TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- Asian equities seesaw after Wall Street losses.
- Tech, Bonds falter after earnings miss, jobs data.
- Nasdaq 100 slumps as Netflix dulls tech shine.
- Hot new play in stock, Bond markets: Greece is suddenly booming.
MarketWatch:
- Tesla and Netflix are ‘terribly overvalued’ says New Constructs.
- Goldman Sachs stock price target raised from to $388 from $375 at BofA Securities.
- US labor market is going strong as first-time jobless claims drop to two-month low of 228,000.
- Nasdaq leads declines as latest earnings disappoint.
yahoo! finance:
- Nasdaq falls as Tesla, Netflix cast a pall.
- Netflix sinks as it says revenue acceleration will take time.
- Tesla slides on margin concerns, Musk production warning.
- Wall Street says the worts is over for Wall Street.
During earnings season you must not declare that revenue acceleration will take time, your share price then gets hammered.
Global Indexes
S&P 500
The S&P 500 also made a correction after the doji, but not as much as the NASDAQ.
DAX
The DAX bounced on its EMA8 line.
HANG SENG
The HANG SENG is making another attempt to get back into positive territory, but it is still trading below three major resistances.
NYSE & NASDAQ Stocks
Tesla Inc
The market evaluated the results of Tesla and Netflix and they got hammered with a breakaway gap downwards and a black negative candle. Expect some more corrections here.
AbbVie Inc
AbbVie broke its 50-day moving average with a gap. Notice the double bottom on its $131 level.
JSE Stocks
JSE All Shares
The JSE All Shares remains uncertain about next move with a hammer, doji and inverted hammer candle next to each other.
Northam Platinum Holdings Ltd
We showed the diversion turn of Northam Platinum previously. It is still stealing the limelight with its 6.4% gain and breaking 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.
