TAGS: What are the best investments in South Africa
Bloomberg:
- Stocks drop in countdown to fed as Rally sputters
- China markets rally after unconfirmed social posts on reopening
MarketWatch:
- US stocks end lower as investors weigh economic data, brace for Fed decision on interest rates
- Americans are running towards the safety of cash
What the Fed say can keep the stock-market rally alive – or kill it.
Global Indexes
S&P 500
The 3900 level is a big hurdle for the S&P 500 in anticipation for the Fed. The index did remain above its 50-day moving average and the EMA8 line.
DAX
The DAX is very uncertain with 2 doji’s next to each other in very overbought territory.
HANG SENG
Speculation of reopening is supporting the HANG SENG. It is currently trading above its EMA8 line and tight trend line.
NYSE & NASDAQ Stocks
Apple Inc
Apple is showing the same hesitation as the index. We now have two candles inside the large bullish candle.
Wynn Resorts Ltd
Wynn Resorts started a rally. First the engulfing bull candle, next a breakaway gap followed by another gap. Notice that the MACD has also turned green.
JSE Stocks
JSE All Shares
The strong movement of Naspers and Prosus influenced the JSE All Shares to make a three inside up pattern.
Naspers Ltd
After the big drop Naspers started to climb back and made a breakaway gap yesterday.
Algomodel Strategies, 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.
