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News in Brief
Bloomberg:
- US stocks extend rally buoyed by technology shares.
- Bed Bath warns of bankruptcy risk in $300 million offering.
MarketWatch:
- Donal Trump indicted by grand jury; arraignment expected Tuesday.
- Virgin Orbit stock plunges after report says company will cease operations.
- Tesla’s solar-roof installations – 3,000 in the US – have badly missed projections.
yahoo! finance:
- Walmart faces second US lawsuit.
The rally on global markets continued and was mainly driven by tech shares.
Global Indexes
S&P 500
The S&P 500 extended its rally into positive territory.
DAX
After breaking its 50-day moving average the DAX extended its rally with a gap.
HANG SENG
The HANG SENG is extending its rally with another gap and is busy breaking its 50-day moving average to join the other indexes in positive territory.
NYSE & NASDAQ Stocks
HP Inc
HP took off with a breakaway gap and attacked its 50-day moving average with another gap. Notice the W forming that should break its 200-day moving average too if the formation is completed.
Caesars Entertainment Corp
Ceasars Entertainment broke its 200-day moving average with a gap.
JSE Stocks
JSE All Shares
The JSE All Shares also extended its rally, but hesitantly.
Kumba Iron Ore Ltd
Kumba Iron Ore is busy breaking its 200-day moving average with a 3.5% gain. Do you see the divergence at the turn?
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.
