TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Tech stocks take driver’s seat in earnings run-up
- Microsoft’s stock-market halo fades as recession doubts creep in
- Stock rally hits a wall; QQQ gains in late trading
MarketWatch:
- ‘The Nasdaq is our favorite short.’ This market strategist sees recession and a credit crunch slamming stocks in 2023
- Tech rally is ‘biggest game of chicken between the Fed and the market I’ve ever seen,’ says analyst
- Dow books third straight day of gains, but Nasdaq and S&P 500 end lower as investors await big tech earnings
The S&P 500 hits wall and big tech earnings will be the decider if the negative trend line gets broken.
Global Indexes
S&P 500
The S&P 500 made a doji on its long-term negative trend line to confirm uncertainty. Big tech results will decide the next direction!
DAX
The DAX is also hesitating with a small body candle on its EMA8 line.
FTSE 100
With the HANG SENG still closed, we show uncertainty of the FTSE 100. This index is making a small body candle on its EMA8 line.
NYSE & NASDAQ Stocks
Travelers Companies Inc
The results of Travelers was the main booster for the DOW to gain 0.31%.
Bank of America Corp
Bank of America is at its own wall by closing on its 50-day and 200-day moving averages simultaneously.
JSE Stocks
JSE All Shares
Uncertainty for the JSE All Shares too. We believe that the US direction will also have the last say for the JSE.
BHP Group Ltd
BHP Group is also hesitating with a piercing candle 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.
