TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Tucker Carson’s Twitter move wipes $235 million from rumble.
- Alibaba, JD.com earnings will likely give stocks little help.
MarketWatch:
- Wall Street cheers latest inflation report. But some see trouble ahead for stocks.
- Will stock-market investors panic as debt-ceiling standoff intensifies?
- Beyond Meat stock sinks after earnings even though sales shows signs of life.
yahoo! finance:
- Nasdaq, S&P 500 jump after CPI report shows more cooling.
- Disney’s cost-cutting is ‘a top priority’ amid restructuring, streaming ….
The inflation report boosted stocks in late trading in the US, but the Debt-ceiling standoff is still on the cards.
Global Indexes
S&P 500
The S&P 500 remains in its sideways channel and closed with a high-wave candle after the CPI report.
DAX
The DAX bounced down inside its sideways channel.
HANG SENG
The HANG SENG is busy forming a large triangle and busy touching the bottom leg of it. A break, up or down, out of the triangle will give new direction.
NYSE & NASDAQ Stocks
Beyond Meat Inc
When you zoom out you will see that Beyond Meat started falling from a high of $239 to close yesterday on $12.48 …. ouch. With a Trend Factor of -46.6 it remains a stock to avoid.
Alphabet Inc
Alphabet made another attempt to break strong resistance and successfully did so this time with a 4% gain. The resistance line now becomes support.
JSE Stocks
JSE All Shares
The JSE All Shares remains uncertain about direction with its long-legged doji.
Transaction Capital Ltd
Transaction Capital is in serious trouble. One of its main businesses is We Buy Cars. Think twice where to sell your car!
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.
