TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Stocks rise on signs China stimulus taking hold.
- Property stocks lead China rally as stimulus measures lift mood.
MarketWatch:
- Wall Street analysts are increasing corporate profit forecasts for the first time in two years.
- A stormy September for US stocks may lie ahead.
yahoo! finance:
- Shoppers pull back on ‘big ticket’ items as appliance sales lag.
- Fed in focus as earnings, economic calender slo
Stimulus measures in China lifted stocks on Monday while the US was closed.
Global Indexes
S&P 500
Not much action on the S&P 500 ahead of the weekend and public holiday Yesterday.
DAX
Its 50-day moving average acted as resistance for the DAX. It closed on its EMA8 support line after touching both resistances top and bottom.
HANG SENG
Its 50-day moving average is also acting as resistance for the HANG SENG. It took back all the gain of yesterday when it opened today and is currently trading on our positive trend line.
NYSE & NASDAQ Stocks
Apple Inc
The US markets were closed yesterday. We show Apple’s uncertainty in overbought territory with 2 doji’s next to each other on Friday.
Goldman Sachs Group Inc
Goldman Sachs was building a rising three method candle formation. We will have to see today if it completes this formation.
JSE Stocks
JSE All Shares
The JSE All Shares followed the Hang Seng yesterday, also just below its 50-day moving average.
Kumba Iron Ore Ltd
After closing its open window (gap), Kumba Iron Ore went sideways for 8 days before continuing its positive trend. It also closed just below its 50-day resistance. We have quite a few 50-day resistances to be broken before we can say we are in positive territory again.
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.
