TAGS: How to analyze shares
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News in Brief
Bloomberg:
- China gains prop up Asia stocks; Dollar edges down.
- Stocks wobble as investors mull economic threats.
- Palantir’s AI surge hardens resolve of stock’s bears.
- Morgan Stanley’s Wilson says stocks risks rarely been higher.
MarketWatch:
- Opinion: The ‘soft landing’ stock bulls promise is more likely a double-dip recession.
- Recession concerns gaining steam, MarketWatch weekly gauge shows.
- Virgin Galactic’s stock climb more than 6% as company targets Thursday for first commercial flight.
yahoo! finance:
- Nvidia, Snowflake partner for custom generative AI model.
- Federal Reserve’s message to the bullish stock market: We will break you.
- Pfizer sells off after discontinuing weight loss drug.
The news remains negative as stocks struggle to give next clear direction.
Global Indexes
S&P 500
The S&P 500 is still correcting and trading below its EMA8 line. We show our tight negative trend line.
DAX
After touching its 15700 level the DAX closed with a hammer candle in oversold territory. The turning candle needs to be confirmed with today’s move.
HANG SENG
The inverted hammer turning candle of the HANG SENG is confirmed today with a positive move.
NYSE & NASDAQ Stocks
Alphabet Inc
Alphabet is still heading down but entering oversold territory. Time to watch for turning candles.
Tesla Inc
After the engulfing bear candle Tesla started its negative trend line. Notice that its MACD has also turned red.
JSE Stocks
JSE All Shares
The JSE All Shares is also showing turning candles with two long-legged candles on its 200-day moving average. Yesterday’s candle is also a hammer candle.
Prosus NV
Prosus is also showing signs of turning in oversold territory with a long-legged doji.
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.
