TAGS: Technical analysis software
Bloomberg:
- Stocks decline with Fedspeak before jobs report
- Stocks slide with anxiety running high before jobs
MarketWatch:
- Chart watcher thinks the stock market’s year-end bounce is on under way
- 10 energy stocks that are analysts’ favorites as OPEC makes oil-production cuts
- Biden calls OPEC+ production-quota reduction shortsighted
- Dow ends about 350 points lower as Fed officials play down hopes for a rate-hike pause, investors await September jobs report
Markets are cautious ahead of jobs report.
Global Indexes
S&P 500
The S&P 500 still closed above its EMA8 line. The jobs report is the key to what happens next.
DAX
Similar for the DAX. The pattern busy forming could be a ‘Rising Three Method’, depending on the jobs report.
HANG SENG
The HANG SENG is also correcting but is also managing to stay above the EMA8 line.
NYSE & NASDAQ Stocks
Exxon Mobil Corporation
The oil price is driving the petroleum shares. Exxon Mobil is now close to top resistance with all indicators moving into overbought territory.
Boeing Co
The ‘Rising Three Method’ is busy forming for many stocks. Boeing is one of them. Notice that the pattern is forming after a breakaway gap.
JSE Stocks
JSE All Share
The JSE All Share is also busy building a ‘Rising Three Pattern’. If it plays out, we will get another strong rise. See lesson 9 for an explanation of this pattern.
Naspers Limited
Naspers is touching top resistance again. When I look at Frontrunner, we might see a break this time round?
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.
