TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Tech giants, Yields tick up in choppy session.
- China market turmoil amps up pressure for policymakers to act.
MarketWatch:
- Opinion: Now’s the time to own dividend-paying stocks.
- China-focused ETFs drop as country’s property woes highlights ‘recession risks in China are real’.
- Netflix starts testing videogames on TVs and computers.
yahoo! finance:
- New PayPal CEO Alex Chriss ‘is a good fit,’ analyst says
- Tesla slashes prices again in China.
Tech giants made a bounce to lift markets.
Global Indexes
S&P 500
The S&P 500 bounced on its long-term support in oversold territory to close on its EMA8 line.
DAX
The DAX also made a bounce that touched its EMA8 line. The EMA* and short term trend lines are still acting as resistance.
HANG SENG
The HANG SENG remains in trouble below all resistances until policy makers act.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA made the strongest bounce on its positive trend line in oversold territory to close on its short-term negative trend line. We will have to see if the momentum today can break it.
Advanced Micro Devices Inc
Advance Micro Devices also made a strong bounce on strong support.
JSE Stocks
JSE All Shares
The JSE All Shares dropped below its 50-day moving average to close just above its 200-day moving average. We will most probably get a bounce on this support today if this index follows the US.
Impala Platinum Holdings Ltd
Impala Platinum took the biggest hiding on the JSE. It remains in all negative territory with a poor Trend Factor of -38.5.
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.
