TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Stocks tumble as havens soar on Mideast reports.
- Treasuries hit as hawkish Fed views keep piling up.
- Nvidia, Chip stocks drop into correction as rate bets shift.
- S&P 500 suffers its longest slide since January.
MarketWatch:
- Oil prices jump, US stock futures sink on reports of explosions heard in Iran.
- US slaps new sanctions on Iran over Israel attack.
- AMD’s stock has been in absolute freefall’ – but its earnings could spark a chip-sector rebound.
yahoo! finance:
- Netflix will no longer report crucial subscriber data.
- Stock futures drop, yields climb amid Mideast tension.
- Israel launches missile strikes on Iran, US officials say.
Mideast tension is not good for stocks, and they remain in a correction trend.
Global Indexes
S&P 500
As the correction of the S&P 500 continues it is moving into extreme oversold territory with no sign of a turn.
DAX
The DAX is still hanging on for dear life on its 50 DMA, also in oversold territory.
HANG SENG
Its 50 DMA acted as resistance for the HANG SENG to continue its downward trend.
NYSE & NASDAQ Stocks
Philip Morris International Inc
We again feature Philip Morris as it is now busy breaking its 50DMA.
Bank of America Corp
Because we are in oversold territory, we get a lot of P1 power signals. Bank of America is giving a P1 Power Signal with MACD changing color, but the negative trend line is still in play.
JSE Stocks
JSE All Shares
The JSE All Shares made a small gain after its uncertain long-legged doji, still below its 50 DMA. No sign of a turn from Frontrunner nor the MACD.
Shoprite Holdings Ltd
After a steep correction Shoprite made a piercing candle with a P1 Power signal in oversold territory. This is all happening at a support level.
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.
