TAGS: How to analyse shares and stocks
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Short sellers scored $2 billion profit as regional banks plunged.
- Global banking stocks hold steady after $465 billion SVB wipeout.
MarketWatch:
- Credit Suisse gets liquidity promise, but Wall Street not ‘out of the woods yet’.
- Bank crisis beginning to be felt by nonbank institutions, Fitch Ratings says.
- Opinion: SVB’s collapse exposes the Fed’s massive failure to see the bank’s warning signs.
yahoo! finance:
- Stocks slide, safety shines as bank fears spread.
- Bank of America won big from the Silicon Valley Bank collapse.
Although it is mostly the banks that are tumbling, it did have an in fluence on other stocks and global markets too.
Global Indexes
S&P 500
The uncertainty on markets caused the S&P 500 to make a hammer candle, still in all negative territory below resistances.
DAX
After hesitating at its 50-day moving average, the DAX plunged to way below it.
HANG SENG
The HANG SENG abandoned its 200-day moving average with a gap. It is now in free fall territory.
NYSE & NASDAQ Stocks
Alphabet Inc
While banking shares are tumbling, Alphabet bounced off strong support and is now busy breaking its 50-day moving average. Notice that the MACD is also turning green.
Berkshire Hathaway B Inc
Berkshire Hathaway is also correcting with the banking sector, but not as severe. It is now touching its 200-day moving average, still in a downwards trend.
JSE Stocks
JSE All Shares
The JSE All Shares is in a strong downward trend with hopefully only its 200-day moving average as support below.
Transaction Capital Ltd
Transaction Capital is tumbling with global banks. Notice where the MACD turned red, not a signal to ignore.
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.
