TAGS: Stock market analysis made easy.
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Asian futures muted as Nvidia fuels tech concerns.
- Tech hits stocks as Nvidia extends selloff.
- India’s $11 billion Quant Mutual Fund faces regulatory inquiry.
MarketWatch:
- Nvidia’s stock enters correction territory less than a week after hitting high.
- Opinion: Even the bulls are getting trampled by the tech-sector-heavy US market. A melt-up could be coming.
- BARRON’S Chipotle’s stock split is first for the restaurant chain. It will be a big one.
yahoo! finance:
- Nvidia’s slump has wiped away billions in value days after it became the world’s most valuable company.
- Musk won his Tesla pay battle. Now he has to win the legal war
- Stocks edge higher to start last week of Q2.
We entered the last week of June to close the half year Q2 results with Nvidia’s slump causing uncertainties.
Global Indexes
S&P 500
The S&P 500 closed with an inverted hammer but still managed to close above its EMA8 line.
DAX
The DAX moved positively to close just below its 50 DMA.
HANG SENG
Despite poor earnings the HANG SENG is still flirting with all its resistance lines and currently trading on its EMA8 and 50 DMA lines.
NYSE & NASDAQ Stocks
NVIDIA Corporation
Nvidia’s correction is dominating the markets. Notice that the correction started with a P2 Power Signal that was activated with divergence in place.
Exxon Mobil Corporation
XOM broke its short-term negative trend line and is now well on its way to test its 50 DMA resistance.
JSE Stocks
JSE All Shares
The GNU deadlock uncertainty is influencing the JSE All Shares. When all uncertainties are out of the way this market will give new direction.
Northam Platinum Holdings Ltd
We showed previously when NPH made its turn. It also closed just below its 50 DMA as last resistance. Notice that the past week’s gain was 17.6%.
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.
