TAGS: Tools to analyze stocks
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News in Brief
Bloomberg:
- Top greater China fund raises concern over TSMC after Buffett.
- Asia stocks, US futures climb as Dollar weakens.
- Apple’s revenue woes put market-leading rally at risk.
MarketWatch:
- Opinion: Apple’s ‘forecast’ suggest worst stretch for sales growth since 2016, but stock still headed higher.
- AMD’s stock jumps on report of Microsoft AI chip partnership.
- Bank stocks may need to drop at least 30% before its time to worry about the economy, study says.
yahoo! finance:
- Apple earnings beat on better than expected iPhone sales.
- Stock slump as PacWest leads latest bank stock collapse.
Markets are still very volatile during earnings reports, with the majority correcting.
Global Indexes
S&P 500
The S&P 500 corrected with a gap and is now nearing its 50-day moving average support.
DAX
The DAX dipped below its EMA8 line. Notice that its EMA8 line is making a rounding top.
HANG SENG
The HANG SENG is attempting to get above its 50-day moving resistance, but we will have to see where it close.
NYSE & NASDAQ Stocks
Apple Inc
Our chart of Alpple shows that it has broken its positive trend line. We will have to see if it can get above it again.
Bank of America Corp
Banks keep on dropping and none of them are spared. Bank of America is now approaching bottom support with no sign of turning.
JSE Stocks
JSE All Shares
The JSE All Shares did have a negative day but still managed to close above its 50-day moving average.
DRDGOLD Ltd
Gold shares are still flourishing and DRDGOLD took the honors with its 11.7% surge.
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.
