TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Japan’s Katayama vows to keep fiscal discipline with investment.
- Gold steadies near $4,000 as inflation data eases rate-hike bets.
MarketWatch:
- S&P 500 and Nasdaq turn lower as tech as tech stocks fall under pressure.
- Micron has suddenly become one of the world’s most important stocks.
yahoo! finance:
- Micron’s momentum spells trouble for Apple
- US stock futures waver as tech struggles to find its footing.
- Fed’s Goolsbee: Core inflation is still too high and trending wrong way.
Apple stock dives after company announces price hikes. More South Africans are switching away from Apple because of its high prices.
Global Indexes
S&P 500
The S&P 500 remains stuck between its EMA8 resistance and its 50 DMA support.
DAX
The DAX managed to close above its EMA8 line.
HANG SENG
The HANG SENG is diving deeper into extreme oversold territory.
NYSE & NASDAQ Stocks
Micron Technology Inc
MU made the highest gain for the day and is also the share with the largest positive Trend Factor.
Builders FirstSource Inc
BLDR is extending its positive trend. Notice that Frontrunner is warning of more highs to come.
JSE Stocks
JSE All Shares
The JSE All Shares followed the global positive sentiment with a piercing candle.
Impala Platinum Holdings Ltd
IMP also made a piercing candle. Notice that we have divergence in place.
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.
