TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- S&P 500 hit by Fed-Pivot rethink and war jitters.
- Stocks sink as CPI slams door on Fed June pivot.
- Chinese stocks in Hong Kong extends gains to reach milestone.
- Chinese Cement Maker halted after 99% crash in 15 minutes.
MarketWatch:
- Hotter inflation means the stock-market rally faces a critical test as earnings season begins.
- Maybe core inflation isn’t as bad as it seems.
- Fed-funds-futures traders take June rate cut off table.
- Nearly all S&P 500 sectors fall as Treasury yields soar after inflation data.
- JPMorgan pro says the Fed has it backward – rates need to be cut to lower inflation.
yahoo! finance:
- Hot inflation report dashes hopes of June rate cut.
- Stocks sink, yields jump as CPI data rattles Wall Street.
- Key inflation report comes in hot.
- Fitch downgrades China’s credit rating outlook on debt concerns.
The key inflation data came in hot and stalled all markets.
Global Indexes
S&P 500
The latest CPI data send the S&P 500 below our trend and EMA8 lines. Notice that we have 10 uncertain small body candles in 3 weeks.
DAX
The DAX also closed with an indecision high wave pattern.
HANG SENG
The HANG SENG on its EMA8 line and is trying to regain lost ground. The long-term resistance trend line is not broken.
NYSE & NASDAQ Stocks
Deere Company
Deere is struggling at to go higher than $414 and broke our tight trend line. Notice the 2XP2 Power Signals with a Frontrunner heading down.
NVIDIA Corporation
Although NVIDIA made an piercing candle in oversold territory its negative correction trend line is not broken. Earnings season will be the test!
JSE Stocks
JSE All Shares
The JSE All Shares is also showing uncertainty with an inverted hammer candle and a large high wave candle touching its negative trend line. Notice that we have an unconfirmed P2 Power Signal in overbought territory.
Barloworld Ltd
Barloworld broke its 50 DMA and negative trend lines with Frontrunner predicting more highs to come.
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.
