TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Stocks up as Septrember Fed cut seen as ‘Done Deal’.
- JD.com, Kuaishou sink China tech stocks as Walmart sells stake.
MarketWatch:
- Disney taps Morgan Stanley’s Gorman to oversee selection of Bob Iger’s successor.
- Fed set for September rate cut after ‘several’ officials were ready to cut in July, minutes show.
- US job creation slashed by 818,000 and cements case for Fed interest-rate cuts.
yahoo! finance:
- Target may have solved one of retail’s biggest problems: Theft.
- Asian equities to rally on Fed’s dovish minutes.
- Chevron to invest about $989 million in India.
The long-awaited rate cut seems to be finally a ‘Done Deal’.
Global Indexes
S&P 500
The S&P 500 extended its rally in very overbought territory.
DAX
Similar for the DAX.
HANG SENG
The HANG SENG is still held back with strong resistances above.
NYSE & NASDAQ Stocks
Costco Wholesale Corporation
Cost is stalling with a long-legged doji against top resistance in overbought territory.
Advanced Micro Devices Inc
AMD managed to close above its 50 and 200 DMAverages with its latest rally. The rally is only halfway towards analysts’ average prediction of $186.
JSE Stocks
JSE All Shares
The JSE All Shares made a new high close, also in overbought territory.
DRDGold Ltd
We had a selloff in gold shares with DRD closing below its 50 DMA.
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.
