TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Chinese stocks in HK jump after more property easing.
- Stock rally wanes at end of best week since June.
- S&P 500 loses its sole black female CEO with Walgreens departure.
- US stocks still face hard landing risks, Bank of America says.
MarketWatch:
- Wall Street analysts are increasing corporate profit forecasts for the first time in two years.
- Chip designer ARM targets IPO valuation of up to $55 billion.
- Surge in US unemployment to 3.8% may have been summer-jobs mirage.
yahoo! finance:
- Stocks mixed after surprise rise in US unemployment.
- Tesla is still a ‘faith-based stock,’ strategist says.
The rally waned ahead of the weekend.
Global Indexes
S&P 500
Not much action on the S&P 500 ahead of the weekend and public holiday Monday.
DAX
After the high wave candle the DAX chose the correction path.
HANG SENG
The HANG SENG was closed on Friday and opened today with a positive move. It is currently trading just below its 50-day moving average. The positive trend is still in play.
NYSE & NASDAQ Stocks
Eli Lilly and Co
Eli Lilly reached a top resistance at $557 that is now touched 9 times. It closed with a doji on the resistance.
Philip Morris International Inc
Its 50-day moving average is acting as resistance for Philip Morris at $97. Frontrunner is breaking down and the MACD changed color.
JSE Stocks
JSE All Shares
The JSE All Shares made an uncertain high wave candle on the positive trend line that was busy forming.
Capitec Bank Holdings Ltd
After Capitec Bank broke its positive trend line it only knows one direction and that is down. Notice where Frontrunner broke down with the MACD turning red.
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.
