TAGS: How to analyze shares and stocks
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News in Brief
Bloomberg:
- Asian stocks mixed before US CPI report, Yen falls.
- Chinese stocks make return to global portfolios on bottom bets.
- Stock rally stalls in countdown to inflation data.
- China’s woes cast shadow over global market rally.
- Magnificent 7 stocks aren’t too pricey, JPMorgan strategist says.
MarketWatch:
- Dow industrials losing ground as Wall Street awaits consequential inflation data.
- Earnings this week will look at the shoppers hit hardest by inflation.
- Nvidia’s stock could hit $1,200 this bull says.
- Feds reportedly open criminal investigation into Boeing 737 Max midair blowout.
- Alphabet is the bargain among the ‘Magnificent Seven’.
yahoo! finance:
- Stocks open lower amid countdown to inflation data.
- Wall Street braces for another potential inflation surprise.
The inflation report is key for direction on the markets and could drive the markets in any direction.
Global Indexes
S&P 500
The S&P 500 closed with an uncertain doji on its EMA8 line in anticipation of the key inflation report.
DAX
The DAX is also sitting on its EMA8 line.
HANG SENG
The HANG SENG has rising bottoms and tops as international portfolios started adding Chines stocks to their portfolios, betting that the bottom has been reached.
NYSE & NASDAQ Stocks
Alphabet
Alphabet has become the favorite amongst the ‘Magnificent Seven’. It bounced on its 200 DMA and is touching its negative trend line. Frontrunner broke its negative trend and its MACD is on the verge of turning green. Let’s see if the inflation report can break the negative price trend line.
Boeing Co
The criminal investigation of the 737 Max midair blowout was not good news for Boeing. It made another gap downwards towards its $177 support. Notice that we have a death cross as its 50 DMA crossed its 200 DMA downwards.
JSE Stocks
JSE All Shares
The JSE All Shares is also waiting for the next international direction with 3 uncertain candles next to each other on its 50 DMA.
Truworths International Ltd
After its recent rally Truworths stalled with a P2 Power Signal against top 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.
