TAGS: Technical analysis software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Stocks halt big rally driven by ‘Momentum Guys’.
- S&P 500 spikes to notch its longest rally in 2024.
MarketWatch:
- The stock market is entering the most volatile period of the 2024 presidential election year.
- Elon Musk’s $44 billion Twitter purchase ranks as worst deal for banks since the financial crisis: WSJ.
- Wall Street investors look beyond tech for next phase of stock market’s rally.
- AMD’s stock is set to extend gains as its splashy AI deal draws cheers.
yahoo! finance:
- Americans looking for jobs at highest rate in 10 years.
- S&P 500, Nasdaq snap longest winning streak of 2024.
- Only a matter of time until gold reaches $3,000: Strategist.
After the longest rally in 2024, the markets took a breather… waiting for the FED.
Global Indexes
S&P 500
The S&P 500 took a breather with an indecision high wave pattern.
DAX
The DAX took a breather with a negative piercing candle.
HANG SENG
The HANG SENG did not manage to close above its 50 DMA resistance. It dipped down to its EMA8 line. We adjusted our long-term negative trend line to include the latest peaks.
NYSE & NASDAQ Stocks
Eli Lilly and Co
After touching its high LLY also took a breather to close lower down.
Home Depot Inc
HD continued its rally with an engulfing bull candle.
JSE Stocks
JSE All Shares
The JSE All Shares rally also stalled with an uncertain doji.
Impala Platinum Holdings Ltd
IMP stalled with an indecision high wave pattern on resistances. Frontrunner and the MACD shows no signs of a turn.
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.
