TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Asia shares rise on Japan Gains, better China data.
- Wall Street looks past inflation angst before PPI.
- Dip buyers wade back in to fuel Wall Street gains.
- Bonds climb as retail sales fuel dovish Fed wagers.
MarketWatch:
- Dow closes up nearly 350 points, S&P 500 ends at record high as stocks claw back steep losses from earlier this week.
- Coinbase’s stock soars after Crypto platform swings to profit.
- Applied Materials’ stock climbs as company logs earnings beat, sees AI momentum.
- DraftKings’ stock goes south after sport-betting company swings to surprise loss.
- Meta, Apple are squabbling again over advertisers.
- Retail-sales data soothes worries that economic resilience will reignite inflation: economist.
- Jobless claims fall to one-month low of 212,000. Layoffs still small.
yahoo! finance:
- The leading AI chipmaker, NVIDIA, has seen its shares rise by almost 50% this year. Now, the company is spreading that love to other AI firms.
- Fed’s Bostic: It may take ‘some time’ to hit rate-cut threshold.
- Cisco falls as things go ‘from bad to worse’.
Markets recover from inflation data selloff getting a boost from better China data.
Global Indexes
S&P 500
The S&P 500 made a fresh new high close.
DAX
Similar for the DAX. This time with a gap giving more substance to the break.
HANG SENG
Better China data boosted the HANG SENG to trade just below its 2 major negative resistances. this time round we might see a break!
NYSE & NASDAQ Stocks
Tesla Inc
Tesla started to close its exhaustion gap of 2 weeks earlier. Notice that we have a green MACD and a rising Frontrunner.
Deere Company
The disappointment of the day was Deere. Its stock dropped after posting an 11% drop in quarter profit and a cut in profit outlook.
JSE Stocks
JSE All Shares
The JSE All Shares made another hammer candle confirming the previous day’s turning candle.
MR Price Group Ltd
MR Price made a bounce with a P1 Power Signal and a MACD changing color in oversold territory on R161 support.
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.
