TAGS: Technical analysis
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News in Brief
Bloomberg:
- Stocks sink as bears take charge, Dollar rallies.
- Wall Street bets on high-yielding cash deals in fresh blow to stocks.
MarketWatch:
- Wall Street analysts expect the S&P 500 to rise 19% over the next 12 months.
- US stocks open lower Tuesday as government-shutdown worries intensify.
yahoo! finance:
- Stock swoon continues amid Fed fallout, economic worries
- Congress returns with 2 long-shot ideas to avert shutdown.
- Target closes 9 stores citing retail theft.
Stocks continue slide amid Fed fallout and shutdown warning.
Global Indexes
S&P 500
The S&P 500 is now nearing its 200 DMA, still busy with leg c of an abc correction.
DAX
The DAX is already 3 days below its 200 DMA in all negative territory.
HANG SENG
The HANG SENG is trying to lift its head slightly today, but still in an all negative trend.
NYSE & NASDAQ Stocks
Apple Inc
The strong $174 support of Apple did not hold, and it is also heading towards its 200 DMA.
Amazon.com Inc
Amazon.com was amongst the biggest losers of the day with its 4% drop. Its negative trend is still in full play while it is moving into oversold territory.
JSE Stocks
JSE All Shares
The negative trend of the JSE All Shares is also still in full play as it heads towards its last important support at 719.
Kumba Iron Ore Ltd
Kumba Iron Ore made 7 candles on or touching its 200 DMA but could not break this resistance. It now started heading south 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.
