TAGS: Technical analysis software
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News in Brief
Bloomberg:
- TSMC, SK Hynix shares fall as Nvidia, China earnings let down.
- Tech hit in late hours as Nvidia fails to inspire.
MarketWatch:
- Opinion: Nvidia CEO’s swagger isn’t enough to support the stock, as tiny cracks emerge.
- Nvidia earnings: Stock falls as revenue outlook beats, but not by enough.
- Salesforce’s earnings deliver where it counts, and the stock gains.
- Super Micro’s stock rocked by disclosure of accounting concerns.
yahoo! finance:
- Nasdaq, S&P 500 lead stocks lower; Nvidia earnings disappoint.
- Google, Meta workers apparently jealous of wealthy Nvidia peers.
- Salesforce in a position to capitalize heavily on AI: Analyst.
Although Nvidia beat earnings, US futures drop as forecast clouds AI rally outlook.
Global Indexes
S&P 500
The S&P 500 closed just above its EMA8 line. Current futures indicate a drop below it.
DAX
The DAX extended its rally to touch top resistance with an inverted hammer in extreme overbought territory.
HANG SENG
The HANG SENG is trading on its EMA8 line, still above its 50 DMA today.
NYSE & NASDAQ Stocks
Super Micro Computer Inc
If you have accounting problems …. your share price gets hammered: SMCI.
AbbVie Inc
ABBV gave a power P2 signal in overbought territory. Notice the divergence shown and a MACD turning red.
JSE Stocks
JSE All Shares
The JSE All Shares gave an engulfing bear candle in overbought territory. Notice where Frontrunner broke down with a MACD changing color.
Woolworths Holdings Ltd
Woolworths is still struggling against its long-term negative trend line, this time with a candle touching the top and bottom of its flag. Still not enough steam to break this strong resistance.
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.
