TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- Wall Street traders drive stocks higher before CPI.
MarketWatch:
- S&P 500 is most likely going to correct back to 4,100, Mizuho warns market bulls.
- Earning season to give stock-market investors update on ‘heavily debated’ consumer health, says Goldman.
- This earnings season, expect companies to keep margins high ‘the usual way, by firing people’.
yahoo! finance:
- Asian equities mixed as traders await US CPI data.
- LG says it aims to achieve $77 billion in sales by 2030.
Everyone is anxiously awaiting CPI data today. this can give new direction for markets … either way.
Global Indexes
S&P 500
The S&P 500 is forming a wedge and we will most probably see a breakout, up or down, after the CPI data announcement in US.
DAX
The DAX closed on its EMA8 line. Will we see a break?
HANG SENG
The HANG SENG is breaking its EMA8 line today with the two heavy weight resistances still waiting above.
NYSE & NASDAQ Stocks
Caterpillar Inc
Caterpillar broke resistance and is now heading for its top resistance.
salesforce.com Inc
We showed the triangle of salesforce.com yesterday to watch. The breakout came the very same day with a breakaway gap. Notice that the MACD has also turned green.
JSE Stocks
JSE All Shares
The JSE All Shares made an engulfing bull candle, still on its 200-day moving average.
Pick n Pay Stores Ltd
Also yesterday: ‘Another share to watch for a breakout is Pick n Pay Stores.’ It also started its breakout yesterday with a 5.3% gain, just slightly less than Shoprite with its 5.6% breakout.
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.
