TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Tech stocks edge up beneath debt ceiling shadow.
- Traders on alert as Debt-Limit Deadline draws near.
- Apple’s resentless rally puts $3 trillion in view.
- Morgan Stanley says US rally isn’t start of new bull market.
MarketWatch:
- A stock-market milestone: Apple is now worth more than the entire Russell 2000.
- Debt-ceiling talks: Analysts say deal is needed by Friday.
- Biden says he likely has authority to use 14th Amendment on debt ceiling, but it may be too late.
- Opinion: ‘Putting the Treasury on the brink of default is about as dumb as politics gets’.
yahoo! finance:
- Stocks closed mixed ahead of renewed debt talks.
- JPMorgan expects $3B interest income boost from First Republic.
Volatility continues on markets with a flat market yesterday until the debt-ceiling talks are finalized.
Global Indexes
S&P 500
The S&P 500 closed about unchanged with an uncertain small body candle.
DAX
The DAX stalled with an uncertain doji.
HANG SENG
The HANG SENG remains caught between all the resistances with its 200-day moving average still holding as support below.
NYSE & NASDAQ Stocks
Apple Inc
Apple also stalled with an uncertain doji at its all time high.
Eli Lilly and Co
Eli Lilly made an engulfing bear candle with divergence and a MACD that turned red signaling that this large positive trend is over.
JSE Stocks
JSE All Shares
The JSE All Shares is also uncertain with a small body candle below resistance.
Shoprite Holdings Ltd
Shoprite is bouncing at its all time low with divergence in place. We are working on the next super signal that is the very accurate divergence signal with Frontrunner. It looks very promising to show extreme buys and sells!
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.
