterday. Notice the turn: Two high wave candles, followed by a hammer and then the break.
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.
