TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Stocks up as this week’s rally tops $1.3 trillion.
- China stock selloff pushes benchmark to lowest since early 2019.
- Indian IPO drawing $39 billion of bids shows insatiable appetite.
MarketWatch:
- A stock-market ‘Harris Trade’ is starting to take shape.
- Adobe earnings report brings records, but stock falls as outlook underwhelms.
- Wells Fargo’s stock falls on fresh enforcement action by federal regulators.
- Small-cap stocks beating S&P 500 this quarter as investors expect Fed rate cut.
yahoo! finance:
- S&P, Nasdaq jump for 4th day.
- Federal judge allows betting on upcoming US elections.
- Bond market is ‘crying out’ for 50bps rate cut: Strategist.
- JPMorgan caps junior bankers’ hours at 80 per week.
The current rally is now 4 days old with even oil stocks lifting their heads although the oil price is dropping.
Global Indexes
S&P 500
The S&P 500 had another strong day in its current positive rally.
DAX
The DAX also lifted its head above its EMA8 line hesitantly with another high wave candle.
HANG SENG
The HANG SENG is making an attempt to break its 50 DMA resistance.
NYSE & NASDAQ Stocks
Exxon Mobil Corporation
XOM only ventured one day below its 200 DMA before closing above it again.
salesforce.com Inc
The latest average target for CRM has been updated to $305. It closed on its 50 DMA. Notice the Frontrunner break and MACD change of color in oversold territory.
JSE Stocks
JSE All Shares
The JSE All Shares made a strong piercing candle to close on its 50 DMA. We adjusted our long-term trend line to touch all the bottoms.
JSE Resources 20
The JSE Resources 20 made an engulfing bull candle in extreme oversold territory. Frontrunner was already trending positively.
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.
