TAGS: Share value analysis.
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News in Brief
Bloomberg:
- Stocks slide on earnings risk.
- Post-earnings Meta rally fails to prop up QQQ.
- Turkey stocks sink most in world amid jitters over Israel, rates.
MarketWatch:
- Opinion: Meta is making a risky bet as it spends boatloads on AI despite rocky ad market.
- Facebook says Middle East war is hurting ad spending.
- IBM’s stock rises after earnings beat; company says AI adoption is growing.
- a Rally that this $15 billion fund house says is coming.
yahoo! finance:
- Ford, UAW reach tentative deal to end strike.
- Stocks clobbered, Nasdaq falls 2.5% amid Google’s slide.
- Meta’s Q4 guidance erases earnings beat gains.
- IBM beats earnings estimates on stable software demand.
The earnings rally of Big Tech did not last long as earnings risk took over with Middle East war in mind.
Global Indexes
S&P 500
The S&P 500 did not break its EMA8 line and rather continued its negative trend. Its negative trend line remains active.
DAX
Similar for the DAX.
HANG SENG
Similar for the HANG SENG.
NYSE & NASDAQ Stocks
Alphabet Inc
Alphabet made a large breakaway gap downwards with a large selloff. Notice where the MACD turned red.
FedEx Corporation
FedEx has reached its last support, its 200 DMA while a very accurate negative trend line is still in play.
JSE Stocks
JSE All Shares
Similar to global markets the JSE All Shares is still below its EMA8 line in negative territory.
BHP Group Ltd
Although BHP made a breakaway gap, it is still in a long-term sideways market below resistances 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.
