TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- S&P 500 close in the brink of historic 5,000 mark.
- Xi can’t use 2015 playbook to calm China markets.
- Who is China’s new securities regulator, the ‘Broker Butcher’.
MarketWatch:
- Markets are ‘fundamentally broken’ due to passive investing, says David Einhorn.
- Opinion: The bulls are fighting off challengers for control of the stock market.
- Jobless claims fall to 218,000 and show layoffs still very low.
- Arm’s stock soars 20% as chip maker sees ‘signs of recovery’ in its market, raises guidance for the year.
- Pinterest’s stock takes a hit after revenue miss, middling guidance.
yahoo! finance:
- S&P inches toward 5,000 while Disney soars.
- Expedia stock falls sharply on earnings, names new CEO.
- Jobless claims fall more than expected.
The closing candle of the S&P 500 touched its 5,000 mark to close just below it. The futures are currently unsure if we will see a break today?
Global Indexes
S&P 500
The S&P 500 closed with a doji just below its 5,000 mark.
DAX
The DAX is also touching its top resistance with an uncertain high wave candle.
HANG SENG
Investors did not approve Xi’s 2015 playbook to calm markets and caused the HANG SENG to gap down, back in all negative territory.
NYSE & NASDAQ Stocks
Walt Disney Co
Walt Disney was the star of the say with its 11.5% gap gain. Notice where the MACD turned green. Frontrunner is predicting more highs to come as the share price is still way below its previous high of $200.
Paypal Holdings Inc
Although Paypal beat earnings there is concern about competition causing an 81% slide from its previous high. Notice the all dark red Trend Factor.
JSE Stocks
JSE All Shares
The JSE All Shares dropped and is not touching its 50DMA anymore.
Netcare Ltd
Netcare bounced off its positive trend line with a P1 Power Signal. Notice that its Trend Factor is slowly busy turning positive.
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.
