TAGS: Technical analysis software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Japan stocks swing before BOJ, Aussie bonds rally.
- Tech stocks hit as Microsoft down 6% in late hours.
- S&P has peaked for 2024, Bank of America forecasts.
MarketWatch:
- Microsoft’s cloud growth disappoints.
- AMD earnings: Stock climbs as company boosts AI outlook.
- Investors are buying Magnificent Seven bonds again: Is that a signal for the stocks?
- Opinion: Whether the Fed cuts rates or not, inflation is going higher – and so are stocks.
yahoo! finance:
- Microsoft’s stock tumbles after results fall short.
- Nasdaq sinks, Nvidia drops 7% ahead of Big Tech earnings.
- ‘Trump Dump’ is back, and the stocks he targets are crashing.
- Starbucks reports another quarter of declining sales.
- China factory activity shrinks for third month in hit to growth.
- Fed is ‘way late’ to cutting rates: Strategist.
We have a lot of volatility on Markets with some earnings reported and more to come.
Global Indexes
S&P 500
The S&P 500 closed on its 50 DMA, still in a downward trend.
DAX
The DAX‘s volatility also ended with a close on its 50 DMA.
HANG SENG
The HANG SENG is at major crossroads: Just above its 200 DMA, on its EMA8 line trying to break the negative trend line.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA is correcting ahead of earnings closing on its long-term positive trend line. Notice that analysts have a price targets varying from $15 to $200 – They DO NOT know what to expect!
Paypal Holdings
Paypal surprised with its earnings and smashed past all resistances with a large gap. Notice that the average target price is still $74.
JSE Stocks
JSE All Shares
The JSE All Shares remains undecided with a high wave candle this time.
Woolworths Holdings
WHL is making an attempt to break its 50 DMA resistance 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.
