TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks track US tech-led drop, Yen rallies.
- Stocks tumble as Wall Street gets AI Wake-Up call.
- Meme-stock investors lose millions on a US energy Company takeover.
MarketWatch:
- Stocks see worst wipeout since 2022.
- Boeing to admit to felony fraud in guilty plea tied to 737 Max crashes.
- Election stress isn’t causing people to change their investing strategies – yet.
- Ford saw a $1.1 billion loss in its EV business, dragging Q2 profit well below Wall Street forecast.
- Chipotle’s stock rallies as renewed focus on quicker service helps second-quarter results.
- Tesla’s bad news drag down other EV stocks.
yahoo! finance:
- AI fever cools, sending Nasdaq 100 into $1 trillion tailspin.
- Tesla slides after earnings fall short.
- Ford stock tumbles after big earnings miss.
Stocks tumble after more earnings misses extending the negative route.
Global Indexes
S&P 500
The S&P 500 dropped all the way to its 50 DMA with another negative gap.
DAX
The DAX closed below support and will most probably follow the US lower today.
HANG SENG
The HANG SENG closed below its 200 DMA in all negative territory.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla made a 12.3% downwards breakaway gap. Notice where Frontrunner broke down and the MACD turned red.
Alphabet Inc
The breakaway gap of Google made it drop below its 50 DMA support.
JSE Stocks
JSE All Shares
The JSE All Shares was closed when the late drops in the US happened. It was still uncertain with two high wave candles next to each other.
Anglo American Platinum Ltd
AMS broke its 50 DMA resistance with a 6.7% gain.
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.
