Easing of U.K. bond-market Turmoil

TAGS: Tools to analyze stocks

Bloomberg:

Pound and UK Bonds Rally; Stocks, Futures Advance
Morgan Stanley’s Wilson says US stocks can rally in short term

MarketWatch:

Dow futures climb, aided by easing of U.K. bond-market turmoil
Dow climbs 600 points as stocks open sharply higher after Friday’s punishing selloff
Alibaba and other China stocks jump as president Xi reassures on tech
Fed rate hikes are ‘hurting the situation,’ Sen. Bernie Sanders says
It’s time to snap up stock-market bargains, say big money managers

Some more volatility sees markets rally again.

Global Indexes

S&P 500

The S&P 500 made a bounce but did not manage to break the trend line that I have drawn. It needs another positive day to do that.

DAX

The DAX is more positive above its trend and EMA8 lines. It is well on its way to the next resistance, the 50-day moving average (dark blue).

HANG SENG

The HANG SENG made an attempt to break its EMA8 line today, only to bounce down from the resistance.

NYSE & NASDAQ Stocks

Bank of America Corp

My old favorite, Bank of America, made a break away gap to close against its long-term trend line. Notice that the MACD has turned green, and the trend factor changed color with this 6.1% gain.

Tesla Inc

Tesla remains volatile on long term support. It did not manage to close above the previous candle’s high yet.

JSE Stocks

JSE All Shares

After making 8 candles inside the first large bullish candle, the JSE All Shares finally broke out to close at about the same height as the bullish candle where corrections started.

Anglo American Platinum Ltd

Anglo American Platinum also made 8 sideways candles after the bullish breakaway candle. It is attempting to break the flag. Notice where the MACD turned green.