TAGS: How to analyze shares and stocks
Bloomberg:
- BofA survey ‘screams’ capitulation with rally set for 2023
- Goldman says sell S&P 5oo calls to fund bullish China view
- bear market in US stocks still in its infancy versus history
MarketWatch:
- Get ready for one major impact of inflation that won’t hit until next year
- Microsoft to cut nearly 1 000 jobs (I read that it is only about 1% of total labor force)
- U.S. stocks trim gains as earnings-inspired rally loses some fizz
The markets are so volatile, that the only advice I have is: ‘Stick to what the indicators are telling you’
Global Indexes
S&P 500
The S&P 500 broke my negative trend line with its high and low values higher than the previous day.
DAX
The DAX even lifted with a gap (exhaustion?) but stalled with an inverted hammer at the 50-day moving average (dark blue).
HANG SENG
Yesterday the HANG SENG closed on its EMA8 line. Today it is hesitating with a doji below it.
NYSE & NASDAQ Stocks
Bank of America Corp
I am staying with Bank of America to see how it plays out. The long-term negative trend line is now broken. Notice that the MACD has been green for 3 days.
Berkshire Hathaway B Inc
Berkshire Hathaway has also broken its negative trend line.
JSE Stocks
JSE All Shares
After the strong bullish candle, the JSE All Shares is hesitating again with a small body candle. Notice that the MACD is still green, and Frontrunner is still moving positively.
Pick n Pay Stores Ltd
Pick n Pay made one gigantic engulfing bear candle after publishing results.
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.
