TAGS: Technical analysis software
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News in Brief
Bloomberg:
- BlackRock ditches 60/40 portfolio in New Regime of high inflation.
- Stocks little changed amid bank earnings, Fedspeak.
MarketWatch:
- Netflix misses on subscribers growth and earnings forecast, but stock recovers on ad plans, password-sharing crackdown.
- Bed Bath & Beyond stock’s meme-like bounce won’t last, analyst says.
- Meta expected to announce latest round of layoffs today.
- US debt-ceiling deadline may be nearing faster than expected, warns Goldman Sachs.
yahoo! finance:
- Stocks end where they started as earnings season kicks up.
All global indexes are showing signs of topping out in overbought territory.
Global Indexes
S&P 500
The S&P 500 edged higher towards resistance but closed only 0.1% higher.
DAX
The DAX also edged higher into overbought territory.
HANG SENG
The HANG SENG is moving in the negative direction after the doji but is still managing to stay above its EMA8 line.
NYSE & NASDAQ Stocks
Netflix Inc
Netflix broke its positive trend line. Notice that Frontrunner is heading down and that the MACD turned red.
Caterpillar Inc
Caterpillar is also uncertain about its current move with 3 small body candles next to each other and zero gain for the day.
JSE Stocks
JSE All Shares
The JSE All Shares extended its positive trend with another gain of 0.7% for the day.
Capitec Bank Holdings Ltd
We never invested in Capitec as we were worried that clients would not be able to pay back their loans. We were right! The long-term trend for this share remains down in the same direction as the 200-day moving average.
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.
