TAGS: Software for stock market analysis
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Asian shares rise as Powell reaffirms rate cuts.
- Bonds get some relief from Powell’s Deja-Vu tone.
MarketWatch:
- Oil, gold and the dollar are surging.
- Fed’s Powell: Too soon to say if recent higher-than-expected inflation is just a bump.
- Options traders see rising risk of Fed rate hike following oil rally, solid US data
yahoo! finance:
- S&P 500, Nasdaq edge higher after Powell reaffirms rate cut.
- Taiwan earthquake underscores risks to chipmaking industry.
Markets were calmed by the Fed remarks, but not enough to regain previous highs.
Global Indexes
S&P 500
The S&P 500 did not manage to close above its EMA8 line to remain in short-term negative territory.
DAX
The DAX did manage to close above its EMA8 and trend lines.
HANG SENG
Although Asian markets are positive this morning, the HANG SENG is negative.
NYSE & NASDAQ Stocks
Micron Technology Inc
MU is making new highs, but this time round we have divergence in place (Caution!).
Caterpillar Inc
CAT also attacked top resistance to continue its positive trend.
JSE Stocks
JSE All Shares
The JSE All Shares remains uncertain and closed on its 200 DMA (orange).
Harmony Gold Mining Company Ltd
The rising gold price is still driving the gold mines higher. Harmony is still making the one high after the other. We however also have divergence in place.
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.
