TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- US 10-year yield hits 4% as BOJ worry lifts Yen.
- Meta claws back to pre-crash levels on strong results.
- China tech stocks on brink of bull market on stimulus hopes.
MarketWatch:
- DOW snaps its longest winning streak since 1987 as strong second quarter GDP rattles investors hoping for rate cuts.
- Opinion: You can still run with the stock market’s bulls, but watch the exits.
- Ford revenue jumps 12%, but stock dips as Wall Street spooked by shifting EV production goal.
- Intel stock rallies after earnings show AI data-center beat, strong PC sales.
- Nvidia gets more good news from Big Tech, even as AI spending ‘may not lift all boats’.
- Chip-equipment suppliers rally after Lam says AI servers will drive growth.
yahoo! finance:
- Stocks erase early jump as DOW ends winning streak.
- US economy grows at a faster pace than expected in Q2.
US Markets erased early jump as second quarter GDP data rattled investors.
Global Indexes
S&P 500
All the US indexes made an engulfing bear candle similar to the S&P 500. It closed on its EMA line and we will have to see if support gets broken today.
DAX
The DAX had a strong day, but we will have to see if it falls back today following the US.
HANG SENG
The HANG SENG corrected back today to close the open window (gap) of yesterday but is currently trading at the highs of the day.
NYSE & NASDAQ Stocks
Micron Technology Inc
The negative sentiment did not bother Micron Technology that made a large gap. Frontrunner predicts more highs to come.
Goldman Sachs Group Inc
The engulfing bear candle can also be seen on the graph of Goldman Sachs. We will have to see today if this candle gets confirmed.
JSE Stocks
JSE All Shares
The JSE All Shares was only open while the US was still positive and thus followed the positive trend. It broke its long-term negative trend line.
Woolworths Holdings Ltd
The positive trend of Woolworths has taken it close to its top resistance of R80. We will not be surprised if we get a downward bounce from these levels, but no sign yet.
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.
