TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Wall Street yawns as ‘Not Great, No Disaster’ CPI.
- Property brokers slump with high borrowing costs weighing on deals.
- Nasdaq 100 drops 1% as Apple slides after event.
MarketWatch:
- Stocks rallied after hot inflation data 11 months ago. Don’t expect a repeat, analyst says.
- When will inflation cool to Fed’s 2% target? By late next year, says JP Morgan strategist.
- Gold edges higher as CPI shows biggest monthly climb in over a year.
- Stay upbeat on US stocks, says SocGen, which just boosted its S&P 500 target.
- Fund managers just made their biggest shift ever into US stocks – and out of emerging markets.
yahoo! finance:
- Musk: ‘Perhaps a department of AI’ is needed.
- Stock futures stumble as CPI data comes in hot.
- The Fed will look past inflation uptick, economists say.
- Inflation accelerates as oil prices surge.
Surging oil prices are accelerating inflation. The US futures and Asia, except the Hang Seng, are all positive.
Global Indexes
S&P 500
We have a side-ways market with S&P 500 as its EMA8 moving average (orange line) is moving horisontally.
DAX
The DAX continued its volatility and closed with a very uncertain long-legged doji.
HANG SENG
The HANG SENG is still ticking lower just below its EMA8 line.
NYSE & NASDAQ Stocks
Amazon.com Inc
Amazon.com is busy breaking top resistance in overbought territory.
Netflix Inc
The rally of Netflix stalled with a long-legged doji about 6 weeks earlier. It started its downward path with a breakaway gap and its MACD has now also turned red. Frontrunner also broke down in overbought territory.
JSE Stocks
JSE All Shares
Uncertainty also on the JSE All Shares after the long-legged doji. It tested bottom support again yesterday.
Spar Group Ltd
Spar is lifting its head again after building a 5-day platform on its R96 level. It has lots of lost ground to make up with plenty resistances above.
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.
