TAGS: Technical Analysis Software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Asian stocks bounce back after worst day on record.
- VIX Surge indicates ‘Panic’ as stock rout accelerates globally.
- Stock slide puts S&P 500’s bear market in sight.
- Ishiba to talk with Trump as Japan’s Nikkei enters bear market.
MarketWatch:
- Opinion: Yes, Bill Ackman, this is exactly what you voted for.
- A 50% correction is probable.
- Investors should brace for another 7% to 8% drop in the S&P 500, says Morgan Stanley.
- Is a recession looming? Big banks’ earnings could be an early indicator of financial strain.
- A salesforce board member bought $1 million in stock near recent lows. He has a good track record.
yahoo! finance:
- ‘Economic nuclear winter’: Musk, Ackman push back on Trump’s team.
- Trump threatens additional China tariffs, opens negotiations on others.
- ‘Negative outcomes to infinity’: Stock bulls rip up forecasts.
- GOP fears ‘decimation’ as tariff angst grows in Congress.
- Oil sinks further as Saudi price cut adds to tariff turmoil.
Trumps’s remark on markets is that it needs medicine! The magnitude of this drop has drawn comparisons to the 1987 crash.
Global Indexes
S&P 500
The S&P 500 closed in oversold territory with the futures indicating a bounce.
DAX
Similar for the DAX.
HANG SENG
Similar for the HANG SENG that closed on its 200 DMA making a bounce today.
NYSE & NASDAQ Stocks
salesforce.com Inc
Analysts did not factor in the Trump factor for CRM. It is trying to make a bounce in oversold territory.
Amazon.com Inc
A handful of shares made engulfing bull candles like AMZN.
JSE Stocks
JSE All Shares
The JSE All Shares made an exceptional long-legged high wave candle. We cannot recall ever seeing such long legs for an index.
Naspers Ltd
NPN bounced on its 200 DMA.
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.
