All major indexes took a dive after inflation data in the US was the worst in 40 years. Bloomberg: ‘It’s a reality check’: Wall Street reacts to inflation data BofA survey shows investors fleeing equities en masse on fear of recession MarketWatch: The hottest US inflation in 40 years shows little sign of cooling off […]
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All major indexes are above their 50 day moving averages, except for the Hang Seng that is also moving positively, but still below resistances. Bloomberg: US inflation data will determine if stock rally continues Apple rallies most since May on strong iPhone pre-order data US economy is a safer bet than ‘dire’ Europe, Goldman strategist
Global Markets moving Positively Read More »
The technical analysis by Algomodel Pro gave the strong shares to invest in for the turn. We also prefer large-cap stocks as suggested by MarketWatch. Spotlight shows all the gaps, signals and best performing shares to invest in. The Hang Seng is closed today, but other markets in the East are all moving strong positively.
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Markets made a strong comeback to attack first hurdle resistances Bloomberg: Duetsche Bank strategists see risk of US stocks sinking 25% Prosus cuts Tencent stake in latest pullback from Chinese firms MarketWatch: Yellen pledges to target high-earning Americans in bid to keep U.S. finances on ‘sound footing’ Traditional TV ‘is marching to a distinct precipice,’
Positive Markets attack First Hurdle Read More »
Bloomberg: Asia stocks tumble to lowest since May 2020 on strong Dollar pain Goldman strategists warn stocks yet to make ‘Decisive’ low MarketWatch: Apple’s satellite plans just sent this stock on a wild ride Apple keeps iPhone prices the same, offers free satellite connection for 2 years The US markets made a strong bounce out
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Bloomberg: Stocks drop to lowest since July on fears Fed will stay hawkish Morgan Stanley’s Wilson sours on earnings amid growth woes European stocks, Euro sink as energy woes worsen MarketWatch: Bad news for stocks: Fed will be surprised how hard interest-rate hikes hit economy, says BlackRock Bill Ackman says stocks will soon be a
Negative Moves Continue for Global Markets Read More »
Bloomberg: European Stocks, Euro Sink as energy woes worsen MarketWatch: Kremlin says sanctions to blame for halting natural-gas supply to Europe Quant funds poured nearly $1 billion into Warren Buffett’s Berkshire Hathaway last quarter After the selloff on Friday, the current futures are positive for a bounce in the U.S. Global Indexes S&P 500 This
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Bloomberg: BofA sees cracks finally forming in traders’ S&P 500 bearishness Brace for ‘Recession Shock’ as outflows rock equities, Bank of America says MarketWatch: U.S. economy creates 315 000 jobs in August. Labor market maintains strength Dow down 338 points at close on Friday session marked by 845-point intraday swing yahoo! finance: Stocks tumble into
Intraday Selloff ahead of Holiday Weekend Read More »
Bloomberg: Ryan Cohen exits entire Bed Bath & Beyond stake, Drives 27% drop MarketWatch: JP Morgan quant who called summer rally says there’s plenty of ammunition to drive stocks higher Evidence for a new bull market in stocks is rapidly piling up I am away for 2 weeks and will do the next market review
Hesitation at Resistances Read More »
Bloomberg: Fed officials saw need to slow rate-hike pace ‘at some point’ MarketWatch: U.S. stocks end lower as investors weigh fed minutes, retail sales Stock-market rally faces key challenge at S&P 500’s 200-day moving average Australia’s jobless rate falls to a fresh 48-year low The key challenge remains for the S&P 500 to break its
Key Challenge for Stock-Market Rally Read More »