TAGS: Software for stock market analysis
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Bear market looms for Chinese equities as investors lose faith.
- India reclaims spot as world’s fifth-largest stock market.
MarketWatch:
- Biden, McCarthy finalize debt-ceiling deal, but now must sell it to Congress.
yahoo! finance:
- Stock futures rise cautiously after debt deal.
- Debt deal adds brake on US economy.
- Nvidia debuts AI supercomputer after shares skyrocket.
Chip giant says Israel-1 supercomputer valued at several hundred million dollars is a ‘major investment’ that will boost next-generation AI workloads.
Global Indexes
S&P 500
The S&P 500 was closed. Current chart is how it closed on Friday.
DAX
The DAX made an attempt to break its EMA8 line but closed below it in its old sideways channel.
HANG SENG
The HANG SENG only knows one direction and that is down!
NYSE & NASDAQ Stocks
These markets were closed yesterday.
JSE Stocks
JSE All Shares
The JSE All Shares is unsure about its next move just below its 50-day moving average with a doji. Frontrunner is predicting that the negative move is not complete.
Pick n Pay Stores Ltd
Pick n Pay is lifting its head again in negative territory, but this time with divergence in place. Divergence is our accurate true bottom indicator. Notice that the MACD has also turned green.
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.
