TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- European stocks fall on Fed rate outlook worries.
- Adyen plummets as sales miss erases $20 billion of market value.
MarketWatch:
- Fed officials continue to worry about ‘significant upside inflation risks,’ minutes show.
- Meta’s stock joins Apple, Microsoft and Nvidia shares in correction territory as tech-stock boom fizzles.
- China Evergrande files for Chapter 15 bankruptcy.
- China Evergrande collapse shows need for $1 trillion Beijing rescue plan, says Clocktower strategist.
yahoo! finance:
- CVS sinks after Blue Shield says it plans to work with Amazon.
- Are AI job wages of up to $900,000 justified?
Fed outlook worries kept the Bears in control with global markets tumbling.
Global Indexes
S&P 500
The S&P 500 is continuing its negative trend, still in oversold territory.
DAX
Similar for the DAX.
HANG SENG
Similar for the HANG SENG, except for an uncertain doji today (The day is not over yet!).
NYSE & NASDAQ Stocks
Berkshire Hathaway Inc
Berkshire Hathaway is also busy with a correction and has now broken its positive trend line with two uncertain candles.
Meta Platforms Inc
Meta has now broken its 50-day moving average. Notice how the correction started with divergence at the top (purple lines).
JSE Stocks
JSE All Shares
The JSE All Shares is following global markets downwards.
Gold Fields Ltd
Gold shares are taking the biggest knock with Gold Fields leading the pack with its 11.5% drop.
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.
