TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Morgan Stanley strategist sees US stock rally at risk.
- Stocks bounce back; Bond yields climb on Fed bets.
MarketWatch:
- ‘Gradually then suddenly.’ Earnings expectations may be about to drop, says Morgan Stanley strategist.
- Dow struggles for gains as investors brace for deluge of corporate earnings.
- New York factory index shows increase in activity for first time in five months.
- Speculators bet the US dollar is poised for a rebound after longest losing streak in 3 years.
yahoo! finance:
- Stocks waver ahead of earnings on tap.
- China EV stocks rally after XPeng unveils ‘stunning’ cost savings.
- Google slides on report Samsung may choose Bing for search.
All global indexes are showing signs of topping out in overbought territory.
Global Indexes
S&P 500
The S&P 500 bounced off its positive trend line, just when it looked as if it could break down.
DAX
The DAX now has 4 small body candles next to each other indicating indecision about the current trend.
HANG SENG
The HANG SENG is also making an uncertain doji.
NYSE & NASDAQ Stocks
Berkshire Hathaway B Inc
Berkshire Hathaway broke its top resistance, but it is doing so in an extreme overbought situation.
Bank of America Corp
After its breakaway gap Bank of America is continuing its positive rally.
JSE Stocks
JSE All Shares
The JSE All Shares is also showing signs of topping out while its positive trend is still intact.
Remgro Ltd
Naspers made a strong break of its 50-day moving average to trade above it again.
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.
