TAGS: Technical analysis software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Asian stocks dip as US debate unfolds, Yen gains.
- Stocks get tech boost despite ‘Big Bank Gloom’.
- Stocks rise before Trump-Harris debate, inflation.
- China’s $6.5 trillion stock route worsens economic peril for Xi.
MarketWatch:
- Trump falsely accuses Haitian immigrants in Ohio of abducting, eating pets.
- New Starbucks CEO Brian Niccol wants to fix confusing menu, long waits for coffee.
- Obesity drugs in kindergarten? Novo Nordisk GPL-1 drug works for kids as young as 6, study finds.
- Germany’s Magnificent 7 allowed the Dax to defy economic gloom, says Goldman Sachs.
yahoo! finance:
- August CPI is expected to reflect slower inflation.
- Tech leads S&P, Nasdaq higher as banks drag on Dow.
- Disney investors glued to CEO succession outcome: Analyst.
- Newman: The old Trump economy isn’t coming back.
- S&P 500, Nasdaq edge higher as inflation report looms.
- Nvidia’s Blackwell chip delay is center stage amid stock slump.
Markets await the latest CPI data for direction.
Global Indexes
S&P 500
The tech boost made the S&P 500 close with a hammer candle just below its EMA8 and 50 DMA resistances.
DAX
The DAX continued its correction path to close below its 50 DMA.
HANG SENG
The HANG SENG remains in a negative trend and made another gap to trade below its 200 DMA support.
NYSE & NASDAQ Stocks
Broadcom Ltd
After the hammer candle on its 200 DMA support AVGO made a strong bounce to lead tech shares higher.
JPMorgan Chase Co
It was JPMorgan that dragged the Dow down. 77 Analysts were wrong as its price nears the lowest target. Notice where a P2 Power Signal was given, Frontrunner broke down and the MACD turned red.
JSE Stocks
JSE All Shares
The JSE All Shares closed on its 50 DMA support in oversold territory. Although the MACD changed color, Frontrunner has not turned yet.
Truworths International Ltd
After giving lots of uncertain candles on its 50 DMA TRU bounced off support with a P1 Power Signal and a MACD changing color.
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.
