TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- A $518 billion rally shows Japan stocks are all the rage in 2023.
- Traders now see only 25% chance of June Fed hike.
- BofA strategist says sell US stocks as AI seen forming a bubble.
MarketWatch:
- Debt limit talks halted again at Capitol late Friday as Republicans, White House face ‘real diffirences’.
- Fed’s Powell warns of a slow slog to bring inflation back down to 2%.
- Disney’s Star Wars: Galactic Starcruiser experience is closing.
yahoo! finance:
- Stocks end lower after Republicans ‘press pause’ on debt talks.
- Disney slumps on Wall Street downgrade.
Volatility will continue on markets until the debt-ceiling talks are finalized.
Global Indexes
S&P 500
The S&P 500 stalled as the debt-ceiling talks stalled.
DAX
The DAX stalled with a small body candle against its previous all time high.
HANG SENG
Asia markets are all positive with the HANG SENG bouncing on its 200-day moving average.
NYSE & NASDAQ Stocks
Nike Inc
Nike stalled with a long-legged doji on its 200-day moving average. It also made a gap downwards that could be an exhaustion gap that needs to be confirmed with its next move.
Adobe Systems Incorporated
Adobe is not thinking of stalling and broke its 50-day moving average to be in all positive territory again.
JSE Stocks
JSE All Shares
The JSE All Shares continued its flag building by touching top resistance. Notice that Frontrunner also has a top resistance that need to be broken before it can have another bull trend.
Capitec Bank Holdings Ltd
The long-legged hammer candle followed by a bullish candle are the first signs that Capitec’s correction might be stalled.
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.
