TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Hong Kong stocks on edge of bear market as contagion fears mount.
- China markets approach grim milestones as selloff spirals.
MarketWatch:
- Nvidia has ‘monopolized the economics’ of AI and analyst say its stock can keep cruising.
- Housing market has hot ‘rock bottom,’ says Redfin CEO Glenn Kelman.
yahoo! finance:
- Fed officials still see ‘upside risk’ on inflation.
- Stocks sink again as Fed leaves more hikes on the table.
Bears are in full control as negative trend lines are in play on all global markets.
Global Indexes
S&P 500
The S&P 500 is now below its 50-day moving average extending its negative trend. We are however in oversold territory.
DAX
Similar for the DAX.
HANG SENG
The negative trend of the HANG SENG is already in second gear and opened with another gap today.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla started its negative trend with a breakaway gap 4 weeks earlier with no sign of a turn.
Home Depot Inc
First warning signs for Home Depot that its positive trend might be over. We have a high wave and inverted hammer next to each other with large upper bodies.
JSE Stocks
JSE All Shares
The JSE All Shares is still busy with leg c of an abc correction, moving into oversold territory.
Kumba Iron Ore Ltd
Kumba Iron Ore extended its negative trend with a gap. It is also very oversold in all negative territory.
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.
