TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Global stocks on course for worst week since March.
- Bond yields climb on hawkish Central Bank warnings.
MarketWatch:
- US stocks head for punishment selloff as ‘unknown unknowns’ could drag market lower, analyst warn.
- Stocks have already absorbed the Fed’s rate-hike pause.
- A known Tesla bull is the latest analyst to turn cautious on Tesla stock.
- Virgin Galactic stock drops more than 13% after space-tourism company seeks to raise $400 million.
yahoo! finance:
- Ford prepares for new layoffs for US salaried workers: WSJ.
- Mortgage crisis to wipe out savings of 1.2m households as repayments set to surge.
Although the US market made a small bounce yesterday, Asia stocks are all negative today dragging markets lower.
Global Indexes
S&P 500
The S&P 500 still managed to close above its EMA8 line while other global markets are all negative.
DAX
The DAX is trying to get support at its 50-day moving average with a trend that is still negative.
HANG SENG
The HANG SENG made another gap to break its 200-day moving average downwards. This index is now back in all negative territory below all its important moving averages.
NYSE & NASDAQ Stocks
Alphabet Inc
Alphabet was one of the shares that closed positive, but no other technical indicators are confirming this move.
PepsiCo Inc
Even with all the negative sentiment PepsiCo is attempting to break its 50-day moving average.
JSE Stocks
JSE All Shares
The JSE All Shares is following global markets lower and reached first support with no sign that it will hold.
Growthpoint Properties Ltd
Property shares were amongst the biggest losers on the JSE. Growthpoint corrected up to its negative trend line only to drop sharply from it, back into all negative territory.
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.
