TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian shares drop as markets await major events.
- Stocks edge up as ‘Big-to-small’ rotation pauses.
MarketWatch:
- US stocks could face elevated downside risk in coming months, BofA strategist say.
- AI is all over the Paris Olympics, but Google Gemini ad sparks backlash.
- Traders may be jumping the gun once again by betting on aggressive Fed rate cuts.
- Dow slumps as tech rallies to kick off huge week for earnings, data, Fed.
- McDonald’s earnings include a tripple miss, but the stock gains ground.
yahoo! finance:
- S&P 500, Nasdaq inch higher to kick off huge week for markets.
- Microsoft’s fiscal Q4 earnings to provide perspective on AI.
- Investors brace for busy week.
- Alphabet upgraded; Arm downgraded: Wall Street’s top analyst calls.
Markets await major events to decide direction and strategy.
Global Indexes
S&P 500
The S&P 500 closed below its EMA8 resistance line in anticipation.
DAX
The DAX tried to break its 50 DMA resistance, only to close below resistances.
HANG SENG
The resistances for the HANG SENG are also in play.
NYSE & NASDAQ Stocks
McDonalds Corporation
The average target price of MCD has been adjusted to $305. It broke its negative trend line with a 3.7% gain.
Alphabet Inc
After the long-legged doji Google made a P1 Power Signal in oversold territory. It is still below our tight negative trend line in anticipation of results.
JSE Stocks
JSE All Shares
The JSE All Shares is also waiting with global markets with an inverted hammer candle.
Impala Platinum Holdings
IMP also stalled below its 50 DMA 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.
