TAGS: How to analyze shares and stocks.
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Asia stocks dip, Dollar steady as Fed bets cool.
- India’s stock market valuation reaches $4 trillion for the first time.
- Wall Street’s furious bull run gets reality check.
- Morgan Stanley’s Wilson says December to be rocky for stocks.
MarketWatch:
- Stock market will struggle to rise more than 2% by mid-2024, says Stifel’s Bannister.
- Dow Jones ends slightly lower as rally pauses on higher bond yields.
- Gold’s rally has nearly run its course.
yahoo! finance:
- Stock rally fades as Wall Street gets reality check.
- Gold touches all-time high, and it could be ‘early days’ of bull run.
- Fed won’t cut rates until labor market cracks: Strategist.
Markets has reached important resistances, and it will most probably move sideways for a while before we will see an attempt to break it.
Global Indexes
S&P 500
Its 4600 will be a huge hurdle for the S&P 500 to crack. We even have a Power Signal P2 at current level.
DAX
The DAX is also applying brakes as it nears its 16500 top resistance.
HANG SENG
The HANG SENG only knows one direction, and that is down. Notice that none of its % move indicators are positive and it has a trend factor of -22.1.
NYSE & NASDAQ Stocks
Caterpillar Inc
CAT is also hesitating at its long-term negative trend line. Best to wait for a true break.
Mastercard Inc
Mastercard broke its positive trend line with a P2 Power Signal. Its $418 level is a big hurdle.
JSE Stocks
JSE All Shares
The JSE All Shares is also touching its long-term negative trend line with Frontrunner trending downwards.
Gold Fields Ltd
Gold shares are anticipating a drop in the gold price at it touched an all-time high that was touched 4 times. Goldfields made an engulfing bear candle with a P1 Power Signal warning the previous day and a MACD that changed color.
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.
