TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- European stocks rise as US futures signal caution
- Foreigners return to China bluechips as stocks near bull market
MarketWatch:
- On MLK day, let’s remember that Martin Luther King’s dream included full employment for all
- Electric vehicles made up 10% of all new cars sold last year
While US markets were closed for Martin Luther King day, European extended their positive trend in overbought territory.
Global Indexes
S&P 500
The US markets were closed yesterday, but the futures signal caution.
DAX
The DAX made another small body candle in overbought territory.
HANG SENG
The HANG SENG is trading lower today, easing the very overbought situation.
NYSE & NASDAQ Stocks
The US markets were closed.
JSE Stocks
JSE All Shares
The JSE All Shares traded lower in its overbought situation. Notice that the MACD changed color.
Old Mutual
Old Mutual is reacting very volatile at its 200-day moving average. It did close above it, but we will have to see if it holds as it is also 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.
