The technical analysis by Algomodel Pro gave the strong shares to invest in for the turn. We also prefer large-cap stocks as suggested by MarketWatch. Spotlight shows all the gaps, signals and best performing shares to invest in.
The Hang Seng is closed today, but other markets in the East are all moving strong positively.
Bloomberg:
- Forced buying puts a floor under stocks nobody else wants to own
- BofA says ‘appalling’ mood fuels $11 billion US stock exodus
- Tencent stake worth $7.6 billion appears in H.K. clearing system
MarketWatch:
- Robinhood users buy and hold companies ‘they know, understand and believe in.’
- Big investors are favoring large-cap stocks for the rest of 2022 – maybe should too
- Dow climbs nearly 400 points Friday as U.S. stocks snap three-week losing streak
yahoo! finance:
- Musk says Twitter whistleblower payment is reason to scrap merger
- Ukraine’s battlefield gains are good for markets
Global Indexes
S&P 500
The S&P 500 broke its 50-day moving average with a breakaway gap.
NASDAQ
Similar move for the NASDAQ.
DAX
The DAX broke its EMA8 line and closed just below its 50-day moving average.
HANG SENG
The HANG SENG also had a strong move on Friday to break its EMA8 line resistance. This market is closed today.
NYSE & NASDAQ Stocks
Tesla Inc
Like the index, Tesla made a breakaway gap. The MACD signal line is also on the verse of breaking up. Notice where Frontrunner broke up with a Poer signal.
Caesars Entertainment Corp
I zoomed out to show how Caesars Entertainment Corp broke its long-term negative trend line, also with a breakaway gap. Notice where Frontrunner gave a Power signal.
JSE Stocks
JSE All Shares
The JSE All Shares also made a breakaway gap with its 2.5% gain.
Anglo American plc
Anglo American also made a breakaway gap with its 6% gain.
Algomodel Startegies, 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.
