TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Japanese stocks plunge most since 2020 as BOJ shift rocks market.
- Stocks sink before jobs as tech hit on earnings.
MarketWatch:
- Intel is suspending its dividend as stock heads for worst drop since 2000.
- Opinion: It’s time for Nvidia to replace Intel in the Dow.
- Apple earnings: iPhone revenue beats ahead of ‘compelling upgrade cycle’.
- Amazon earnings: Stock falls as rare revenue miss offsets AWS beat.
- Opinion: Stock market bulls are dangerously close to losing control to the bears.
yahoo! finance:
- Apple beats on earnings despite iPhone sales decline.
- Amazon stock tumbles on weaker sales outlook.
- Buffett offloads more Bank of America shares; sales top $3.8 billion.
- Asian stocks slump most since 2022 as Japan selloff deepens.
We have lots of volatility on markets. Volatility happens at major turning points!
Global Indexes
S&P 500
The S&P 500 fell back to its 50 DMA support. Will it hold this time round? The futures do not think so.
DAX
The DAX followed the Nikkei and turned negative with a strong selloff.
HANG SENG
The HANG SENG made a breakaway gap downwards that broke all support and is back in all negative territory.
NYSE & NASDAQ Stocks
Goldman Sachs Group Inc
GS gave a P2 Power Signal sell with divergence in place. This could also be a start of a potential double top.
Broadcom Ltd
AVGO made the largest turnaround with an 8.5% drop.
JSE Stocks
JSE All Shares
The break of the JSE All Shares must be seen as a false break as it could only stay one day above the break line. It made a negative piercing candle following global markets.
Anglo American Platinum Ltd
It was AMS that had the worst day where its 200 DMA is still acting as resistance.
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.
