TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Stocks rise on bets Fed is ready to take a break.
MarketWatch:
- China’s central bank cuts key policy rate for first timein nearly a year.
- Fed skips June interest-rate hike, but points to two more increases this year.
- Citigroup says Q2 markets revenue is down 20%, as debt-ceiling drama spooked investors.
yahoo! finance:
- Fed decides to pause.
- EU wants Google to break up online ad-tech business.
Markets were very hesitant before the Fed’s announcement with volatile uncertain moves.
Global Indexes
S&P 500
The S&P 500 closed with a high wave indecision pattern in anticipation of the Fed’s announcement.
DAX
The DAX was more positive and closed on its top resistance.
HANG SENG
The HANG SENG has now reached its 50-day resistance very hesitantly.
NYSE & NASDAQ Stocks
NVIDIA Corporation
All the hesitation in markets did not bother NVIDIA. It smashed top resistance with a 4.8% gain. Notice that the MACD never turned red during the pause.
Mastercard Inc
Mastercard made a similar indecision high wave candle on its 50-day moving average. Frontrunner is still ticking positively.
JSE Stocks
JSE All Shares
The JSE All Shares hesitated with the US markets with a small body candle.
Kumba Iron Ore Ltd
No hesitation for Kumba Iron Ore as it continued with its strong trend. Even its trend factor turned positive again.
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.
