TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Modi meets with Elon Musk and Ray Dalio as global money flocks to India.
- Only the Fed can stop 1999-like tech rally, Wells Fargo’s Harley says.
MarketWatch:
- Wall Street’s most pessimistic bank sees improving prospects for US inflation.
- US stocks fall for third day as Powell reaffirms the Fed is not done raising interest rates.
- Tesla’s stock suffers biggest one-day decline in months.
yahoo! finance:
- Tech leads stocks down as Powell points to more rate hikes.
- Tesla stock sinks as Barclays says time ‘to move to the sidelines’.
- Amazon may ‘surpass’ Walmart as largest US retailer: JPMorgan.
Powell accelerated the correction that has started by reaffirming interest rate hikes.
Global Indexes
S&P 500
The S&P 500 broke our tight trend line but still managed to close above its EMA8 line.
DAX
The DAX continued its downward trend and closed just above its 50-day moving average support.
HANG SENG
The breakaway gap of the HANG SENG took it to its 200-day moving average.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla made an engulfing bear candle to close below our tight trend line.
Deere Company
Deere Company is ignoring the correction and continued its strong trend.
JSE Stocks
JSE All Shares
After the engulfing bear candle the JSE All Shares only knows one direction and that is down.
Impala Platinum Holdings Ltd
Impala Platinum corrected the most and is busy making new lows. Notice where the trend factor turned red.
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.
