TAGS: Share value analysis
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News in Brief
Bloomberg:
- Hottest China trade may unravel earnings disappoint investors.
- Wall Street shuns risk as recession talk ramps up.
MarketWatch:
- Bond market’s most deeply inverted gauge is pointing to ‘deep recession,’ expert says.
- Costco stock falls after monthly same-store sales drop in nearly 3 years.
- Apple seeing ‘stable to improving’ trend in iPhone business, says BofA
yahoo! finance:
- Silicon Valley starts to kill some of its famously lavish perks.
- Asia stocks echo Wall Street dip on recession fear.
The recession fear lured its head again to scare investors.
Global Indexes
S&P 500
The S&P 500 had a 2-day correction, so far, that closed with a hammer candle.
DAX
The DAX also bounced down from the top resistance.
HANG SENG
Its EMA8 line acted as support for the HANG SENG with its 50-day moving average acting as resistance above. One of the two resistances will be broken in due course.
NYSE & NASDAQ Stocks
Apple Inc
The graph of Apple is similar to that of the index and it also closed with a hammer candle.
Exxon Mobil Corporation
After taking a breather Exxon Mobil continued its positive trend.
JSE Stocks
JSE All Shares
The JSE All Shares followed the US correction and bounced down from top resistance.
PPC Ltd
PPC was one of the shares the corrected the most. Its correction made it close below its 50-day moving average.
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.
