TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- VinFast shares lose $83 billion as world-beating surge reverses.
- Stocks up, yields down as data fuel Fed skip bets.
MarketWatch:
- The Fed’s monetary policy has lost some of its potency and interest rates may need to rise much higher as a result, economist says.
- Nvidia’s stock closes at record high, sending AI-chip maker to $1.2 trillion market cap.
- Apple schedules iPhone 15 launch event for Sept. 12.
- HP’s stock tumbles after mixed results, caution outlook.
- Job openings fall to 28-month low and fewer workers quit as US labor market cools off.
yahoo! finance:
- GM using Google-powered AI chatbots for its OnStar service.
- Stocks rise after job openings fall to lowest since March 2021.
- XPeng links $744m deal with ride-share giant Didi.
The jobs data gave markets a push.
Global Indexes
S&P 500
The S&P 500 broke its 50-day moving average (dark blue) with a large bullish candle to be in positive territory again.
DAX
The DAX also made a bullish candle to close just below its 50-day moving average.
HANG SENG
The HANG SENG opened with a gap today and is also moving positively towards its 50-day moving average. Notice that its MACD turned green!
NYSE & NASDAQ Stocks
NVIDIA Corporation
As mentioned in the news NVIDIA made a strong move and is busy breaking top resistance.
Tesla Inc
It was actually Tesla that stole the limelight with its 7.7% gain to close on its 50-day moving average.
JSE Stocks
JSE All Shares
The JSE All Shares took a breather after the strong bullish day.
Quilter Plc
Quilter is now completing its rather large J-curve. Notice that the MACD never turned red while forming the J-curve.
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.
