TAGS: Stock analysis for beginners.
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News in Brief
Bloomberg:
- Buffett watchers tout Japan Financial firms as next value play.
- Stocks rise as Wall Street dials back Fed wagers.
MarketWatch:
- The portfolio designed to protect against big downward swings just had another big downward swing.
- Walgreens reportedly will name Tim Wentworth its new CEO.
- Samsung expects third-quarter operating profit to sink 78% on year.
yahoo! finance:
- Stocks climb, yields tumble amid hopes Fed is done with hikes.
- Asia stocks follow Wall Street gains on rate tone.
- Real estate groups implore the Fed to stop rate hikes.
All global markets are moving positively amid hopes that the Fed are done with rate hikes.
Global Indexes
S&P 500
The S&P 500 moved hesitantly higher as it did not close near the high of the day.
DAX
The DAX jumped out of the blocks with a breakaway gap to break its EMA8 line.
HANG SENG
The HANG SENG is still moving positively and currently trading on its long-term negative trend line.
NYSE & NASDAQ Stocks
C3 Ai Inc
C3 Ai took off with divergence in place to close on its 200 DMA.
Boeing Co
We showed the turning candles of Boeing yesterday. Its positive move has now changed its MACD to green.
JSE Stocks
JSE All Shares
The long-legged doji was confirmed with a gigantic bullish candle for the JSE All Shares that also changed its MACD to green and broke its negative short-term trend line.
Impala Platinum Holdings Ltd
Impala Platinum came back to test bottom support again. This time round we had divergence in place. We have the makings of a double support and W formation in place to play out.
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.
