TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Stocks up again in ‘Bad news is Good news’ world.
- China stocks edge higher as banks weigh cut to mortgage rates.
MarketWatch:
- A stormy September for US stocks may lie ahead.
- Shopify’s stock pops after latest Amazon collaboration.
- Salesforce ‘very thirsty’ to be AI CRM leader, Benioff says following strong outlook, improved margins.
yahoo! finance:
- Salesforce beats on revenue and outlook, stock pops.
- Google is bringing its generative AI search to India, Japan.
- Stocks extend winning streak after GDP growth revised lower.
Stocks extended their winning streak for fourth day of straight gains. Many major indexes are just below their 50-day moving averages which are still acting as resistances.
Global Indexes
S&P 500
The S&P 500 had its 4th day of straight gains.
DAX
Its 50-day moving average is still acting as resistance for the DAX.
HANG SENG
Our old long-term negative trend line is still acting as resistance for the HANG SENG.
NYSE & NASDAQ Stocks
salesforce.com Inc
salesforec.com closed just below its 50-day moving average. Notice that Frontrunner turned green. We also show where Frontrunner divergence gave a buy signal. We are currently working on this power signal to include it more easily in the program and scans.
Micron Technology Inc
Micron Technology made a breakaway gap on its long-term positive trend line and is now shooting past its 50-day moving average with a MACD that turned green.
JSE Stocks
JSE All Shares
The JSE All Shares also extended its positive trend. Its MACD is on the edge of turning green.
Bid Corporation Ltd
After trading in a sideways band for 10 weeks, Bid Corporation made a strong positive bounce to close on the top resistance of this band with a MACD that turned green. All indications are there that we will see a break to the top.
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.
