TAGS: How to analyze shares
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News in Brief
Bloomberg:
- Stocks end on high note with ‘Risk-On’ CPI wagers
MarketWatch:
- Dow, S&P 500 end higher, Nasdaq books longest win streak in four months ahead of inflation data
Today’s US CPI report might kill stock market’s hope of inflation melting away. We might see a break of strong resistance, or a selloff to continue the bear trend?
Global Indexes
S&P 500
We zoomed out to show the strong resistance line of the S&P 500. Notice that the 200-day moving average is also on this trendline. We should know later today what happens next?
DAX
After a hesitation day the DAX continued its positive trend.
HANG SENG
The HANG SENG has a hesitation day after the doji of yesterday.
NYSE & NASDAQ Stocks
Livent Corp
Livent Corp started its rally with a breakaway gap and made another gap yesterday with its 9.9% gain. MACD and Trend Factor are green.
Avis Budget Group Inc
Avis Budget Group is also busy with a strong recovery. Notice the divergence at the turn and where MACD turned green. Divergence, gaps and MACD are our favorite indicators after a trend line break. See the education lessons for more information on these indicators.
JSE Stocks
JSE All Shares
The JSE All Shares is also making an attempt to break top resistance. What happens today in the US will also determine the JSE direction going forward.
Sappi Ltd
In contrast with Nampak that had a 9.8% gain, Sappi made a 5.6% breakaway gap downwards. It is always interesting that this happened in overbought 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.
