TAGS: How to analyse shares and stocks
Bloomberg:
- Morgan Stanley sees rough ride for US stocks in 2023
- US stocks, bonds drop as Fed signals further hikes
MarketWatch:
- Japan’s economy shrinks as consumers reduce spending
- China’s central bank leaves key policy rates unchanged
- Fed’s top financial regulator urges ‘guardrails’ for crypto
- Dow closes lower after stock-market gains evaporate; investors re-evaluate peak-inflation narrative
Although the rally stalled in the US yesterday, the Asia markets are all strong today. The futures are currently positive.
Global Indexes
S&P 500
The S&P 500 stalled at current level as profit taking stepped in at overbought territory.
DAX
The DAX is also showing signs of stalling with a doji candle in overbought territory.
HANG SENG
The HANG SENG is continuing its strong rally and is currently trading higher than yesterday’s high.
NYSE & NASDAQ Stocks
Caterpillar Inc
Caterpillar stalled with a long-legged small body candle at a top resistance. Remember that this is not necessary a sell signal. The turning signal needs to be confirmed with today’s move.
Berkshire Hathaway B Inc
Berkshire Hathaway also stalled at the $310 level after breaking its 200-day moving average. Never be too hastily to take profit as the trend is still positive.
JSE Stocks
JSE All Shares
Similarly, the JSE All Shares also stalled with a small body candle.
Shoprite Holdings Ltd
Shoprite smashed its top resistance with a massive 7.8% gain.
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.
