News in Brief Bloomberg: Tesla’s loyal retail fan club set to rev up stock’s recovery. MarketWatch: Shanghai starts coming back to life as COVID lockdown eases. Australia’s economy grows strongly in Q1, but outlook appears bumpier. HP sales, earnings beat estimates despite ‘volatile macro environment’. Markets took a breather as they are in overbought territory. […]
Global Markets took a Breather Read More »
Divergence is typically used by technical traders when the price is moving in the opposite direction of a technical indicator. The purpose of divergence is to accurately identify bottom and top turns of the market. Frontrunner is best suited for this purpose. Frontrunner is a proprietary technical signal of Algomodel and is only available in
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News in Brief Bloomberg: ‘Stocks trim gains as inflation concerns increase.’ MarketWatch: ‘EU leaders agree to partial embargo on Russian oil.’ U.S. Markets were closed for Memorial Day. Global Indexes CAC 40 As the U.S. Markets were closed, I show the CAC 40. This market also broke its negative trend line and 50 day moving
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News in Brief Bloomberg: ‘Stocks notch their best week since November 2020.’ MarketWatch: ‘Dow finally bounced – and what will it take to convince investors it’s for real?’ MarketWatch: ‘Markets reversed their losing streaks. The Fed might avoid inflicting more pain.’ Yahoo: ‘Cash is still trash – Billionaire Ray Dalio says keeping money in a
Best Week since November 2020 Read More »