TAGS: Technical analysis software.
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News in Brief
Bloomberg:
- Asia shares fall on Fed pause doubts; Aussie slips.
- Wall Street faces ‘reality check’ after big rally.
MarketWatch:
- Stock traders are too bullish. That’s bearish for the markets.
- Intel is leading candidate to get billions for defensive-chip facilities report
- Fed likely to cut rates below 3%, making bonds attractive now, Guggenheim says.
yahoo! finance:
- Stocks close higher to build on big week of gains.
- Asia shares fall as jitters on Fed hikes resurface.
- Tesla to build affordable $27,000 EV.
After the strong rally, jitters on Fed hikes resurface as markets are in overbought territory
Global Indexes
S&P 500
The S&P 500 closed with an uncertain doji on its 50 DMA.
DAX
The DAX made an uncertain high-wave candle and an engulfing bear candle still below its 50 DMA and negative trend line above. It is also in overbought territory.
HANG SENG
After breaking its 50 DMA the HANG SENG fell back to trade on it this morning. This index is also in overbought territory.
NYSE & NASDAQ Stocks
Eli Lilly and Co
Eli Lilly corrected to its $550 level, made a doji in oversold territory, followed by a breakaway gap, a high wave candle now a strong bullish candle on its 50 DMA.
Meta Platforms Inc
Many shares have uncertain candles like Meta’s doji in overbought territory after Fed jitters again.
JSE Stocks
JSE All Shares
The JSE All Shares is also in overbought territory with a smaller body candle on its 50 DMA.
Anglo American Platinum Ltd
Anglo American Platinum is making another attempt to break its long-term negative trend line after making a triple bottom on its R603 level.
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.
