TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- China’s $77 billion bank rout shows who pays price for rescues.
- ‘Priced for perfection’ stocks stay in tight range.
- Pricey stocks mean typical earnings season boost is unlikely.
MarketWatch:
- Microsoft is cutting more jobs after laying off 10,000 earlier this year.
- S&P 500 could surge 100 points this week on inflation data, says Fundstrat’s Lee.
- Better Therapeutics stock surges on ‘big milestone’ after FDA approves smartphone-based diabetes treatment.
yahoo! finance:
- Biden’s electric vehicle push is doomed to failure, warn carmakers.
- Inflation is about to show a big drop and investors should load up on stocks ahead of this week’s CPI report, Fundstrat says.
Stocks stayed in a tight range with all markets closing positively.
Global Indexes
S&P 500
The S&P 500 made another small body candle and closed on its EMA8 line which is busy moving sideways.
DAX
The DAX reacted more positively with another positive candle, still below its EMA8 line.
HANG SENG
Although the HANG SENG together with Asia Pacific markets are positive this morning, Its EMA8 line is till acting as resistance.
NYSE & NASDAQ Stocks
Enphase Energy Inc
After its 50-day moving average acted as resistance for 4 weeks, Enphase Energy finally broke the resistance with a MACD that also turned green.
salesforce.com Inc
salesforce.com is forming a triangle in a tight range. A share to watch for a breakout.
JSE Stocks
JSE All Shares
The JSE All Shares remained uncertain around its 200-day moving average.
Pick n Pay Stores Ltd
Another share to watch for a breakout is Pick n Pay Stores. It is in a tight range forming a flag.
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.
