TAGS: Software for stock analysis
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Bond yields rise on bets Fed ‘Not Rushing’ to ease.
- China stocks’ lost decade means an uphill battle to regain trust.
- Tesla poised for 550% gain, says fund manager unfazed by wipeout.
MarketWatch:
- Is an inflation shock coming? Wall Street is on guard.
- Core PCE inflation rises at slowest rate since spring 2021.
- Stocks finish mostly lower as S&P 500, Nasdaq snap 6-day winning streak.
- Borrowing frenzy sparked by Fed pivot party leaves out ‘forgotten’ companies that owe $500 billion.
yahoo! finance:
- Airline execs say Boeing needs to be held ‘accountable’.
- Stocks close flat but score winning week.
- The Fed just got the inflation reading it wanted.
The regulations imposed on stocks in China that were later withdrawn will take a long time to regain trust in their market. It was the Euro stocks that stole the limelight on Friday: FTSE 100 +1.4%, CAC 40 +2.28%, Euro Stoxx 50 +1.16%.
Global Indexes
S&P 500
The S&P 500 closed flat with a doji.
DAX
The DAX was edging higher towards its top resistance at 17000.
HANG SENG
Nothing inspiring on the HANG SENG chart when you read all the notes we added. The latest redrawn of regulations only lasted for a day as trust is broken. Markets do not like uncertainties of what comes next? The index however did make a bounce today with all Asia indexes positive.
NYSE & NASDAQ Stocks
Broadcom Ltd
The P1 Power Signals on the chart of AVGO is pretty accurate. The latest signal came with an engulfing bull candle in overbought territory and a MACD changing color followed by a breakaway gap downwards. This is a very simple system explained in our education section on our website. This is a share to add to your watchlist for the next turn.
Tesla Inc
Another share to watch is Tesla. The P2 Power signals of this share is also very accurate. We would prefer to get a P2 Power signal for a turn, but a good candle combination together with a P1 signal will also be good. Patience !!!!
JSE Stocks
JSE All Shares
The JSE All Shares was following Euro markets higher. It broke its 50 DMA resistance to close on its 200 DMA.
Sasol Ltd
Sasol made 4 turning candles next to each other but its poor results are keeping the price below its long-term negative trend line. Its P2 power signal more than a week ago was also not confirmed due to the poor results but a gaining oil price might just give some steam to a turn.
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.
