TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- S&P 500 logs worst day in two months, bonds power on.
- Tesla getting trounced by S&P 500 three years after joining.
MarketWatch:
- The year that wasn’t: 10 Wall Street forecasts for 2023 didn’t pan out.
- Opinion: Chip giant Micron is becoming another AI play for investors.
- Opinion: Nvidia and AI changed the landscape of the chip industry, as rivals must now play catch-up.
yahoo! finance:
- Stock rally stalls as S&P 500 posts worst day since October.
- Asia stocks track US losses as global rally falters.
This will be our last post for 2023 and we will commence again in the new year. We wish you a blessed Christmas and a prosperous new year. During our absence you can try using the Algomodel Signals Pro program … a download link is at bottom of this post … It is free … only data cannot be updated before a subscription.
Global Indexes
S&P 500
The S&P 500 was in oversold territory and profit taking made it close on its EMA8 line.
DAX
The DAX was also hanging around just above its EMA8 line.
HANG SENG
The HANG SENG is tracking the US lower and is currently trading on its EMA8 line. We will have to see if the EMA8 line supports will hold today.
NYSE & NASDAQ Stocks
salesforce.com Inc
salesforce.com also joined the profit taking with a P2 Power Signal and an inverted hammer candle.
FedEx Corporation
With a poor forecast FedEx was the worst performer with a large breakaway gap. Notice the 2 Power Signal warnings before the drop.
JSE Stocks
JSE All Shares
The JSE All Shares did not follow global markets higher, but instead made a long-legged doji against its 200 DMA. Notice that its MACD is still red.
Quilter Plc
Quilter Plc is running out of steam with 4 touches against its R24 resistance.
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.
