TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks, currencies rise ahead of earnings.
- Dip buyers wade back in to drive Wall Street gains.
- Tech storms back after rout with earnings in Focus.
- Tech rout deepens in Asia as Morgan Stanley says take profit.
MarketWatch:
- Nvidia’s stock gains as analyst says a $2 billion beat could happen this quarter.
- CrowdStrike’s stock extends declines as it draws a downgrade in wake of incident.
- Dow opens higher as bond yields ease following Biden withdrawal.
yahoo! finance:
- China adds 6.98 million urban new jobs in first half of year.
- Google scraps plan to remove cookies from Chrome.
- Computer parts maker Logitech lifts full-year outlook on upbeat Q1 results.
- Nvidia’s cooking up a China-legal version of its new AI chip.
- Coca-Cola expected to see momentum continue in Q2.
You can expect volatility this week as earnings, inflation and Kamala Harris presidency unfolds. The first round is positive.
Global Indexes
S&P 500
The S&P 500 lifted its head to close on its EMA8 line.
DAX
A similar move for the DAX.
HANG SENG
Similar for the HANG SENG still trading just below its EMA8 line. All three indexes are still below their EMA8 lines in short term negative territory.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA bounced off its $118 support with a 4.8% gain. This is happening in oversold territory with a MACD changing color and Frontrunner breaking up.
Estee Lauder Companies Inc
Estee Lauder had a 74% drop to current levels. See a weekly chart to confirm this drop. It is showing the first signs of a turn. From the $96 level to the average analyst estimates of $132 is a 37% potential. If it manages this, it will end at its 200 DMA resistance
JSE Stocks
JSE All Shares
The JSE All Shares made a similar move as the global markets to also close below its EMA8 line.
Sasol Ltd
Sasol bounced off its 50 DMA support in oversold territory.
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.
