TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Wall Street pros avoid election bets with race too close to call.
- Volatility grips Chinese stocks as traders wait for MOF briefing.
MarketWatch:
- Tesla unveils its Cybercab robotaxi, with no steering wheel or pedals.
- Nike elevates another company veteran, as new CEO prepares to take reins.
- Bank earnings: JPMorgan, Wells Fargo to kick off the season with quarterly reports.
yahoo! finance:
- Stocks slip as inflation , jobs data blur picture on Fed’s next move.
- Boeing would be biggest US ‘fallen angel’ if cut to junk.
- Fed more tolerant now of higher inflation: Yardeni strategist.
- Oil eases though investors wary over potential Mideast supply disruption.
Bank Earnings will be the main catalyst on markets today as markets took a breather.
Global Indexes
S&P 500
The S&P 500 closed with an uncertain doji sitting on its resistance break line.
DAX
The DAX also hesitated with a small body candle.
HANG SENG
The HANG SENG is also uncertain with a high wave candle.
NYSE & NASDAQ Stocks
Micron Technology Inc
MU made a J-curve and made an engulfing bull candle to start completing the formation.
Bank of America Corp
BAC is trading sideways ahead of earnings. The average analyst target price is $43. We will soon know if they were correct?
JSE Stocks
JSE All Shares
The JSE All Shares followed the uncertainty of global markets with a hammer and small body candles next to each other.
Sasol Ltd
Sasol bounced on support with a piercing candle after coming back to touch its break line.
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.
