TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Wall Street’s tough August ends with jobs in sight.
MarketWatch:
- Opinion: Stock market bulls are still on top.
- Broadcom stock slips after earnings as forecast fails to bring upside.
- Intel offers an upbeat update, and its stock is gaining.
yahoo! finance:
- Fed’s preferred inflation measure edges higher in July.
- Atlanta Fed’s Bostic favors holding rates.
Some profit taking stepped in after the recent rally.
Global Indexes
S&P 500
Some profit taking stepped in on the S&P 500 ahead of jobs data.
DAX
The DAX made a high wave (indecision pattern) on its 50-day moving average resistance.
HANG SENG
The old long-term negative trend line is still acting as resistance for the HANG SENG as it is trading down from it.
NYSE & NASDAQ Stocks
salesforce.com Inc
salesforec.com made a gap to break its 50-day moving average return, but profit taking also made it close at the lows of the day.
Adobe Systems Inc
Adobe Systems is continuing its positive trend towards its previous high of $700.
JSE Stocks
JSE All Shares
The JSE All Shares also had some profit taking similar to the global markets.
Anglo American PLC
Anglo American is moving positively inside its downwards band. The 50-day moving average (dark blue) shows the direction of the band.
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.
