TAGS: Tools to analyze stocks
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News in Brief
Bloomberg:
- Tech’s losing streak extends ahead of jobs test.
- Stocks pause new-year selloff; oil extends rally.
- Tencent buybacks hit record as China watchdog roiled markets.
MarketWatch:
- This earnings season will be the first big test of the market’s year-end rally. The forecasts don’t look great.
- Nasdaq logs longest losing streak in over a year, S&P 500 falls for a fourth day to extend the dismal 2024 start.
- Just two weeks after Nike’s profit warning, UK athletic apparel retailer warns of sales slump.
yahoo! finance:
- Stocks slump continues with jobs report on deck.
- Apple hit with second downgrade of week.
- Lyft is a ‘disaster,’ Uber will have a big 2024: Analyst.
The selloff that started this year had a pause for some global markets. The Nasdaq and S&P 500 however continued their slide.
Global Indexes
S&P 500
The S&P 500 only touched its EMA8 line before continuing its slide. It is however moving into oversold territory with an inverted hammer candle.
DAX
The DAX lifted its head slightly still below its EMA8 line. This pause also comes in oversold territory.
HANG SENG
The HANG SENG dipped below our new trend line today before climbing back and is currently trading just above its EMA8 line. Notice the pause with two hammer candles next to each other,
NYSE & NASDAQ Stocks
Merck Co Inc
While most stocks had small movements Merck continued its rocket mode. It is however moving into extreme overbought territory.
Caterpillar Inc
Caterpillar had a pause in its decline after the breakaway gap, but none of the indicators are confirming a turn.
JSE Stocks
JSE All Shares
Even the JSE All Shares had a pause in its decline with a long-legged doji.
Anglo American Plc
Anglo American made its pause with a small bounce, still below all 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.
