TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks recoup losses from last week’s rout.
- Stocks halt rebound as oil hits $80 on war angst.
- Stocks edge higher in run-up to US inflation data.
- Big Tech, Health-Care and high yield stocks are dip-buying targets.
- Foreign investors pull record amount of money from China.
MarketWatch:
- A feared Iranian attack on Israel a top threat to stocks in a busy week.
- Oil prices end sharply higher as traders brace for Iran strike on Israel.
- Opinion: Growth scare, carry trade and recession fear are a toxic mix for the market.
- Walmart report earnings this week. Its ‘resilience’ will be tested amid signs of consumer slowdown, analyst says.
yahoo! finance:
- Tesla halts cheap Cybertruck orders as pricey versions pile up.
- Nvidia named top ‘rebound’ stock as Wall Street regains confidence.
- Goldman’s trading desk sees brief window to buy dip in stocks.
- Copper rebound continues as market eyes China arbitrage.
Some analysts say that there is only a brief window to buy dip in stocks while others say that we only have a bounce in a bear market. Let the technical signals decide for you. War angst is not helping any decisions.
Global Indexes
S&P 500
The S&P 500 halted with an indecision high wave pattern.
DAX
The DAX did not manage to close above its EMA8 line. Also with an indecision pattern.
HANG SENG
The HANG SENG has 3 indecision candles next to each other on its 200 DMA resistance.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA is recommended as the top rebound stock. Do notice that its MACD has not turned green yet.
Estee Lauder Companies Inc
Although the target price for EL by analysts have been upgraded by analysts, the stock is still falling like a rock. The latest average target price is $146 and the lowest target by Deutsche Bank is $108. There is currently a 69% potential if analysts are correct, but rather wait till technical analysis shows a turn as all the analysts were wrong. Notice that frontrunner is developing divergence, our true turn.
JSE Stocks
JSE All Shares
Similar to global markets the JSE All Shares made an indecision high wave candle.
Naspers Ltd
NPN broke its negative trend line and followed up with a break of its 50 DMA to be back in positive territory.
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.
