TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- Powell has stopped handing gifts to Wall Street on Fed day.
- European stocks decline as LVMH earnings roil luxury sector.
- China’s fragile stocks show Beijing needs to act fast on pledges.
MarketWatch:
- Fed no longer sees a recession.
- Fed raises interest rates to 22-year high and signals it is prepared to do more.
- Mastercard moves to stop cannabis purchases with its debit cards.
- Chipotle stock drops nearly 9% after earnings as company says inflation hit popular menu items.
- Samsung manages to beat on earnings despite 84% drop in Q2 net profit.
- Meta’s stock jumps after AI, ad momentum drive earnings, revenue jump.
- Alphabet earnings remind Wall Street of Google’s AI prowess.
yahoo! finance:
- Fed decision: Economists react to rate hike that didn’t ‘rock the boat’.
- Meta stock ‘deserves to go higher’ following earnings beat: Analyst.
Markets were very cautious in the US before the Fed announcements and traded mixed with more earnings results.
Global Indexes
S&P 500
The third day of this big week was a cautious day for the S&P 500.
DAX
The DAX had a big scare to drop all the way to its 50-day moving average, only to bounce back and close on its EMA8 line.
HANG SENG
The HANG SENG broke its last resistance with another gap. This index is now back in all positive territory.
NYSE & NASDAQ Stocks
Boeing Co
After the long-legged doji Boeing zoomed into positive territory with a gap. Frontrunner is predicting more highs to come, the MACD turned green and its sideways top resistance is broken.
Alphabet Inc
Never ignore breakaway gaps! Alphabet made a breakaway gap 2 days ago (insider information) and now zoomed past its $129 resistance with a 5.6% gain and another gap. This turned its Trend Factor back to green.
JSE Stocks
JSE All Shares
Similar to the S&P 500 the JSE All Shares hesitated with a zero gain. It did so with a long-legged doji.
Clicks Group Ltd
Clicks was boss on the JSE with its 4.7% gain. Frontrunner is predicting more highs to come with a green MACD.
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.
