TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- Wall Street soothsayers are bewildered about what next.
- Two giant credit ETFs hit by $2 billion exit on hawkish Fed bets.
- Singapore stock benchmark heads for lowest close in eight months.
- Goldman targeted by China state media for bearish bank view.
MarketWatch:
- Opinion: Stocks are overbought ,yes, but don’t sell yet.
- Top investment newsletters are down on tech, Tesla and Meta Platforms.
- US stocks give up gains to end lower, book weekly losses after June jobs data.
- Amazon has made $1.9 billion on Rivian’s stock in just 8 trading days.
yahoo! finance:
- AI faces skepticism in the medical care business.
- The Fed is ‘not out of the woods yet’.
- Alibaba surges on report China to unshackle Ant with fine.
- China controls minerals that run the world – and it just fired a warning shot at US.
Global markets are very uncertain about next direction with inverted hammers and doji candles on most index charts.
Global Indexes
S&P 500
A hammer and inverted hammer candle next to each other for the S&P 500 confirms the uncertainty for this market.
DAX
The DAX tried to recover some of its losses of the previous day, but could not close with a piercing candle.
HANG SENG
Believe it or not, the HANG SENG made a breakaway gap this morning after its abc correction.
NYSE & NASDAQ Stocks
Berkshire Hathaway B Inc
Berkshire Hathaway also shows the uncertainty with an inverted hammer.
Boeing Co
Boeing is just as uncertain with a long-legged doji and inverted hammer next to each other.
JSE Stocks
JSE All Shares
The JSE All Shares also tried to recover the previous day’s losses, but also could not manage a piercing candle.
Sasol Ltd
Sasol made a bounce to follow the higher Brent price, but still closed 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.
