TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Asian stocks advance after rebound on Wall Street.
- Stocks bounce from lows as dip buyers wade back in.
MarketWatch:
- Mortgage rates rise above 7% after Moody’s downgrade of US credit.
- Stocks opened lower as treasury yields jump following Moody’s downgrade.
- Opinion: The ‘sell America’ trade is back – but it never really left.
yahoo! finance:
- Stock futures waver as investors fear trade relief could fade fast.
- Wall Street says ‘buy the dip’ after Moody’s credit downgrade.
- Japan is sticking to demand for US to eliminate tariffs, trade envoy says.
Only one double-A-rated country has ever defaulted. Bessent dismisses Moody’s downgrade.
Global Indexes
S&P 500
The S&P 500 trended cautiously higher in overbought territory.
DAX
The DAX has now closed 6 times above its previous top resistance to make it a true break. We adjusted our positive trend line accordingly.
HANG SENG
The HANG SENG is bouncing off support today after sitting on it for two days.
NYSE & NASDAQ Stocks
Philip Morris
PM is chasing the analysts prediction of $184 with a strong buy recommendation.
Microsoft Corporation
Similar for MSFT with a target of $511.
JSE Stocks
JSE All Shares
The JSE All Shares is still hanging around top resistance, this time round with another hammer candle. We now had 6 uncertain candles against top resistance.
Sasol Ltd
And then SOL had enough steam to break through resistances.
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.
