Rebound on Global Markets

TAGS: How to analyze shares

Bloomberg:

China stock frenzy in overdrive on hopes that worst is over
Stocks pare weekly loss on China reopening rally
BofA says rush to cash is now at fastest pace since pandemic
China stocks may rally 20% on a full opening, Goldman says

MarketWatch:

U.S. economy added 261 000 new jobs last month – too many for the Fed’s liking
The US jobs market too ‘strong,’ the Fed says. So, expect rising unemployment
China tech sector leads Hong Kong market rebound
Dow ends 400 points higher, but U.S. stocks book weekly losses as investors assess strong jobs report
Strong new evidence that a U.S. stock-market rally is coming soon

yahoo! finance:

Starbucks stock is popping after meeting ‘a high bar’

Google Finance:

Massive investigation into Takealot, UberEats and Google in South Africa
Chinese Tesla rival Xpeng built the most literal interpretation of ‘flying car’ we’ve seen yet

More:

Steinhoff, EOH and Tongaat Hulett crushed South Africa’s financial image

There is speculation that a U.S. stock-market rally is coming soon. We ignore speculation and follow what the indicators are showing for each share.

Global Indexes

S&P 500

Although the S&P 500 bounced positively, it did not manage to break its 50-day moving average nor the EMA8 line. It only managed to touch both lines and close with an uncertain long-legged doji.

NASDAQ

The NASDAQ concluded its positive move with a hammer candle. These uncertain turning candles need confirmation on the next trading day.

DAX

The DAX made a strong bounce and is now nearing its 200-day moving average. If it manages to break this resistance it will be in all positive territory again. Currently the positive trend is still dominant.

HANG SENG

The HANG SENG is continuing its positive bounce and touched its medium negative trend line on Friday and is currently busy breaking it.

NYSE & NASDAQ Stocks

Starbucks Corporation

Starbucks made a strong bounce on strong support with a large gap. Notice that the MACD is turning green, and the Trend Factor is turning positive. If you zoom out, you will see how far this share dropped.

Estee Lauder Companies Inc

It has been a while since Estee Lauder was shown. After a correction of 49.1% it made a strong bounce of 8.6% with a breakaway gap. The negative trend line is broken and the MACD is turning green.

JSE Stocks

JSE All Shares

The JSE All Shares had a strong bounce on the positive trend line that broke its long-term negative trend line. The Trend Factor also turned positive with this move. We show on this graph where Frontrunner turned with divergence and where the MACD turned green. These are two very strong technical indicators.