TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Stocks waver in thin trading before Nvidia reports.
- PDD’s warning highlights growing strain on China consumer firms.
MarketWatch:
- Opinion: Nvidia has all the pieces in place for a positive quarterly earnings surprise.
- Warren Buffett’s Berkshire Hathaway on cusp of joining $1 trillion club.
yahoo! finance:
- Powell and future Fed chairs should be rooting for an EV era.
- Dow ekes out another record as investors await Nvidia earnings.
- Nvidia results could spur record $300B swing, options show.
Stocks stop short of record peaks as Nvidia earnings loom. Markets will only know: Q2 Earnings Call • 17:00 GMT-4.
Global Indexes
S&P 500
The S&P 500 is forming a flag ahead of Nvidia earnings.
DAX
The DAX extended its rally into extreme overbought territory.
HANG SENG
The HANG SENG opened negative today but is still trading above its positive trend.
NYSE & NASDAQ Stocks
ENVIDIA Corporation
NVIDIA is also forming a flag ahead of its earnings announcement later today.
Chipotle Mexican Grill Inc
CMG managed to reach its previous price before the CEO departure shock. It needs to past its 50 DMA resistance to be back in all positive territory.
JSE Stocks
JSE All Shares
The JSE All Shares is edging higher, also in anticipation what will happen in the US.
Woolworths Holdings Ltd
Woolworths is still struggling against its long-term negative trend line. This time with a long-legged hammer candle. We now have 3 indecision candles next to each other. Notice that it is also forming a flag.
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.
