TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Big tech powers stock gains in run-up to jobs data.
- AI stock rally stalls as Nvidia drops back below $1 trillion.
MarketWatch:
- U.S. Senate approves debt-ceiling bill in 63-36 vote.
- Americans expect inflation to stay painfully high. That’s good news for stocks.
- Target’s stock, on its longest losing streak in 23 years, downgraded by JPMorgan.
- Salesforce’s stock slumps as earnings show tech giant is ‘no longer a growth software company’.
yahoo! finance:
- Nvidia’s CEO Jensen Huang urged businesses and workers to take advantage of A.I. to “supercharge” their performance.
- Senate aims for quick passage of debt bill as ‘X-date’ nears.
Global markets turned positive after the latest slump with the debt-ceiling problem now out of the way.
Global Indexes
S&P 500
The S&P 500 bounced on its EMA8 line to attack top resistance again.
DAX
The DAX bounced on its 50-day moving average that acted as support.
HANG SENG
A breakaway gap for the HANG SENG broke its short term negative trend line. All markets turned positive.
NYSE & NASDAQ Stocks
NVIDIA Corporation
After a two-day slump NVIDIA bounced back with a 5.1% gain.
Boeing Co
After Boeing bounced on its strong support with divergence in place it started its positive trend. It has now broken its medium-term negative trend line with a MACD that is green.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets positively with a piercing candle. Notice the divergence that was in place marked with purple lines.
Investec PLC
Spar was again the biggest loser of the day with Investec the biggest gainer. The price bounced on its 200-day moving average and then broke its 50-day moving average with a breakaway gap.
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.
