TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Stocks rally as data show US economy is holding up.
- Bavarian Nordic, other health stocks jump on Mpox concerns.
MarketWatch:
- S&P 500 erases August losses as ‘irrational recession fears’ fade.
- Chipotle lost its CEO to Starbucks – but gained a wave of retail stock investors.
- Walmart earnings: Stock rises to a record as earnings show consumer resilience.
- Deere’s stock climbs after earnings sweep past lowered estimates.
yahoo! finance:
- Food prices, mergers part of the focus of Harris’s economic vision.
- S&P 500, Nasdaq rally fully recoup losses from recent sell-off.
- Japanese stocks head for best week in 4 years as receding growth fears lift markets.
You only see green gains on all world markets with the Nikkei 225 the winner with its +2.92%, followed by the Nasdaq’s +2.34%.
Global Indexes
S&P 500
The S&P 500 broke its 50 DMA resistance with a gap.
DAX
The DAX will test its 50 DMA today after closing just below it.
HANG SENG
The HANG SENG is lifting off its 200 DMA support and currently trading just below its 50 DMA.
NYSE & NASDAQ Stocks
Deere Company
Deere made a breakaway gap to swoop past its lower price target of analysts. It broke its 50 DMA.
Broadcom Ltd
AVGO is back in all positive territory after breaking its 50 DMA and negative trend line.
JSE Stocks
JSE All Shares
The JSE All Shares is also following global markets higher.
Standard Bank Group Ltd
SBK broke its top resistance with a 6% 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.
