TAGS: How to analyze shares
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News in Brief
Bloomberg:
- Fed traders jack up bets on two hikes by year-end.
- Stocks trim first half rally; Dollar-Yen hits 145.
MarketWatch:
- The Nasdaq-100 is headed for its best first half on record. But rally faces high-stakes test in July.
- Opinion: Bulls have sparked the stock market and July looks set for more fireworks.
- Buy Apple’s stock because its more than just a hardware play, Citi says.
- Nike’s profit miss makes it ‘abundantly clear’ that US economy faces ‘considerable headwinds,’ analyst says.
yahoo! finance:
- Dow leads stocks up amid latest signs of economy’s strenght.
- Nike stock slides after Q4 earnings miss.
It was the DOW that led stocks up with JPMorgan Chase the leader in this sector.
Global Indexes
S&P 500
The S&P 500 moved positively but did not lift off its EMA8 line yet.
DAX
The DAX is still undecided whether it must break the two resistance lines ahead.
HANG SENG
The HANG SENG is also below all its resistance lines.
NYSE & NASDAQ Stocks
JPMorgan Chase Co
JPMorgan Chase blasted off its 50-day moving average with a 3.5% breakaway gap to lead the DOW. We will have to see if it has enough steam left to break strong resistance ahead this time round?
Bank of America Corp
Bank of America also made a breakaway gap to close above its 50-day moving average.
JSE Stocks
JSE All Shares
The JSE All Shares remained uncertain with another hammer candle, this time with a lower shadow leg (more positive).
Glencore PLC
Similar to the index Glencore made a hammer candle on strong support. You can read the meaning of hammer candles in lesson 9 of the educational section.
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.
