TAGS: What are the best investments in South Africa
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News in Brief
Bloomberg:
- Tesla shares suffer worst year ever. And 2023 looks bad, too
- Tesla fans keep buying, unbowed by the $720 billion wipeout
- JPMorgan, Goldman say stocks recovery won’t be easy in 2023
- China tech stocks are winning back investors after awful year
- Nasdaq back from brink of worst December ever as Fed angst dims
MarketWatch:
- Wall Street’s stock-market forecasts for 2022 were off by the widest margin since 2008
- Tesla short sellers have collected nearly $17 billion since Elon Mask agreed to buy Twitter, making Tesla the most profitable short for 2022
- Goldman Sachs CEO expects layoffs in first half of January
yahoo! finance:
- Apple to launch first AR headset in 2023
Google Finance:
- Elon Musk hits back at being blamed for Tesla troubles, says people are saving instead of buying stocks
- South Africa passes 200 days of load shedding in 2022
More:
- Tech stocks had the worst December since 2002 as Fed optimism faded
- Amazon broke below 2020 low and had the worst year since dot-com bust
- Former Goldman Sachs Exec: “extreme market distortion ahead”
We wish you and your family a prosperous 2023. This year will not be easier than last year, but we will do our best to give the appropriate news and trends to counter the volatility that will continue on markets.
Global Indexes
S&P 500
After correcting down from its strong negative trend line, the S&P 500 is consolidating on a 3800 level. While this trend line is not broken, we remain in a negative trend. Notice how this trend line and its 200-day moving average are moving together.
NASDAQ
Similarly, the NASDAQ is also starting the new year in all negative territory. It is however in oversold territory.
DAX
The DAX was still holding on strong but is on the verge of breaking its 50-day moving average downwards, or a bounce?
HANG SENG
In contrast the HANG SENG is busy breaking its very long negative trend and 200-day moving average. The opening of borders was mostly the contributor to this.
NYSE & NASDAQ Stocks
Tesla Inc
We have the list of recommended shares for 2023 that are expected to have gains >40% and Tesla does not feature in this list! It remains in a negative trend with a trend factor that has turned yellow. Tesla had the worst year ever. That doesn’t make it cheap!
Arrowhead Pharmaceuticals Inc
The share with the highest gain prediction on the list is Arrowhead Pharmaceuticals with a gain prediction of 119%. It is currently overbought.
JSE Stocks
JSE All Shares
The JSE All Shares Is busy doing a correction with a head and shoulder formation. Notice where the MACD turned red.
Anglo American plc
The head and shoulder correction is also very clear on the graph off Anglo American.
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.
