TAGS: Technical analysis software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- FOMO grips China stock buyers on ‘Epic’ trading day before break.
- Hedging goes out of the door with burst of China stocks Euphoria.
MarketWatch:
- As the stock market enters the volatile election season, the rally may be here to stay.
- Powell says US economy is in ‘solid shape’ and the Fed intends to keep it that way
- Amazon Prime Video’s ad event beat targets. That’s good news for the stock, says BofA.
yahoo! finance:
- This week’s economic data could be ‘hugely bullish’ for stocks.
- Jobs report looms over the red-hot stock market this week.
- JPMorgan stock slips after downgrade amid Fed easing.
- Report: X is worth less than 25% of what Musk paid for it.
- US buys 6 million barrels of oil for Strategic Petroleum Reserve.
It is a data-heavy week with stocks edging higher after the Fed remarks.
Global Indexes
S&P 500
The S&P 500 dipped below its EMA8 line and then climbed back after the Fed remarks. It closed at a new high.
DAX
The DAX made an outside/inside formation while the US dipped.
HANG SENG
After a very strong rally the HANG SENG is showing signs of exhaustion with a high wave formation.
NYSE & NASDAQ Stocks
Apple Inc
Although Apple’s latest iPhone is not selling as well as expected, it is still on its way to test its top resistance.
Alphabet Inc
Google made a shallow J-curve before continuing its latest positive trend, breaking its 50 DMA.
JSE Stocks
JSE All Shares
The JSE All Shares made an engulfing bear candle in overbought territory with a triple top at the time the US was in a dip.
BHP Group Ltd
After a strong rally BHG reached strong resistance at its 200 DMA in overbought territory. We will have to see if it can break this resistance against the odds.
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.
