TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Asian stocks rise as Yen, Won begin to reverse dip.
- S&P 500 suffers longest slide since January.
- Treasuries rise after selloff fueled by Fed bets.
- Asian stock gauge flirts with erasing 2024 gain as worries mount.
MarketWatch:
- Wall Street’s ‘fear gauge’ surges as volatility reawakens across markets.
- Fed’s Beige Book finds steady economy growth but little progress in reducing inflation.
- Powell’s comments likely to set tone for trading in rates markets over next several weeks, BMO says.
- Tesla asking shareholders to back court-denied Elon Musk pay package.
- Biden calls for tripling tariffs on Chinese steel, probing Beijing’s potential unfair trade practices in shipbuilding.
- China calls for more financial support for manufacturing.
yahoo! finance:
- Tech leads stock slide as Wall Street’s April woes persist.
- Boeing faces rising pressure in DC as whistleblower speaks.
- Climate change damage could cost $38 trillion per year by 2050, study finds.
Stocks are looking at a ‘bumpier path’ ahead with May correction starting early this year.
Global Indexes
S&P 500
The S&P 500 continued its slide with current downward rout moving into oversold territory.
DAX
The DAX made an uncertain doji touching its 50 DMA in oversold territory.
HANG SENG
The HANG SENG made a bounce and is currently trading on its 50 DMA.
NYSE & NASDAQ Stocks
Philip Morris International Inc
We showed the P2 Power signal of Philip Morris yesterday. It has now broken its negative trend line.
Travelers Companies Inc
Travelers broke its 50 DMA support with a gap. Frontrunner is warning of more lows to come.
JSE Stocks
JSE All Shares
The JSE All Shares closed with an uncertain long-legged doji. Today’s move will confirm a turn or continuation of its negative move.
Sanlam Ltd
Sanlam bounced on support with a P2 Power Signal. This divergence signal has been very accurate for this share in the past.
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.
