TAGS: Technical analysis
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News in Brief
Bloomberg:
- Stock traders skittish with worrisome bond signals
- China’s reopening rally may be smoother than actual covid exit
MarketWatch:
- GameStop reports worse-than-expected quarterly loss, revenue decline
- U.S. stocks finish mostly lower as S&P 500 books longest losing streak in nearly two months
Power sharing stage 6 has made it very difficult to conclude Market Reviews in time for market openings, we therefore conclude for the festive season early this year and will commence again in 2023. We trust that you will have a blessed Christmas and New Year.
Global Indexes
S&P 500
The S&P 500 closed with a doji to signal a possible turn. Doji’s need confirmation the next day.
DAX
The DAX is also uncertain about current direction with a doji.
HANG SENG
The HANG SENG also had a correction day yesterday but did manage to still close above its EMA8 line.
NYSE & NASDAQ Stocks
Berkshire Hathaway B Inc
Berkshire Hathaway is also uncertain about current direction with a doji. A candle is usually the first warning of a possible change of direction.
Solaredge Technologies Inc
Solaredge Technologies is also uncertain about direction and bounced back with a long-legged small body candle after a one day correction.
JSE Stocks
JSE All Share
As predicted yesterday, the JSE All Share followed global markets lower?
Woolworths Holdings Ltd
Woolworths Holdings bounced on its 50-day moving average support in oversold territory.
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.
