TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Dollar bulls vindicated in longest run since 2005.
- China stock regulator vows market support after investors meeting.
- China’s chip-gear makers soar as US probe spurs development bets.
MarketWatch:
- The iPhone 15 is coming.
- IRS will pursue 1,600 millionaires who owe back taxes.
- Intel poised as ‘domestic winner’ for semiconductor fabs if US-China trade war gets hotter.
yahoo! finance:
- Stocks rise as Apple halts slide.
- Walmart’s pay changes another sign of easing labor.
Although the US markets closed positive on Friday, we remain in negative territory.
Global Indexes
S&P 500
The S&P 500 still closed below its EMA8 and 50-day moving average lines, busy with leg c of an abc correction.
DAX
The DAX made a very long-legged hammer candle (unconfirmed turning candle) and closed below its EMA8 line.
HANG SENG
The HANG SENG was closed on Friday and opened with a downwards gap today, still building on leg c of an abc correction.
NYSE & NASDAQ Stocks
Apple Inc
Apple is uncertain about its next move with an uncertain doji.
Deere Company
Deere Company is busy completing leg 5 of a 5-leg correction.
JSE Stocks
JSE All Shares
The JSE All Shares made an unconfirmed semi-piercing candle on its R729 support. It will only give confirmation if the global markets do so.
Capitec Bank Holdings Ltd
Capitec broke all resistances after its profit warning to close above its 200-day moving average.
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.
