TAGS: Tools to analyze stocks
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News in Brief
Bloomberg:
- US-Listed China stocks see $100 billion wipeout in jittery month.
- China’s deepening selloff shows investors are losing confidence.
- BofA, JPMorgan say time to sell as Europe stocks face risks.
MarketWatch:
- Opinion: Microsoft and Alphabet increase spending on AI, but don’t get carried away yet.
- Microsoft stock zooms towards highest prices in a year after strong earnings, forecast.
- Intel is expected to post its biggest loss on record. Has the chip maker finally hit rock bottom?
- British American Tobacco hit with $635 million sanctions fine for selling smokes to North Korea.
yahoo! finance:
- Microsoft beats on earnings despite cloud struggles.
- First Republic plunges near 50% after it reveals deposit exodus.
- Microsoft earnings: CEO Satya Nadella encouraged by Bing users’ feedback.
Bears took control and Markets are correcting.
Global Indexes
S&P 500
After all the hesitation, bears took control, and we had a selloff on the S&P 500. It corrected well below its EMA8 line to be in negative territory with its 50-day moving average its next support.
DAX
The DAX continued its uncertainty sideways but will most probably also break down today.
HANG SENG
The HANG SENG is stalling its negative trend just above its 200-day moving average that is acting as support. We will have to see if this support will hold?
NYSE & NASDAQ Stocks
Microsoft Corporation
The news must be talking of after-hours trading for Microsoft as it was still correcting yesterday.
Dow Inc
After the Dow broke its 50-day moving average it had a massive selloff to close just above its 200-day moving average. Notice where Frontrunner broke down.
JSE Stocks
JSE All Shares
The JSE All Shares was still holding its head above its 50-day moving average, but Frontrunner is showing the direction down!
Glencore PLC
After Glencore broke its positive trend line it only knows one direction. It closed on its 50-day moving average, but we doubt if this will hold.
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.
