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:
- Nasdaq 100 hits record high in tech-fueled rebound.
- China’s sudden stock rally points to EFT buying by state funds.
- Stocks and futures rebound as Chipmakers shine.
MarketWatch:
- Opinion: If this is all the downside the bears can deliver, then the bull market may still be intact.
- Apple’s stock could soar nearly 25%, BofA says, going against tide of skepticism.
- Jobless claims fall under 200,000 to lowest level in 16 months.
- Fed’s Beige Book find signs of a cooling labor market across most of the country.
- Tesla could be staring down a year of ‘growing pains,’ analyst caution.
yahoo! finance:
- Tech is key to bringing the market out of its slump.
- US futures point to rebound as chipmakers shine.
- M&T Bank profit plunges on FDIC fee hit, costly deposits.
- KeyCorp profit shrinks on FDIC charge.
Chipmakers saved the day for putting on stops to the current negative trend.
Global Indexes
S&P 500
After the doji the S&P 500 changed direction to close above its EMA8 line.
DAX
The DAX also changed direction after what appears to be an exhaustion gap and clo.
HANG SENG
The HANG SENG had a small rebound with state fund buying but remains in all negative territory.
NYSE & NASDAQ Stocks
Taiwan Semiconducter Mfg Co Ltd
It was the Q4 sales of TSM that sparked the rally of yesterday. The share itself made a large 9.8% gap.
Apple Inc
TSM is the chip supplier of Apple that lifted with a level 2 divergenge and a gap.
JSE Stocks
JSE All Shares
The JSE All Shares also made a piercing candle but was closed to respond to the US move.
Northam Platinum Ltd
Northam Platinum bounced off its 50 DMA in oversold territory with a 5.3% gain for the day.
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.
