TAGS: Technical analysis software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- S&P 500 hits record high buoyed by economic hopes.
- Pakistan stocks near record high after biggest foreign buying in a decade.
MarketWatch:
- Dow surges to record as investors celebrate Fed’s ‘recalibration’ rate cut.
- Traders brace for volatility as more than $5 trillion in options set to expire in latest ‘triple witching’.
- Homeowners scramble to refinance as US mortgage rates hit two-year lows.
- US initial jobless claims fall to lowest level since May.
- There’s still a chance of a ‘fat right tail’ for stocks, strategists say.
yahoo! finance:
- Powell says Fed can cut rates but can’t fix housing crisis.
- The Fed’s big cut shows it has learned its lesson.
- Nasdaq, S&P 500 surge as Fed cut spurs rally.
- Nike names new CEO, stock races higher.
- BofA: ‘The Fed will get pushed into deeper cuts’.
The next market review will only be on Thursday 26 September.
We have new all-time highs for many indexes and stocks after the Fed rate cut.
Global Indexes
S&P 500
The S&P 500 broke top resistance with a 1.7% gain to close at an all-time high.
DAX
The DAX broke its top resistance with a gap and also closed at an all-time high.
HANG SENG
The HANG SENG is back in all positive territory building further on its latest rally.
NYSE & NASDAQ Stocks
Meta Platforms Inc
META broke its top resistance with a gap to close at a new high.
Caterpillar Inc
CAT is in a rocket mode and only has a short distance to go to reach its top resistance.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets higher, also just short of top resistance.
Impala Platinum Holdings Ltd
Impala Platinum was one of the top gainers on the JSE with its +6.3%.
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.
