TAGS: Market analysis South Africa
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News in Brief
Bloomberg:
- S&P 500 hits nine-month high on debt-deal signals.
- Alibaba options show stock may see record swings after earnings.
MarketWatch:
- Opinion: The stock market is sending so many mixed signals, its easy to be confused.
- Twitter accuses Microsoft of misusing its data, foreshadowing a possible fight over AI.
- McCarthy says House could vote on debt-ceiling deal next week, as Schumer also sees progress.
yahoo! finance:
- Nasdaq, S&P jump amid debt ceiling talks, Walmart beat.
- Warren: ‘Very troubled’ by JPM buying FRC.
The possibility of a debt-ceiling deal is boosting markets.
Global Indexes
S&P 500
The S&P 500 is busy breaking top resistance with optimism of a debt-ceiling deal.
DAX
The DAX broke its top resistance with a breakaway gap.
HANG SENG
The HANG SENG chose the path downwards and made a gap downwards to trade on its 200-day moving average. If it breaks this support, it will be back in all negative territory.
NYSE & NASDAQ Stocks
Netflix Inc
Netflix made a breakaway gap and is busy breaking its top resistance. Frontrunner is predicting further highs.
Microsoft Corporation
Microsoft keeps on climbing towards it previous high of $349.
JSE Stocks
JSE All Shares
If the JSE All Shares follows the US markets, it should break its flag today.
Investec PLC
Investec did not correct as most as the other banks, but rather started a sideways movement before changing it to a positive trend. Notice that the MACD turned green when the sideways movement started.
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.
