TAGS: Technical analysis software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Japan leads gains in Asian stocks before Powell.
- S&P 500 ekes out gain to notch 35th record in 2024.
- Bank’s hedges are cheap before the start of the earnings season.
- Bearish signs intensify for Chinese stocks ahead of third plenum.
MarketWatch:
- AMD and Intel shares have lagged this year. Rebound could be in store.
- Stocks likely headed for a 10% pullback in the third quarter, Morgan Stanley’s Wilson warns.
- Stock-market breadth may have already peaked with investors ‘sniffing out economic weakness’.
yahoo! finance:
- S&P 500, Nasdaq eke out fresh records with Powell on deck.
- Asian shares track Wall Street higher, markets hope for dovish stance from Powell.
- Boeing’s guilty plea could cause the stock to rebound: Analyst.
Markets are holding their breath for Powell. His stance will determine the next trend direction.
Global Indexes
S&P 500
The S&P 500 closed with an uncertain doji in anticipation of Powell.
DAX
The DAX is very unsure with a long-legged doji sitting on its 50 DMA. Notice the two long upper shadow candles next to each other.
HANG SENG
The HANG SENG continues its negative trend nearing long term support below. Notice the red gaps that paved the negative trend.
NYSE & NASDAQ Stocks
Intel Corporation
Intel made a break away gap after breaking its 50 DMA. The average target price is still $36 by analysts.
Advance Micro Devices Inc
AMD is now playing catchup after JP Morgan’s analyst that degraded this share was fired. Notice that Frontrunner is predicting more highs to come.
JSE Stocks
JSE All Shares
The JSE All Shares is also uncertain about its next move with a doji.
Satrix 40 Portfolio
The Satrix 40 Portfolio is also uncertain with an indecision high wave candle against top 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.
