TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Hong Kong tech rallies, Yen hits three-week high.
- Tech jumps in late hours on Apple’s solid outlook.
- Fed flags lack of inflation progress but signals hikes unlikely.
MarketWatch:
- Apple earnings feature $110 billion buyback boost and China upside, sending stock 6% higher.
- Micron, GM join Big Tech on list of 20 biggest winners this earnings season.
- Opinion: Intel and Microsoft are on different paths to profit from AI. One will be right.
- Fed’s Powell keeps the door open for a July rate cut.
yahoo! finance:
- Apple CEO Tim Cook boasts of future AI plans after earnings beat.
- Wall Street cheers Apple earning’s as sales fall less than expected.
- Berkshire Hathaway board pegs Buffet’s eventual replacement.
- Gold heads for worst weekly run since February on rate outlook.
- Stocks climb as Fed rate-hike fears fade.
Apple gave a surprise earnings beat for Wall Street that boosted markets.
Global Indexes
S&P 500
The S&P 500 made an inverted hammer and hammer candle next to each other alerting to change of direction while its EMA8 line is still moving sideways.
DAX
The DAX was also uncertain about direction with a small body candle sitting on support.
HANG SENG
The HANG SENG is not uncertain about direction as it opened with a gap playing catchup to the rest of the world.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA is hanging around its 50 DMA resistance while it has not reported earnings yet.
Deere Company
Deere bounced off strong support to close just below its negative trend line.
JSE Stocks
JSE All Shares
The JSE All Shares was very uncertain about what happens next with a long upper shadow doji, waiting to see what happens in the US.
Spar Group Ltd
Spar is making a W formation with its upward trend that should play out at its 200 DMA resistance. It will be back in all positive territory if it breaks this resistance.
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.
