TAGS: Technical analysis software
Bloomberg:
- China reopening is dominant theme as traders seek end to rout
- Stocks sink as hawkish bets revive recession fears
MarketWatch:
- Hedge fund giant Elliott warns looming hyperinflation could lead to ‘global societal collapse’
- Inflation should send holiday sales to a record high, even as retailers scale back seasonal hires, industry group reports
- Twitter plans mass layoffs Friday morning
- Apple reportedly pauses hiring many roles, joining Amazon in belt-tightening
Reopening of China is a welcome relieve for the Hang Seng while recession fears are dominant on US markets.
Global Indexes
S&P 500
The S&P 500 closed with a small body candle that signals uncertainty.
DAX
The DAX also closed with an uncertain long-legged doji on its EMA8 line.
HANG SENG
The HANG SENG made a welcome turn that broke its EMA8 line. Even the MACD turned green. Notice that the turn came with divergence that signals a true turn.
NYSE & NASDAQ Stocks
Air Products Chemicals Inc
Air Products Chemicals blasted off with a 7.7% gain. It is busy breaking a long term negative trend line. Notice where its MACD turned green. Even its Trend Factor turned positive.
Caterpillar Inc
Caterpillar is also denying the recession fears and remains positive. Although its MACD changed color, it remains green. This is an indicator institutions use most.
JSE Stocks
JSE All Shares
As was expected, the JSE All Shares followed the US lower.
Tencent Holdings Ltd
With not much to show on the JSE, we show Tencent that gained 6.2%. Its MACD turned green. Do you see the divergence at the turn?
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.
