TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Most Asian stocks fall after Big Tech disappoints.
- Tech falls in late hours as earnings underwhelm.
- Chinese stocks slump amid signs national team is pulling back.
MarketWatch:
- Google parent Alphabet scores earnings beat across the board.
- Visa’s stock falls as volume growth slows, but exec says trends are stable.
- Texas Instruments’ stock gains as earnings show company is ‘turning the corner’.
- Opinion: Musk and other billionaires may not like what ‘Trump 2.0’ does to their wealth.
- Tesla Earnings: Stock’s big run to be tested as Wall Street awaits robotaxi news.
yahoo! finance:
- Tesla said its growth rate in 2024 would be ‘notably lower’ than what it achieved in 2023.
- Stock edge lower amid earnings flood.
- Alphabet beats on earnings as cloud business pick up steam.
- Chipotle expected to post big Q2 earnings.
- Spotify stock soars after strong earnings growth.
- Russia considers greenlighting crypto for international payments to bypass sanctions.
We have mixed results with some disappointments causing the futures to be negative.
Global Indexes
S&P 500
The S&P 500 closed below its EMA8 line, remaining in short-term negative territory.
DAX
The DAX made an indecision high wave candle just above support.
HANG SENG
The negative trend for the HANG SENG prevails.
NYSE & NASDAQ Stocks
Amazon.com Inc
Amazon.com attacked its 50 DMA but did not manage to close above it. We do have a frontrunner break and a MACD changing color in oversold territory.
Caterpillar Inc
Caterpillar is also uncertain about direction with a high wave candle and a Log-legged doji next to each other just above its 50 DMA support.
JSE Stocks
JSE All Shares
The JSE All Shares is also making an indecision high wave candle.
British American Tobacco PLC
BTI also stalled with an indecision high wave candle.
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.
