TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- China leads Asia stocks down before Powell remarks.
- Stocks slip as investors worry if rally has legs.
MarketWatch:
- US stocks end lower as investors eye Powell comments Wednesday.
- Virgin Galactic’s stock continues rally, boosted by plans for first commercial flight.
- Elon Musk meets with India’s Modi, hints at Tesla expansion.
yahoo! finance:
- Dow leads stocks lower as market rally cools off.
- Oil prices fall on news from China.
Global markets continued correcting from overbought situation.
Global Indexes
S&P 500
The S&P 500 closed lower but did manage to close above the trend line and at the higher end of the day.
DAX
The DAX however closed below its EMA8 line with an uncertain doji.
HANG SENG
The HANG SENG opened with a gap down and is trading with an uncertain doji on its 200-day moving average.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla is not bothered with all this cooling down and is still heading towards top resistance.
Advance Micro Devices Inc
Advance Micro Devices stalled with an uncertain long-legged doji just above its previous gap. Gaps usually acts as support or resistance.
JSE Stocks
JSE All Shares
After the engulfing bear candle the JSE All Shares made a strong correction to close below its 50-day moving average.
Standard Bank Group Ltd
Banks continued their rally with Standard Bank leading the pack.
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.
