TAGS: Technical analysis
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News in Brief
Bloomberg:
- Wall Street gearing up for Fed’s ‘Hawkish Pause’.
- S&P 500 marks 100 days without 1.5% drop, first time since 2018.
- Stocks churn as oil near $95 fuels inflation angst.
- XPeng’s $31 billion gap shows hazy China EV outlook.
MarketWatch:
- Asian markets slip ahead of Fed’s interest-rate decision.
- Opinion: The internet’s future tech investment opportunities are here for the taking.
- Oil extends rise above $90-a-barrel to kick week off.
yahoo! finance:
- Stocks finish flat as Wall Street readies for Fed.
- While the UAW strike rages on, Tesla may be ‘clear winner’.
- Americans spent $71B on social media impulse buys: Survey.
Markets are in anticipation of the Fed’s rate decision.
Global Indexes
S&P 500
The S&P 500 is still inside the wedge it is busy forming.
DAX
Its 50 DMA resistance acted as resistance for the DAX. It followed the US with a selloff to close below its EMA8 line.
HANG SENG
The HANG SENG is flat today with a doji on its 17900 level.
NYSE & NASDAQ Stocks
Caterpillar Inc
Caterpillar is moving sideways with yellow candles as trend candles shows the current direction.
Apple Inc
Apple bounced on its $174 level while waiting for the Fed.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower.
Exxaro Recources Ltd
The rally of Exxaro Recources stalled on its 200-day moving average with a piercing candle.
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.
