TAGS: Technical analysis software
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News in Brief
Bloomberg:
- S&P 500 sees first gain this week as Tesla up 22%.
- Newmont drops as cost struggles undermine gold profit surge.
MarketWatch:
- Boeing factory workers vote to reject contract, will continue 6-week strike.
- Dow slips, but S&P 500 climbs as traders cheer Tesla earnings.
- Jobless claims fall again as hurricane effects fade. Layoffs back to very low levels.
yahoo! finance:
- Data suggest US economy to grow at ‘encouraging solid pace’.
- Company loses $5.2 billion verdict in bottled water liver damage.
- Tesla jumps after earnings surprise, upbeat outlook.
- Musk’s ‘distractions’ could turn into big wins.
- Weekly jobless claims unexpectedly fall.
Jobless claims together with Tesla’s earnings surprise gave markets a positive boost.
Global Indexes
S&P 500
The S&P 500 edged higher to close with a hammer candle, still below its EMA8 line.
DAX
The DAX remains uncertain with an inverted hammer candle on its EMA8 line.
HANG SENG
The HANG SENG is still moving sideways with a small body candle on its EMA8 line.
NYSE & NASDAQ Stocks
Tesla Inc
The analysts’ predictions were wrong for Tesla while technically we had divergence in place before the 21.9% gain.
Bank of America Corp
BAC is making a J-curve during its advance towards top resistance. Notice that the bottom of the J-curve was announced with an engulfing bull candle.
JSE Stocks
JSE All Shares
The JSE All Shares made an unconfirmed engulfing bull candle. If confirmed this will also be a bottom of a J-curve.
Northam Platinum Holdings Ltd
Platinum shares all gained with double figures with NPH the winner with its 16% gain. Notice that Frontrunner is predicting more highs to come and that its Trend Factor turned positive.
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.
