TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- Tech slides with eyes on earnings in week ahead.
- $1.4 billion JPMorgan fund bets Asia Chip stocks will catch up to US rally.
MarketWatch:
- Morgan Stanley credits ‘Bidenomics’ is lifting its US economic-growth outlook.
- Everyone thinks the Fed’s rate hike next week will be the final one – except the Fed.
- Rivian’s stock erases pullback, rises toward a 7-month high.
- Tesla bulls say love the stock. Trading data suggest that might not be true.
yahoo! finance:
- Fed decision, Big tech earnings highlight the busiest week of the summer.
- Nasdaq slips, Dow ekes out 10th day of gains.
- Big tech firms sign up to White House’s AI rules.
The market is very cautious and awaits earnings in week ahead.
Global Indexes
S&P 500
The S&P 500 had no movement as investors await more earning results.
DAX
The DAX is also cautious just above its EMA8 line.
HANG SENG
The attempts of the HANG SENG to break resistances failed and it retreated to below its EMA8 line. The hammer candle indicates that we might see another attempt.
NYSE & NASDAQ Stocks
Caterpillar Inc
Caterpillar immediately started to correct with a piercing candle after touching top resistance.
salesforce.com Inc
salesforce.co is still far from top resistance at $311. It is however struggling to break current resistance that was created by a gap in Jan 2022.
JSE Stocks
JSE All Shares
For the JSE All Shares it is wait and see what happens on global markets. It is doing so just above its 50-day moving average.
Pick n Pay Stores Ltd
Pick n Pay scared everyone when it made a gap out of its flag it was forming downwards. It then made two hammer candles that preceded the bounce back into its flag and above its 50-day moving average.
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.
