TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Some traders bet Wall Street’s fear gauge is due for 1100% jump.
- Nasdaq 100 down 1% as Apple leads Megacap rout.
MarketWatch:
- Intel’s stock logs longest winning streak in nearly 3 years.
- Disney’s stock on longest losing streak in nearly a year as Spectrum dispute wears on.
- Apple’s stock continues decline amid worries about China’s reported ban on government iPhones.
- Need to know: Cash is still King, says Barclays.
yahoo! finance:
- Disney’s standoff with Charter is about to face its biggest test yet.
- Nasdaq sinks as Apple’s losses deepen.
- Apple tumbles as fears grow over China iPhone curbs.
We are still busy with a leg c correction with Apple’s 190 billion rout leading the direction.
Global Indexes
S&P 500
The S&P 500 closed below its EMA8 and 50-day moving average lines, busy with leg c of an abc correction.
DAX
Similar for the DAX.
HANG SENG
Similarly for the HANG SENG.
NYSE & NASDAQ Stocks
Apple Inc
Apple made a downwards gap, extending its leg c.
Intel Corporation
In contrast Intel broke a strong top resistance. It is however in very overbought territory.
JSE Stocks
JSE All Shares
The JSE All Shares made a gap down to follow global markets.
Glencore PLC
Similar to the index Glencore also made a gap 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.
