TAGS: Tools to analyze stocks
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News in Brief
Bloomberg:
- Thousands of stocks options on failed banks in limbo as expiration hits
- BofA’s Hartnett says equity rout not over as recession looms
- Goldman says US banking stress puts Korea, Taiwan stocks at risk.
MarketWatch:
- Bond-market volatility hasn’t been this high since the 2008 financial crisis.
- First Republic seeks to raise more money through private stock sale: report.
- UBS in discussion to buy Credit Suisse: report.
- Microsoft stock set for best week in nearly 8 years following SVB collapse, OpenAI’s ChatGPT popularity.
- Nvidia GTC event to showcase generative AI ‘arms race’.
yahoo! finance:
- Fed, FDIC to testify on bank failures before House March 29.
- Bed Bath & Beyond plans reverse stock split, shares fall
Volatility continues on markets as rescue plans for banks are showing signs of weakness.
Global Indexes
S&P 500
The S&P 500 closed below all average lines again as rescue plans for banks showed signs of weakness.
DAX
The DAX also could not close above its average lines above, confirming the downward trend.
HANG SENG
Similar for the HANG SENG.
NYSE & NASDAQ Stocks
Microsoft Corporation
Microsoft is about to get a ‘Golden Cross’ with its latest rally. Its Trend Factor also turned green.
Adobe Systems Inc
Adobe Systems broke its two major resistance averages. Notice that its MACD and Trend Factor also turned positive.
JSE Stocks
JSE All Shares
After the long-legged doji the JSE All Shares made an inverted hammer candle in oversold territory. Volatility and uncertainty remain the order of the day.
Anglo American PLC
Anglo American also made an inverted hammer candle in oversold territory with divergence in place.
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.
