TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Stocks retreat after hot ISM fuels Fed-Hike wagers.
- China’s distressed developers soar in wave of speculative buying.
MarketWatch:
- Stock-market investors just got reminded that the inflation fight isn’t over.
- Fed’s Collins expects to see slowing US economy growth by end of this year.
- GameStop stock jumps after results top estimates, helped by international gains.
- AMC’s stock plunges toward a record low after prospectus filed for sale of up to 40 million shares.
yahoo! finance:
- Stocks slide as worries about inflation revive.
- Roku stocks soars after revealing more layoffs.
Ignoring all the news, we are technically busy with a leg c correction of an abc correction as shown on charts.
Global Indexes
S&P 500
The S&P 500 closed below its EMA8 and 50-day moving average lines. We show the abc correction.
DAX
Similar for the DAX.
HANG SENG
Similarly for the HANG SENG.
NYSE & NASDAQ Stocks
Apple Inc
Apple gave a warning with the 2 doji’s and has now retreated below its 50-day moving average.
PepsiCo Inc
PepsiCo might be close to completing its abc correction with a hammer candle and unconfirmed divergence.
JSE Stocks
JSE All Shares
The JSE All Shares would always go to the extreme, ignoring the abc correction, and doing a 5 leg correction.
Truworths International Ltd
After a 5-leg gain Truworths made a long-legged doji to signal its top has been reached. We also have confirmed divergence in place with Frontrunner breaking down.
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.
