TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks rise ahead of US CPI, Kiwi slumps.
- Stocks rally in countdown to CPI as US yields sink.
- Stocks climb after PPI as Starbucks surges 20%.
MarketWatch:
- The bull market in stocks can continue despite a brutal start to August.
- Traders see big drop in interest rates into 2025, at risk of underestimating inflation.
- Stock-market accelerate upward as PPI report shows July inflation cool-down.
- Wall Street’s take: July’s muted PPI report is latest good news for markets.
yahoo! finance:
- Stocks rally as cool inflation data sets table for CPI.
- Starbucks replaces CEO with Chipotle’s Brian Niccol.
- US producer prices rise less than forecast as inflation cools.
- Boeing discovers new set of problems in its 737s.
The latest PPI shows that inflation is cooling in the US. This gave markets a boost and sets table for CPI.
Global Indexes
S&P 500
The S&P 500 bullish climb progressed to close just below its 50 DMA.
DAX
The DAX managed to close above its EMA8 line.
HANG SENG
The HANG SENG is struggling to get new direction away from its 200 DMA resistance. It is moving sideways on the moving average .
NYSE & NASDAQ Stocks
NVIDIA Corporation
We showed yesterday that NVIDIA is recommended as the top rebound stock. It is doing just that with a MACD that also turned green.
Estee Lauder Companies Inc
We now have a confirmed P2 Power Signal for EL with a 6.6% gain, more than NVDA. The divergence is shown with the purple lines and its MACD also changed color.
JSE Stocks
JSE All Shares
The JSE All Shares took the positive rout after the indecision high wave candle.
British American Tobacco PLC
BTI is still building its flag without a break yet.
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.
