TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Tech giants slide in late trading after earnings.
- China markets show pressure is growing for Beijing to do more.
MarketWatch:
- Microsoft earnings beat easily.
- Alphabet’s stock dips because advertising was good, but not good enough.
- Tesla expects to spend over $10 billion on next-gen vehicles, AI products and other projects this year.
yahoo! finance:
- Microsoft beats earnings on AI, cloud strength.
- Alphabet stock takes a hit after earnings miss.
- GM reports bullish 2024 profit outlook.
- AMD stock dropped after reporting weaker guidance than expected.
As the Big Tech earnings take focus the Nasdaq slips.
Global Indexes
S&P 500
The S&P 500 was not influenced as much as the Nasdaq with the big tech results. It did however close with an uncertain doji.
DAX
The DAX is now touching its top resistance of 17000 in overbought territory.
HANG SENG
The HANG SENG remains in all negative territory.
NYSE & NASDAQ Stocks
Bank of America Corp
Bank of America is extending its latest bull trend with a second gap. In doing so it broke resistance and its MACD turned green.
Exxon Mobil Corporation
Exxon Mobil is well on its way to test its 200 DMA above.
JSE Stocks
JSE All Shares
The JSE All Shares remains between its 50 and 200 DMA’s uncertain which one to break.
Shoprite Holdings Ltd
Shoprite bounced off its 50 DMA and is on its way to test its top resistance of R277 again.
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.
