TAGS: Technical analysis software.
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News in Brief
Bloomberg:
- S&P 500 rises almost 2%; Apple down in late hours.
- European stocks cap longest winning run since July on Fed hopes.
MarketWatch:
- Opinion: Apple’s grim streak of revenue declines could continue into the holidays.
- Apple’s stock falls as earnings show another revenue decline, China pressure.
- Starbucks wants to have 55,000 stores by 2030.
yahoo! finance:
- Sam Bankman-Fried found guilty on all counts. He presided over the largest crypto collapse in history.
- Starbucks beats earnings estimates.
- Apple stock falls after outlook overshadows record iPhone quarter
It looks as if Apple is in for a rough ride as its new Mac Laptops aren’t good enough to lift sales. The rest of the markets are speeding ahead.
Global Indexes
S&P 500
The S&P 500 broke its 200 DMA with a gap and closed just below its 50 DMA resistance.
DAX
The DAX is also doing some catching up with a gap.
HANG SENG
Even the HANG SENG launched itself with a 2% gain and a MACD that turned green. There was 5 turning candles before the final gain.
NYSE & NASDAQ Stocks
Tesla Inc
After the hammer candle Tesla made a breakaway gap of 6.2%. We also show on this graph our new divergence power signal that will be released soon.
Home Depot Inc
Even Home Depot made a breakaway gap after its hammer candle that broke the negative trend line. Notice that its MACD has also turned green.
JSE Stocks
JSE All Shares
The JSE All Shares also launched after all the turning candles. Notice the 2 new divergence power signals.
Naspers Ltd
After creating a launching platform with 5 turning candles (see if you can identify them – 4 is easy) Naspers also took off. We also show our new divergence power signal warnings on the chart (yellow arrows).
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.
