TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- Asia stocks fall on inflation concerns, China GDP.
- Pfizer’s $43 billion Seagen takeover faces EU investigation.
- Treasury euphoria dwindles after hot economic data.
- BofA strategists say short stocks after summer as inflows surge.
- Top China fund with 75% return bets on AI stocks for recovery.
MarketWatch:
- After years of delays, Tesla builds its first Cybertruck.
- Federal appeals court denies FTC bid to pause Microsoft-Activision deal.
- S&P snaps 4-day win streak, but stocks still score weekly gains after bank earnings.
yahoo! finance:
- Dow gains as stocks finish winning week.
- Disney has a lot of challenges, going to take a while to turn around.
Earnings season started and volatility can be expected.
Global Indexes
S&P 500
The S&P 500 halted ahead of earning season.
DAX
The DAX also took a breather ahead of the weekend.
HANG SENG
The HANG SENG is closed today and on Friday it managed to stay above support.
NYSE & NASDAQ Stocks
UnitedHealth Group Inc
UnitedHealth Group made a breakaway gap after an extensive correction ending with a double bottom.
The Coca-Cola Co
Coca-Cola turned with a long-legged doji and has now reached its 200-day moving average and trend line resistances. The momentum looks strong, and we expect a break.
JSE Stocks
JSE All Shares
The JSE All Shares maintained its momentum and did not pause ahead of the weekend.
Northam Platinum Holdings Ltd
Northam Platinum turned with divergence and is now breaking its negative trend line. Notice that its MACD has turned green.
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.
