TAGS: Share value analysis.
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News in Brief
Bloomberg:
- QQQ advances in late trading as Tesla rebounds.
- China is becoming a data black hole, short seller Aandahl says.
MarketWatch:
- Opinion: Tesla’s Cybertruck has Elon Musk sounding unusually cautious, for once.
- Forget stocks! Gold enjoys moment over the past year as it hurtles toward $2,000.
- Opinion: Netflix wants more of your money, but is the streaming industry getting too cocky?
yahoo! finance:
- Stocks plummet, yields rise as earnings ramp up.
- Asia stocks slide, Australian bonds join selloff.
- Tesla misses on earnings as margins fall.
We must not forget that it is October month, same as May month as stocks plummet.
Global Indexes
S&P 500
The S&P 500 closed below its EMA8 line in negative territory.
DAX
Similar for the DAX. The turning hammer candles were not confirmed.
HANG SENG
Similar for the HANG SENG that even made a gap to trade below its EMA8 line.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla broke the wedge its was forming downwards after missing earnings. It is still above its long-term positive trend line.
McDonalds Corporation
McDonalds is moving against the global negative trend and even made a breakaway gap with a MACD that turned green.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower.
Pick n Pay Stores Ltd
The biggest drop for the day on the JSE was Pick n Pay with its -12.4%. It has broken long term bottom support.
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.
