TAGS: Stock analysis for beginners.
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News in Brief
Bloomberg:
- Macau Casinos boom as Chinese tourists flood in for holiday.
- US stocks rebound as Wall Street debates rates.
MarketWatch:
- US stock futures tumble, oil prices surge as Hamas attack on Israel rattles investors.
- Iran reportedly helped Hamas plan surprise attack on Israel.
- The stock market is building up to a major ‘buy’ signal.
- Opinion: It’s time for you to take a deep breath and buy stocks.
- US stocks stage a surprise rally on Friday. But can the party last?
yahoo! finance:
- Stocks steady as all eyes turn to jobs report.
- Corporate America is ignoring Jay Powell and bingeing on debt.
- Stocks can’t go up until bank stocks stop going down.
The US stocks opened lower after the hot jobs report on Friday and then later made a surprising rebound. We will have to see how the attack on Israel will influence markets today with new uncertainty.
Stephan Bigalow of the Candlestick Forum passed away a few days after his last post. In memory of him we would like to thank him for his dedication and good work. A few of his good ideas were adapted and used in Algomodel Pro.
Global Indexes
S&P 500
After a piercing and doji candles above its 200 DMA the S&P 500 made a large engulfing bull candle to break its short-term negative trend and EMA8 lines.
DAX
The DAX also moved positively to close just above its EMA8 line.
HANG SENG
On Friday the HANG SENG made a breakaway gap and also closed just above its EMA8 line (orange) while the negative trend line was still acting as resistance.
NYSE & NASDAQ Stocks
Pioneer Natural Resources
Pioneer made a large breakaway gap to break all resistances. Notice the divergence that was in place before the gap.
Eli Lilly and Co
Eli Lilly also made a breakaway gap. Notice the power signal that was given in oversold territory.
JSE Stocks
JSE All Shares
The JSE All Shares also made a Power Signal in oversold territory. It is still way below all resistances.
Spar Group Ltd
After Frontrunner warned about a higher high is still to come, Spar started a J-curve. All indications are that we will see an attack on its 200 DMA and negative trend line soon.
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.
