TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Stocks fall as tech rally halts, oil prices gain.
- PayPal’s 80% stock plunge hasn’t soured Wall Street.
- Morgan Stanley expects a shock 16% US profit drop to kill rally.
- Morgan Stanley strategist sees European stocks falling 10% this summer.
MarketWatch:
- Opinion: Vision Pro could be Apple’s biggest hit since iPhone, but that won’t be known for years. ($3,499 a headset)
- Apple announces you’ll no longer need to say ‘Hey, Siri’ to get the virtual assistant’s help.
yahoo! finance:
- Asian stocks edge down as Wall Street rally pauses.
- Microsoft to pay $20 million to settle US children’s privacy suit.
- Crypto shares tumble amid Binance SEC lawsuit fallout.
All Apple’s announcements stole the limelight yesterday as the tech rally halted. Is it worth spending $3,499 for an Apple Vision Pro headset?
Global Indexes
S&P 500
The S&P 500 took a breather as the tech rally halted.

DAX
The DAX also took a breather but managed to close above its EMA8 line.

HANG SENG
Asia Markets are all positive today with the HANG SENG busy breaking its 200-day moving average.

NYSE & NASDAQ Stocks
Advanced Micro Devices Inc
Advanced Micro Devices halted its week’s correction on the gap that was created 7 days previously. We will have to see if the gap will act as support, or whether the open window will be closed?

Estee Lauder Companies Inc
After the large breakaway gap, Estee Lauder knows only one direction and that is down. Not a pretty picture for this share.

JSE Stocks
JSE All Shares
The JSE All Shares also stalled below its 50-day moving average with global markets.

Investec PLC
Investec stalled with a hammer candle at two strong resistance lines. A break of both lines will be very 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.