TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- Investors most underweight on US stocks since 2005, BofA poll shows
- Meta’s 54% comeback is still on shaky ground
MarketWatch:
- Wall Street’s ‘fear gauge’ flashes warning that stocks might be headed off a cliff
- Stock-market rally looks ‘unsustainable’ as S&P 500 enters ‘new, lower valuation regime,’ warns Citi
- United Airlines swings to profit despite ‘worst’ winter storm, issues blue-sky guidance
We will have to watch the tech earnings as holiday-season results start to flood in. You can be assured that any share breaking down did not have good results.
Global Indexes
S&P 500
The S&P 500 stalled at strong resistance while waiting for more company results.
DAX
The DAX is still trending higher in very overbought territory.
HANG SENG
The HANG SENG corrected slightly to ease its overbought situation. It is currently trading on its EMA8 line.
NYSE & NASDAQ Stocks
Goldman Sachs Group Inc
Goldman Sachs Group had the biggest influence on the DOW correction as the share broke down. In its correction it broke its 50-day moving average downwards.
NVIDIA Corporation
After breaking its 200-day moving average, NVIDIA is still moving strong. It is however also approaching overbought territory.
JSE Stocks
JSE All Shares
The JSE All Shares remains in overbought territory waiting for global markets for new direction.
British American Tobacco PLC
British American Tobacco made a bounce during its negative trend after announcing layoff off some staff as its operation suffered sales during the COVID period. Illegal sales have taken over some market share during this period.
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.
