TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Goldman’s Rubner worries his year-end 6,000 S&P target is ‘Too Low’
- India approves new steps to curb mania for equity derivatives.
- AI can only do 5% of jobs, says MIT economist who fears crash.
MarketWatch:
- Hong Kong stocks surge to 20-month high as China-stimulus rally continues apace.
- October tends to be a positive month for stocks- unless presidential election is looming.
yahoo! finance:
- Microsoft wants to change the way you use your PC.
- China and Middle East tensions put spotlight on commodities.
- Stocks slip as Mideast worries grip investors.
- Tesla stock drops as Q3 deliveries fall short.
- Lilly to invest $4.5B on new Indiana facility.
As the Middle East conflict escalates worries grip investors.
Global Indexes
S&P 500
No change for the S&P 500. The latest target of Goldman is less than the 6,200 we had from another analyst during September.
DAX
The DAX closed with a hammer candle on our positive trend line.
HANG SENG
Some profit taking stepped in for the HANG SENG with a piercing candle this morning.
NYSE & NASDAQ Stocks
Caterpillar Inc
CAT made 5 uncertain candles next to each other that could signal a turn, but the price is still holding.
Chipotle Mexican Grill Inc
CMG bounced on its 200 DMA with a strong piercing candle.
JSE Stocks
JSE All Shares
The JSE All Shares is making a small J-curve against top resistance.
Sasol Ltd
Sasol finally followed global oil stock higher. Notice the P2 Power Signal.
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.
