TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Traders embrace bonds as recession angst build.
- US futures waver as traders mull Fed; Disney drops.
MarketWatch:
- Dow suffers fourth straight fall as Disney sinks; regional bank woes back in spotlight.
- Opinion: Stocks are stuck in trading range, but watch the VIX for signs of a breakout.
- Wall Street cheers latest inflation report. But some see trouble ahead for stocks.
- Will stock-market investors panic as debt-ceiling standoff intensifies?
- ‘1.5 billion square feet of office space could become obsolete,’ says Boston Consulting Group
yahoo! finance:
- Treasury yields to rise amid debt standoff: Reuters poll.
- Tesla stock jumps after Musk announces new Twitter CEO.
Disney+ lost 4 million subscribers to its namesake streaming service and predicted a wider loss in that business this quarter. Things are not looking good with the Debt-ceiling standoff also looming.
Global Indexes
S&P 500
Uncertainty remains for the S&P 500 in its sideways channel with another uncertain long-legged doji.
DAX
The DAX is also well intrenched in its sideways channel.
HANG SENG
The HANG SENG is still trading inside its triangle. A breakout is imminent.
NYSE & NASDAQ Stocks
Walt Disney Co
Walt Disney made a breakaway gap downwards from its 200-day moving average resistance into all negative territory.
Alphabet Inc
After breaking resistance Alphabet made a gap with Frontrunner predicting more highs to come.
JSE Stocks
JSE All Shares
The JSE All Shares made a doji sandwich downwards to close on its 50-day moving average support. Frontrunner is still heading down.
Standard Bank Group Ltd
Banks are heading down with Standard Bank the leader of the pack with its 6.1% drop for the day. Notice that Frontrunner was predicting further lows.
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.
