TAGS: Technical analysis software
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News in Brief
Bloomberg:
- China’s stock rally fizzles as traders reassess stimulus bets.
- China’s brokers skip holidays to staff up for ‘Hectic’ reopening.
- Goldman says surging Chinese stocks may advance another 20%.
MarketWatch:
- S&P 500’s financial stocks near ‘summer highs’ ahead of bank earnings this week.
- Fed’s Musalem says going slow on interest-rate cuts makes sense.
- Energy stocks rise even as S&P 500 retreats amid Middle East tensions.
- Yet another bullish call on Nvidia’s stock.
yahoo! finance:
- Stocks slide as yields , oil jump.
- Dow leads stock retreat amid rethink on rate-cut bets.
- Chinese stock loses steam, Asian peers fall.
Selloff stepped in after a strong rally.
Global Indexes
S&P 500
The selloff on the S&P 500 closed below its EMA8 line. Notice where we had a P2 Power signal 2 signal.
DAX
The DAX closed on its EMA8 line in a downwards trend.
HANG SENG
The HANG SENG only managed to close one day above its important resistance of 22700 before the selloff stepped in.
NYSE & NASDAQ Stocks
Super Micro Computer Inc
After its 10 to 1 split SMCI started to lift its head after a very long decline. You must reload this share’s data to incorporate the split.
Novo Nordisk AS
The pill side effects caused NVO to drop to $144. As the battle to develop a new weight-loss drug heats up it made a breakaway gap to break the steep down trend.
JSE Stocks
JSE All Shares
The JSE All Shares closed with an uncertain doji. It will most probably follow global markets lower today.
Kumba Iron Ore Ltd
KIO is busy completing a J-curve. We will have to see if it can complete it in the wake of a global sell-off.
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.
