TAGS: Share value analysis.
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News in Brief
Bloomberg:
- China is becoming a data black hole, short seller Aandahl says.
- Treasury yields climb as hot data fuel Fed wagers.
- Obesity drugs are potential $100 billion opportunity by 2030, Goldman Sachs analysts says.
MarketWatch:
- ‘Bears are back in town,’ pushing 10-year treasury yield closer to 5% after US data.
- Bonds look ‘cheap’ to top JPMorgan strategist getting defensive amid Israel-Hamas war.
- Wall Street’s biggest bear is standing by his call for stocks to slump 10% by January.
yahoo! finance:
- Resilient consumer keeps pressure on the Fed.
- Stocks flat, yields pop after hot retail sales data.
- United Airlines Q3 earnings beat, cautions on impact of Irael conflict.
We had a volatile day yesterday on markets due to Israel-Hamas war and earnings, with US markets closing at the higher end of the day.
Global Indexes
S&P 500
The S&P 500 closed unchanged after testing its EMA8 line earlier the day.
DAX
The DAX has now made two hammer candles (turning candles) next to each other just below its EMA8 line.
HANG SENG
The HANG SENG is also trading with a hammer candle on its EMA8 line as support and its long-term negative trend line acting as resistance just above.
NYSE & NASDAQ Stocks
Deere Company
Deere touched its first resistance of 3 resistances waiting above. We will Keep an eye on this share for a break.
Bank of America
Bank of America broke its negative trend line with its next hurdle ahead, its 50 DMA (dark blue).
JSE Stocks
JSE All Shares
The JSE All Shares made another turning candle after the hammer candle, a Dragonfly Doji. This is a very rare doji to be seen.
Platinum
The Platinum price is busy breaking its short-term negative trend line with its 50 DMA waiting as resistance just 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.
