TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Stocka rally as Powell ‘locks in’ a September cut.
MarketWatch:
- Fed chief Powell signals that weak August jobs data could lead to half-point rate cut.
- Jackson Hole news: Powell says ‘time has come’ to soon begin reducing interest rates.
- Can Nvidia’s stock hit a high after earnings? Options market says it’s unlikely.
yahoo! finance:
- Longtime investors’ fears Tesla’s ‘best days’ are in rear-view mirror.
- Apple targets Sept 10 debut for new iPhones.
Nvidia’s earnings, due this week, are expected to have implications for investor sentiment across the broader market. Analysts have no clue what to expect?
Global Indexes
S&P 500
The S&P 500 advanced closer to its previous high after Powell speech.
DAX
Similar for the DAX.
HANG SENG
The HANG SENG finally broke its resistances with a gap to be back in all positive territory.
NYSE & NASDAQ Stocks
Exxon Mobil Corporation
XOM bounced off strong support again to close above its 50 DMA. It however remains in its sideways channel.
Chipotle Mexican Grill Inc
CMG is slowly recovering from the shock of the departure of their CEO to Starbucks. It is however still struggling to close above its 200 DMA with 2 doji’s just below it.
JSE Stocks
JSE All Shares
The JSE All Shares also responded positively with global markets to reverse the previous days negative close.
Naspers Ltd
Naspers is busy building a flag. A break out of the flag will determine new direction.
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.
