TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Strategist who called China stock rally sees more gains.
- Wall street dials back Fed-cut bets on solid data.
- Chinese stocks slide into correction as stimulus hopes wane.
MarketWatch:
- Weight-loss drugs may reduce opioid and alcohol abuse by up to 50%, study finds.
- Google gets new head of search and ad business as part of AI-focused reshuffle.
- Netflix shares climb as subscriber numbers beat estimates.
- TSM beats forecasts with 54% surge in profits on soaring AI demand.
- Travelers’ stock soars as earnings triple despite record catastrophe losses.
yahoo! finance:
- Ferrari reveals a new hybrid hypercar.
- China reports its economy grew at a 4.6% annual rate, below the government’s 5 % target.
Earnings are still streaming in with Netflix the latest surprise to top estimates. AI remains a main driver on markets.
Global Indexes
S&P 500
The S&P 500 made an attempt to close at a new high but closed unchanged at the end of the trading day.
DAX
The DAX did manage to close at a new high.
HANG SENG
The HANG SENG remains below its EMA8 line as further stimulus hopes wane.
NYSE & NASDAQ Stocks
Taiwan Semiconductor
TSM topped the charts with its AI demand driven results. It made a gap past top resistance. Analysts did not adjust their target prices yet.
Travelers Companies Inc
TRV also smashed top resistance with a gap. Notice that Frontrunner is predicting further highs.
JSE Stocks
JSE All Shares
The JSE All Shares broke our short-term negative trend line with an indecision high wave candle.
Anglo American Plc
AGL bounced on its 200 DMA with Frontrunner breaking up and the MACD changing colour.
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.
