TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Micron gains most in 13 years as AI Demand bolsters forecast.
- Shareholders cash out of Chinese stocks after stimulus plan.
- China stocks head for best week in a decade on Politburo Vows.
MarketWatch:
- Haris and Trump are courting the middle class – but they may misunderstand who’s in it.
- Costco’s stock slips as quarterly sales come up short and fee hike won’t immediately lift revenue.
- Alphabet’s stock has never been this cheap relative to Meta’s.
- Nvidia’s stock looks even better after latest bullish signal, analyst says.
- The hedge-fund billionaire is buying ‘everything in China: ‘ETF’s, futures – everything’
- Hong Kong stocks lead global surge on reports of more China stimulus measures.
yahoo! finance:
- Asian stocks extend rally on China, US sentiment.
- Nasdaq leads stocks higher as chipmakers rally.
- US economy hums along with 3% GDP growth in Q2.
- BlackBerry reports loss on quarterly earnings.
AI is the main source of gains as Micron reported a 96 percent jump in revenue growth together with signs that China is preparing additional steps to boost its economy.
Global Indexes
S&P 500
The S&P 500 had a fresh new close at a new high.
DAX
Similar for the DAX with a gap.
HANG SENG
The HANG SENG opened today with another gap and currently trading with a long-legged doji at an important level of 20400.
NYSE & NASDAQ Stocks
Micron Technology Inc
MU made a 14.7% breakaway gap after reporting a 93% jump in revenue growth. Notice the double bottom at $85 forming the basis of a W formation. We had divergence, shown with purple lines, at both bottoms.
Estee Lauder Companies Inc
On its heels was Estee Lauder with a gap and 10% gain. It broke its 50 DMA with its latest move. You might recall that we gave an alert when it broke the long negative trend line in a previous review.
JSE Stocks
JSE All Shares
The JSE All Shares is following global markets higher.
Naspers Ltd
Naspers broke top resistance with its latest gap. Frontrunner is predicting more highs to come.
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.
