TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- A retail exodus from US stocks points to gains ahead, Babk of America says.
- Citi Quants say the AI-driven tech rally has legs.
MarketWatch:
- Target stock downgraded by KeyBanc Capital.
- Boeing stock drops on warning defect on 787 Dreamliner planes.
yahoo! finance:
- ‘Talk of $100 oil is pie in the sky’: analyst.
- Apple’s Vision Pro needs apps to make it a hit.
Global Markets turned positive but remains below key resistances.
Global Indexes
S&P 500
The S&P 500 must first break its short-term resistance before an attempt at the main resistance of 4300 can be made. Its current trend remains positive.
DAX
The DAX also made a small positive bounce on its EMA8 line.
HANG SENG
The HANG SENG is breaking its 200-day moving average very hesitantly with two doji’s on either side of it. We will have to see if the break lasts.
NYSE & NASDAQ Stocks
Advanced Micro Devices Inc
Advanced Micro Devices made a strong bounce on the gap and positive trend line that acted as support.
Boeing Co
The delay of its 787 Dreamliner planes caused Boeing to make an uncertain long-legged small body candle. It however still managed to close above support below. Safety is now priority at Boeing. Notice the 15 week sideways trading band.
JSE Stocks
JSE All Shares
The JSE All Shares joined global markets with uncertainty of its next move with a hammer candle, still below resistance above.
Pick n Pay Stores Ltd
Pick n Pay is making an attempt to break its long-term negative trend line. It turned at the bottom with strong divergence in place. We are now in the final stages to add this Super Signal to Algomodel Signals Pro … patience!
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.
