TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Stocks slide on debt ceiling standoff.
- US stocks slump before inflation report.
- Goldman Sachs warns of stock Volatility as Quant Traders pile in.
MarketWatch:
- Stanley Druckenmiller warns of US hard landing at Sohn conference, says debt-ceiling debate ‘really depressing’
- US could run out of cash as soon as early June: think tank.
- Ryanair ordered 300 new Boeing 737-Max-10 aircraft in a deal valued at over $40 bln.
yahoo! finance:
- Stocks fall as all eyes on debt ceiling talks.
- Boeing stock jumps as Ryanair set to order jets after price spat.
The debt ceiling is the next worry as markets brace for debt default as deadline looms.
Global Indexes
S&P 500
The S&P 500 remains in its sideways channel and closed on its EMA8 line.
DAX
The DAX also touched its EMA8 line with an uncertain doji.
HANG SENG
The long-term trend line was too strong for the HANG SENG. The correction downwards broke through its EMA8 and 50-day moving averages.
NYSE & NASDAQ Stocks
Paypal Holdings Inc
Paypal made a breakaway gap downwards to also break bottom support. Frontrunner is predicting more misery for this share!
Alphabet Inc
Alphabet made an attempt to break strong resistance, only to close below it aagain. Notice that its MACD has been red for some time and we are sure it will turn green if it manages to break top resistance.
JSE Stocks
JSE All Shares
The JSE All Shares also slumped with global markets.
Pick n Pay Stores Ltd
Pick n Pay is extending its long term negative trend that even broke bottom support. Frontrunner is predicting that the end is not in sight yet.
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.
