TAGS: How to analyze shares and stocks
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News in Brief
Bloomberg:
- Asia stocks fall as treasury yields, Dollar higher.
- China skeptics are gearing up for a sudden rebound in stocks.
MarketWatch:
- Boeing 737 Max 9 issue isn’t going away soon.
- Goldman Sachs lists 10 reasons it’s more confident than others about the US economy.
yahoo! finance:
- PwC survey: AI is miracle tech for profit-hungry CEOs.
- Euro stocks slip as officials push back on easing bets.
- Dow Jones futures fall with Boeing, Apple in focus.
With the US markets closed the rest of the global markets eased back with corrections.
Global Indexes
S&P 500
The S&P 500 at top resistance while this market was closed yesterday.
DAX
The DAX has no clue about direction continuing its sideways direction with a negative day. Notice that a P2 Power signal was given 3 weeks previously.
HANG SENG
The HANG SENG is back at crucial support while a rebound is expected at this level.
NYSE & NASDAQ Stocks
Apple Inc
While the US markets were closed, we show the two shares mentioned in the news. Apple closed with an uncertain doji below the negative gap, Trend line and 50 DMA with a red MACD.
Boeing Co
Boeing is accelerating lower. It is now nearing its 200 DMA and in doing so moving into extreme oversold territory. It is now at approximately 50% level its previous bull rally.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower in the absence of US direction.
Sasol Ltd
Sasol did not confirm its P2 Power signal as the strong negative trend line is still in play and acted as resistance. More patience to wait for the trend line break!
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.
