TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Stock bulls in charge as S&P 500 extends July gain.
- Hedge funds ‘Throwing in Towel’ on stocks as rally forces unwind.
- Morgan Stanley strategist say US stocks are in a 2019-like rally.
- Hopes run high for Chinese stocks as Beijing targets consumption.
MarketWatch:
- Stocks higher, S&P and Nasdaq notch 5th month of gains.
- Citigroup raises S&P 500 target for 2023 on increased chances of ‘soft landing’.
- Amazon, AMD, Starbucks and Apple to headline earnings news this week.
- Intel offers a ‘breath of fresh air,’ but Wall Street still has concerns about the stock.
- Is AMD ceding ground to Intel? Wall Street will soon find out.
yahoo! finance:
- Stocks rise in run-up to Apple and Amazon , jobs report.
- The 2023 stock market rally got a lot healthier in June and July.
The next big earnings that can have a major influence on markets are: AAPL, AMZN & AMD.
Global Indexes
S&P 500
The most important technical item to watch on the S&P 500 chart is its trend line (dark green).
DAX
The DAX is hesitating with an unconfirmed inverted hammer candle.
HANG SENG
The HANG SENG is currently trading with an uncertain doji way above its trend and EMA8 lines in overbought territory. Hopefully only trending to wait for the trend lines to catch up?
NYSE & NASDAQ Stocks
C3 Ai Inc
Our favorite AI share, C3 Ai made the best gain yesterday. The gain is still inside the flag it is forming and a breakout to the top will most probably see the MACD turn green again. The results are the key!
Adobe Systems Incorporated
Adobe made a gap and is still a long way off its high of $680. Its MACD changed color and is on the verge to turn green.
JSE Stocks
JSE All Shares
The JSE All Shares is extending its positive trend. A very simple system to use is to watch when the MACD turns green and check whether frontrunner confirmed a break earlier. This can be found in Spotlight within seconds.
Woolworths Holdings Ltd
Woolworths has now reached top resistance with its strong rally with no sign of taking profit at this level.
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.
