TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Wall Street braces for ‘Reality Check’ from Powell.
- Nvidia eyes return to record as AI spending bonanza continues.
MarketWatch:
- Target closed crime-prone stores, and it appears to have paid off.
- Powell’s Jackson Hole speeches tend to lift stocks – but when they don’t, the drop is a doozy.
yahoo! finance:
- Nvidia CEO Huang sells $14 million in stock almost daily.
- Stocks, bonds fall as traders rethink Fed velocity.
- Nasdaq leads stock slide as Wall Street braces for Powell speech.
We had a selloff ahead of Powell speech. Keep in mind that we were in extreme overbought territory.
Global Indexes
S&P 500
The S&P 500 made an engulfing bear candle together with Frontrunner breaking down and the MACD changing color. Investors are taking profit ahead of Powell speech.
DAX
The DAX made an inverted hammer in overbought territory.
HANG SENG
The HANG SENG made a first attempt to break strong resistances above, only to open below them today.
NYSE & NASDAQ Stocks
Tesla Inc
The graph of Tesla mirrors that of the index with the same signs.
Novo Nordisk As
The only share that made a positive gap on the US markets was NVO. Even this share made an indecision high wave candle.
JSE Stocks
JSE All Shares
The JSE All Shares also mirrored the same signals as the S&P 500. This index made an inverted hammer candle.
Sasol Ltd
Sasol broke its 50 DMA with a 6.3% gain. Notice that its MACD turned green.
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.
