TAGS: Technical analysis
Bloomberg:
- China’s shares plunge to lowest valuation on record in Hong Kong
- JPMorgan, Morgan Stanley cut Alibaba target on revenue concerns
MarketWatch:
- Stocks and bonds are ‘discounting for a disaster’ after the worst stretch for investors in 20 years
yahoo! finance:
- Stock market: ‘We are tactical bears’: BofA says
Google Finance:
- Expect to fight for flights in the coming months
Our whole substation with cables were stolen and we are still without power. 4 Days down last week. This must be our worst loadshedding to date and similarly for the markets.
Global Indexes
S&P 500
The S&P 500 broke another support!
NASDAQ
The NASDAQ is also busy breaking an important support level.
DAX
The DAX is already way below important support.
HANG SENG
The HANG SENG remains the wort performer of all global indexes.
NYSE & NASDAQ Stocks
Norwegian Cruise Line Holdings Ltd
One of the worst performers is Norwegian Cruise Line Holdings that will test bottom support soon.
Berkshire Hathaway B Inc
I showed the support of Berkshire Hathaway previously as $264. It made a bounce on that level, only to meet the trendline resistance.
JSE Stocks
JSE All Shares
After breaking support, the JSE All Shares is trying to consolidate at current level.
Harmony Gold Mining Company Ltd
While markets are taking a beating, gold shares were the best performers for the week. Harmony had a 25% positive move for the week. It is however in very overbought territory currently.
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.
