TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Tech stocks fall after Oracle results; Euro slides.
- Wall Street takes risk off table before CPI report.
MarketWatch:
- Apple unveils iPhone 15 lineup, increases base price on high-end model for first time.
- S&P 500 sector correlations are low, a welcome sign for 2023 bull market, says Data Trek.
- Hedge funds have bailed on the US consumer in a big way, Goldman Sachs data show.
- The Fed is done raising interest rates, ABA economists say, and the US is poised for a soft landing.
yahoo! finance:
- Inflation expected to tick higher in August as oil prices surge.
- Apple’s iPhone reveals are often a dip buyers dream.
US stocks opened lower yesterday in anticipation of inflation data and new iPhone, but then Oracle’s results kept the slide going.
Global Indexes
S&P 500
The S&P 500 dipped below its EMA8 and 50-day moving average lines again. Similar for the Nasdaq.
DAX
The doji also stalled the positive move of the DAX to close below its EMA8 line.
HANG SENG
The HANG SENG is also uncertain just below its EMA8 line like the other indexes. Notice the uncertain doji of yesterday.
NYSE & NASDAQ Stocks
Oracle Corporation
Oracle stalled with a hammer candle against top resistance and then made the 13.5% correction. Notice that the MACD changed color with the hammer candle before the drop.
JPMorgan Chase Co
JPMorgan Chase is busy breaking its negative trend line. This is happening on a strong support with divergence in place.
JSE Stocks
JSE All Shares
Uncertainty also on the JSE All Shares with a hammer candle still in negative territory.
Sasol Ltd
Sasol has not followed the rising oil price … yet. It is still sitting on its 50-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.
