TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Short sellers pile into UK Bakery chain Greggs.
- Stock rally hits a wall as us inflation picks up.
MarketWatch:
- Investors were blindsided by July’s hot PPI inflation reading.
- Intel’s stock pops. Will Trump come to the rescue with unprecedented government help?
- Warren Buffett places new bets on UnitedHealth and a homebuilder, sending their stocks soaring.
yahoo! finance:
- Intel surges on report US may take stake in company.
- Stocks hit pause as hot inflation cools rate-cut rally.
- Buffett’s Berkshire acquires 5 million shares in UnitedHealth.
The Fed’s next decision just got harder with inflation reading.
Global Indexes
S&P 500
The S&P 500 made another small body candle, indicating uncertainty in overbought territory.
DAX
The DAX had a positive move that closed just below strong resistance.
HANG SENG
The HANG SENG started correcting after opening at top resistance.
NYSE & NASDAQ Stocks
Eli Lilly and Co
After the obesity drug disappointment collapse LLY is starting to lift its head again.
Meta Platforms Inc
META also hits a wall with a high wave candle and a P2 Power Signal.
JSE Stocks
JSE All Shares
The JSE All Shares also hits a wall with a high wave candle in overbought territory.
Coronation Fund Managers Ltd
CML also hits a wall with an engulfing bear candle, divergence, P2 Power Signal, MACD changing colour; all happening in overbought territory.
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.
