TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Stocks pause after rally, Yen gains on Bessent.
- Stock rally builds as US yields fall on Fed wagers.
MarketWatch:
- Amazon’s ‘major’ grocery expansion is bad news for delivery apps and retailers.
- Cisco’s growing AI demand sparks earnings beat, but stock the stock is falling.
- S&P 500 and Nasdaq aim for all-time highs amid renewed hope for Fed interest-rate cut in September.
- An economic reset is underway that will drive the S&P 500 to 7,500 next spring, strategist say.
yahoo! finance:
- Some Fed officials urge patience amid market’s rate-cut euphoria.
- Stocks keep up record rally as rate cut bets surge.
- Bessent urges Fed to lower rates by 150 basis points or more.
Analysts say: Big Tech is back, ‘and the move is not yet overdone’.
Global Indexes
S&P 500
The S&P 500 closed with an uncertain doji in anticipation of the rate-cut decision.
DAX
The DAX also made a small body candle above support.
HANG SENG
The HANG SENG made a breakaway gap with the trade war truce until November.
NYSE & NASDAQ Stocks
Advanced Micro Devices Inc
AMD made a breakaway gap leaving analysts predictions way behind.
General Electric Company
GE made a large engulfing bear candle to close just below its current trend line.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets higher.
Sasol Ltd
Sasol is continuing its rally that started on its 200 DMA support. Negative trend line is broken.
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.
