TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Stocks fall on debt impasse as deadline looms.
MarketWatch:
- A debt-ceiling deal will spark a new worry: Who will buy the deluge of Treasury bills?
- Investors should put more money in gold and cash as rally in stocks won’t last, top JPMorgan analyst says.
- Goldman Sachs says weak investment flows suggest limited upside for the S&P 500.
- Stay bullish on stocks, bearish on commodities as deflation clouds gather, says quant strategy.
- Jamie Dimon says amid other big financial-institution departures that he’s staying on as CEO of JPMorgan.
yahoo! finance:
- Netflix’s password sharing crackdown officially hits US users.
- Stocks slip as debt crunch continues.
- Cut stocks, buy gold, and hold onto cash – JPMorgan strategists.
The debt-ceiling crunch is building up as deadline looms. All negative graphs today that shows the negativity on markets.
Global Indexes
S&P 500
The S&P 500 could not close above the 4200 level and started its correction to close below its EMA8 line.
DAX
The DAX also started to ease lower but still managed to close above its EMA8 line.
HANG SENG
The HANG SENG made a gap down to trade below its 200-day moving average in all negative territory. The long term negative trend line remains in play.
NYSE & NASDAQ Stocks
Arthur J Gallagher Co
After breaking its positive trend line, Arthur J Gallagher is accelerating downwards. First we had the trend line break, then Frontrunner breaking down followed by a MACD turning red.
The Coca-Cola Co
Coca-Cola started its correction with divergence. Soon after the MACD turned red and it is currently trading just above its 200-day moving average. Frontrunner is predicting that the average line will not hold.
JSE Stocks
JSE All Shares
The JSE All Shares bounced down from top resistance to start breaking its 50-day moving average support.
Naspers Ltd
Naspers did not even reach its top resistance when it started to correct. It closed on 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.
