TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Wall Street frets over next shoe to drop after SVB.
- This week in China: A $4 trillion reboundis giving way to gloom.
- Watch stocks exposed to SVB as US pledges to protect deposits.
MarketWatch:
- 10 Banks may face trouble in the wake of the SVB Financial Group debacle.
- SVB reminder to stock-market investors: ‘Things tend to break’ when Fed gets aggressive.
- Buy bank stocks now? You could get a bargain as Silicon Valley Bank collapses.
- Silicon Valley Bank CEO Greg Becker cashed $2 million just before the collapse. (Captain abandoned ship before everyone else!)
- Dow suffers worst week since June as U.S. stocks end sharply lower after employment report, banking sector fears.
- Silicon Valley Bank depositors will get ‘all of their money,’ regulators say.
yahoo! finance:
- Facebook-parent Meta plans new job cuts.
- Strong jobs report leaves economists split on Fed’s next move.
Now is not the time to stand up against the Bears. Volatility continues after US pledges to protect deposits and the futures show a strong bounce.
Global Indexes
S&P 500
The downwards momentum increased for the S&P 500. We are below all support back in negative territory below all moving averages.
DAX
Surprisingly the DAX still managed to close inside its sideways channel although it made a breakaway gap downwards.
HANG SENG
The HANG SENG made the first bounce and is trading on its 200-day moving average after dipping below it on Friday.
NYSE & NASDAQ Stocks
Signature Bank
On the heals of SVB is Signature Bank with its daily loss of 22.9%. Notice where Frontrunner broke down and the MACD turned red.
Deere Company
Deere Company is following the banks downwards and broke strong support. Notice that the MACD is also red. We will have to see what the bounce does to this share.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower and closed just above its next support.
Textainer Group Holdings Ltd
Textainer had a volatile 5 days to conclude the week with the bears having the upper hand.
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.
