TAGS: How to analyse shares and stocks
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Stocks gain on bets Fed can pull off soft landing.
- Arm’s much-anticipated IPO values chip designer at $54.5 billion.
MarketWatch:
- Salesforce to hire 3,300 people following layoffs earlier this year.
- Opinion: Stocks are trapped in a trading range. Something’s got to give.
- Adobe hopes to acquire new users, firm up margins as it lets Firefly AI out of its jar.
yahoo! finance:
- Arm stock jumps on highly anticipated IPO.
- Netflix stock falls after CFO says ad tier not material yet.
- Buffett trims HP investment, selling 5.5 million shares.
All global markets have turned positive and are moving together.
Global Indexes
S&P 500
The S&P 500 is back in positive territory above its EMA8 and 50-day moving averages.
DAX
After the doji the DAX made a strong bounce to confirm the turning candle.
HANG SENG
Even the HANG SENG is trading above its EMA8 line.
NYSE & NASDAQ Stocks
Goldman Sachs Group Inc
Goldman Sachs is back above its 200-day moving average in all positive territory.
McDonalds Corporation
McDonalds broke its negative trend line. Notice that its MACD has also turned green.
JSE Stocks
JSE All Shares
The JSE All Shares bounced on strong support again with divergence in place. All the makings of a double bottom are in place.
Impala Platinum Holdings Ltd
Impala Platinum took off from the launching pad it was forming with a 9.1% gain. Still a long road ahead with many resistances above.
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.
