TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Dollar drops as Trump says he’s firing Fed’s Cook.
- Chinese stock euphoria spreads as turnover tops $430 billion.
- Wall Street halts rally as Fed-cut euphoria fades.
MarketWatch:
- Trump says he’s fired Fed governor Lisa Cook, in move to control US central bank’s board.
- Stock market braces for Nvidia earnings as S&P 500 struggles to extend Jackson Hole rally.
- Small-cap stocks surged on Friday – and now, they’ve finally busted out of a range.
yahoo! finance:
- Dow, S&P 500, Nasdaq futures fall as Trump ousts Fed governor.
- Tesla rejected $60M offer before losing $243M Autopilot verdict.
- Trump says he will continue to make deals like Intel stake.
- Intel warns of ‘risk factors’ from US government stake.
The euphoria spread to the East while the US euphoria faded. Nvidia’s earnings will be the key to the next directional move.
Global Indexes
S&P 500
The S&P 500 is uncertain ahead of Nivida’s earnings to extend its rally.
DAX
The DAX is ticking sideways on its EMA8 line below top resistance.
HANG SENG
The HANG SENG made a breakaway gap to break top resistance, only to trade below it again today.
NYSE & NASDAQ Stocks
Wells Fargo Co
WFC is busy with a W formation that broke its 50 DMA.
NVIDIA Corporation
The countdown to NVDA’s earnings started. It closed with another uncertain high wave candle; one of twelve uncertain candles close to top resistance.
JSE Stocks
JSE All Shares
The JSE All Shares stalled with a small body candle.
Sasol Ltd
SOL moved into second gear with its rally.
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.
