TAGS: Software for stock analysis
Bloomberg:
- Wall Street Strategists Hunt for good omens on US stock slide
- Stock market bear recommends going ‘a little bit longer’ on stocks
- Vanguard is liquidating a US-listed ETF for the first time ever
MarketWatch:
- Dow posts first bear-market close since 2020 as S&P 500 carves out new low for 2022
- Fed’s Mester says inflation is going to remain hard to predict
- First thing Fed breaks with higher rates will be the financial markets, BMO says
The slide continues on Global markets with some bounces and uncertain candles.
Global Indexes
S&P 500
The S&P 500 reached bottom support with another 1% drop. Current futures show a bounce on this level?
DAX
The DAX closed with an uncertain doji about current trend.
HANG SENG
The HANG SENG is also currently trading with an uncertain small body candle.
NYSE & NASDAQ Stocks
Apple Inc
Apple is showing consolidation on current level with a doji, hammer and inverted hammer next to each other. This is happening on an important support level.
Costco Wholesale Corporation
Costco made an engulfing bull candle, a Frontrunner break and a MACD change of color in oversold territory. We will have to see if it is confirmed with a trend line break today.
JSE Stocks
JSE All Share
The JSE All Share is also showing signs of consolidating in very oversold territory with a bullish candle.
Naspers Limited
After the doji, Naspers steamed back into the triangle it is busy forming. Notice that this is happening in oversold territory.
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.
