TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Chinese stocks advance as Beijing renews regulatory support.
- Stocks get hit as war jitters fuel rush to bonds.
- Safety firm UL Solutions jumps 25% after $946 million IPO.
MarketWatch:
- Oil prices, US stock-market futures muted after Iran’s attack on Israel.
- Israel says air-defense system fended off 99% of Iran’s attack; Biden seeks ‘diplomatic response’.
- Fears of Israel-Iran escalation are driving stocks lower.
- If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel.
- Betting markets see Biden’s re-election as likelier than a Trump win for first time in 6 months.
yahoo! finance:
- Traders tread cautiously in wake of Iran attacks.
- Apple’s iPhone shipments drop 10% as Android rivals rise.
- High rates present challenges for even the biggest banks.
- Dow sheds nearly 500 points, sealing its worst week of 2024.
- 2 Fed officials urge patience before any interest rate cuts.
Markets do not like uncertainties and with war on the horizon we had a selloff of stocks.
Global Indexes
S&P 500
The S&P 500 broke our positive trend line to close just above its 50 DMA after touching it. A negative trend line is starting to develop.
DAX
The DAX also broke its positive trend line with a negative one developing.
HANG SENG
War jitters made the HANG SENG open with a downwards gap. It bounced on its 50 DMA closing some of the opening gap.
NYSE & NASDAQ Stocks
Deere Company
We showed the two P2 Power Signals of Deere last week. After another long-legged doji we had a major selloff. Notice that the lagging MACD turned red.
JPMorgan Chase Co
JPMorgan made a downwards gap to close below its 50 DMA in negative territory. Notice where the MACD turned red with a falling Frontrunner.
JSE Stocks
JSE All Shares
The JSE All Shares was still uncertain against its negative trend line with 4 uncertain candles next to each other. Notice the P2 Power Signal 2 days earlier.
Investec PLC
Investec had a selloff to lose 4.7% for the day. Notice the P1 warning 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.
