TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- US stocks edge higher as recession odds chewed.
- Fast-Money quants, human traders most split on stocks since 2019.
- Worst isn’t over for US stock market, JPMorgan’s Kolanovic warns.
- Morgan Stanley’s Wilson says economy signaling weaker earnings.
MarketWatch:
- S&P 500 could rise as high as 4,400 in coming months, says Wall Street strategist who called 2023’s rebound.
- Tesla breaks ground on Texas lithium refinery.
- PayPal logs earnings beat, but stock falls as margin talk overwhelms.
- Western Digital outlook worse than feared, after results top estimates.
yahoo! finance:
- Oil prices dip in cautious trade ahead of US inflation data.
- Disney selling Hulu would be a ‘grave mistake’: Analyst.
Markets remain cautious close to resistances. The inflation data might give new direction.
Global Indexes
S&P 500
The S&P 500 has some distance still to go before it will reach top resistance. It closed with an uncertain doji in its sideways channel.
DAX
The DAX is also hesitating with a doji.
HANG SENG
The HANG SENG is also hesitating just below its long-term resistance line.
NYSE & NASDAQ Stocks
Exxon Mobil Corporation
Its 50-day moving acted as resistance for Exxon Mobil. It bounced down from its 50-day resistance after its 200-day resistance below acted as support. Frontrunner is predicting a new low is still to come.
Advanced Micro Devices Inc
Advanced Micro Devices smashed its negative trend line with a 5.8% gain. Its MACD turned green.
JSE Stocks
JSE All Shares
Its 50-day moving average is still acting as support for the JSE All Shares and it extended its bounce off it.
Kumba Iron Ore Ltd
Kumba Iron Ore started a rally that is hesitating at its 50-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.
