TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Stocks fall late on US downgrade as yields climb.
- Smart money loses to Retail Crowd that bet on stock rebound.
MarketWatch:
- Stock futures, dollar fall after Moody’s strips US of its top credit rating.
- Nvidia is trying to hold on to its business in China – even as it gets harder to compete with Huawei.
- The US lost its last pristine credit rating.
yahoo! finance:
- Nvidia in advanced talks to invest in PsiQuantum.
- Gold gets bounce from Moody’s US downgrade after big weekly drop.
- US loses last top credit rating with downgrade from Moody’s.
- White House criticizes Moody’s downgrade to US credit rating.
The downgrade deepens concerns that America’s standing as the preeminent destination global capital is at risk.
Global Indexes
S&P 500
The S&P 500 extended its rally, deeper into overbought territory.
DAX
The DAX remains uncertain at its previous top resistance with a doji.
HANG SENG
The HANG SENG is still just above support in its positive trend.
NYSE & NASDAQ Stocks
Eli Lilly and Co
With Trump’s price scare LLY corrected into oversold territory. It broke its negative trend line with a P1 power signal.
Bank of America
The high wave candle of BAC was not confirmed, but another turning candle (hammer) took its place. Wait for a confirmed turn as analysts are still giving this share a strong buy.
JSE Stocks
JSE All Shares
The JSE All Shares is trending sideways against top resistance. In doing so it is moving out of extreme overbought territory.
Sasol Ltd
SOL is making another attempt to break strong resistances – can it succeed this time round?
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.
