TAGS: Technical analysis software
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News in Brief
Bloomberg:
- China stocks gripped by gloom in worst start to year since 2016.
- Option traders in China ETFs swing from gain to $100 million loss.
- S&P 500 hit in worst day since ‘Post-Fed Tantrum’.
- The UK’s horrible start to the year.
MarketWatch:
- Stock market’s ‘Trump bump’ nearly erased thanks to bond selloff.
- US stocks got clobbered Friday despite a blockbuster jobs report.
- Dow sees worst start to a year since 2016 as Fed rate-cut hopes fade for 2025.
- Opinion: The stock market has one more chance to fight off the bears.
yahoo! finance:
- Wall Street is suddenly worried about rate hikes again.
- Insurance stocks fall as Los Angeles fires expected to cost billions.
- US supports Musk argument in OpenAI lawsuit.
- New Biden export rules rattle chip industry.
We had stocks sell-off after jobs report surprise. Bank earnings, key inflation prints await investors this week.
Global Indexes
S&P 500
We had a sell-off on the S&P 500 after the jobs report. The negative trend remains in place.
DAX
The DAX joined the negative sentiment with an engulfing bear candle. It still managed to close above its EMA8 line.
HANG SENG
The HANG SENG is entering its 14th week of a negative trend. It made a downwards gap this morning just above its 200 DMA.
NYSE & NASDAQ Stocks
Home Depot Inc
HD made a bounce with divergence in place. The average analyst’s prediction is off the chart to the top.
Apple Inc
AAPL has reached important support, moving into extreme oversold territory. Not much consensus about target prices amongst analysts!
JSE Stocks
JSE All Shares
The JSE All Shares made an inverted hammer on support with the negative trend intact.
Sasol Ltd
After showing Sasol it smashed two resistances in one day to trade above its 50DMA for the first time in 13 weeks.
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.
