TAGS: Tools to analyze stocks
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News in Brief
Bloomberg:
- Intel’s troubles run so deep even bulls are wary.
- S&P sinks to seven-week low as financials hammered.
MarketWatch:
- SVB Financial stock tumbles 22% after hours on reports of funds advising clients to pull money from bank.
- Signature Bank says its financial position is ‘strong’ but stock falls anyway.
- Bitcoin tumbles, as Silvergate Bank’s collapse highlights the biggest threat to U.S. crypto industry.
- Oracle stock falls following forecast as revenue disappoints.
yahoo! finance:
- Asia stocks drop as US bank rout damps risk taking.
- Resla stock is a ‘clear winner’: Analyst.
The bank sector tumbled to make the Dow log new 2023 low. Investors await monthly employment report.
Global Indexes
S&P 500
The S&P 500 broke down below support and closed below its 200-day moving average in all negative territory.
DAX
The DAX was still holding out with an uncertain doji against top resistance. The yearly gain of 12.9% is superior to that of the S&P 500 which has a -8.7% loss.
HANG SENG
The HANG SENG is following the US into all negative territory and did so with a gap.
NYSE & NASDAQ Stocks
SVB Financial Group
The financial group that sparked the selloff: SVB. Notice the Trend Factor of -72.9, not a share to invest in.
Intel Corporation
The troubles for INTEL started when AMD developed a processor that is much faster than Intel’s and cheaper! Need we say more? The graph shows an only red Trend Factor.
JSE Stocks
JSE All Shares
Although the JSE All Shares made a long legged doji, it remains in a negative trend with an all red MACD as well.
FirstRand Ltd
FirstRand made a large engulfing bull candle, but we doubt that it will be confirmed in light of what happened in the US.
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.
