TAGS: South African market today
News in Brief
Bloomberg:
- Stocks, bonds rally with focus on rate outlook
- Asian stocks climb, Hong Kong tech shares seesaw
MarketWatch:
- Dow climbs 400 points as investors gauge China COVID lockdown effects and as Thanksgiving nears
- This isn’t a ‘close your eyes and buy anything’ kind of market
We can add to the news by saying that you should be very selective with your share selection. Algomodel Signal Pro is the tool that can help with that.
Global Indexes
S&P 500
The S&P 500 is busy completing its J-Curve and heading towards its 200-day moving average. Notice that the bounce was on its EMA8 line with the trend remaining positive.
DAX
The DAX was still moving sideways with 7 days forming a flag.
HANG SENG
The COVID-regulations are keeping the HANG SENG at bay. We are surprised that it did not correct more?
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA has established a strong positive trend line and bounced on it after correcting out of the overbought situation.
Apple Inc
Apple made a strong piercing candle and will most probably attempt to break its negative trend line. We show this share as it had the second biggest money turnover on the S&P 500.
JSE Stocks
JSE All Shares
The JSE All Shares was still building on its flag with piercing candle. If it follows global markets, the break will be to the positive side.
Bid Corporation Ltd
Bid Corporation broke its 200-day moving average with a 3.4% gain. Its Trend Factor also turned positive with this 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.
