TAGS: Share value analysis.
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News in Brief
Bloomberg:
- Time to short Japan’s ‘Bad Governance’ stocks, Hedge Fund says.
- Near 4,000% surge catapults one tiny biotech firm.
- Wall Street seeks safety amid geopolitical angst.
- Weight-loss drug frenzy cements Novo Nordisk as Europe’s most valuable company.
MarketWatch:
- Oil prices in spotlight as Iran warns of escalation of Israel-Hamas war.
- Israel-Gaza conflict threatens to reawaken US inflation, investors worry.
- The stock market likes to climb a wall of worry – but now that’s crumbling.
- Dividend stocks are dirt cheap. It may be time to back up to backup the truck.
yahoo! finance:
- Global markets brace as Middle East tensions rise.
- Top US bankruptcy judge resigns amid ethics inquiry.
- Nasdaq and S&P 500 sink, Dow edges up.
- Stock bulls embrace yield surge in dangerous Fed bet.
- JPMorgan, big banks show resilience as profits surge.
All global markets corrected on Friday with 50 DMA’s acting as resistances.
Global Indexes
S&P 500
The S&P 500 closed on its EMA8 line correcting 05.%. Notice that we were in overbought territory.
DAX
The DAX had a much more severe correction that took it below its EMA8 line.
HANG SENG
The HANG SENG reversed the gap of 3 days earlier with a downwards breakaway gap to currently trade on its EMA8 line.
NYSE & NASDAQ Stocks
UnitedHealth Group
UnitedHealth is ignoring the correction of the other shares and still heading towards top resistance with a gap.
JPMorgan Chase Co
JPMorgan also moved positively with a gap and large inverted hammer candle to close on its 50 DMA resistance.
JSE Stocks
JSE All Shares
Its 50 DMA also acted as resistance for the JSE All Shares that followed global markets lower.
Shoprite Holdings Ltd
Its 50 DMA also acted as resistance for Shoprite.
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.
