Equities to Explode Higher

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • Powell rallies Fed colleagues as economic, political risks grow.
  • UK touts $205 billion US investment as King Charles fetes Trump.
  • Israel says it’s developed laser weapon to stop missiles, drones.

MarketWatch:

  • The $300 billion Oracle-OpenAI deal could be fueling an AI bubble.
  • Is AMD in trouble as Nvidia and Intel pair up? Not so fast, analysts say.
  • Here’s a case for equities to ‘explode higher’ in October. Buy any dips along the way, says JPMorgan.
  • Dow penciling in a gain after Fed’s rate cut, with Nvidia investment in Intel inspiring tech stocks.

yahoo! finance:

  • South African Citizens can check their eligibility for US citizenship.
  • Intel has a major problem – and $5 billion from Nvidia can’t fix it.
  • China ditches Google, strikes Nvidia: The Trade War just got smarter.
  • Trump threatens licenses of TV stations that criticize him.

Trump asks the Supreme Court to give him total control over the US economy. The Nvidia deal leaves out part of Intel’s business that bleeds billions per year.

Global Indexes

S&P 500

The S&P 500 made a modest new high with an uncertain doji.

DAX

The DAX made a breakaway gap from its steep decline to close above its EMA8 line.

HANG SENG

Profit taking took place for the HANG SENG in overbought territory.

NYSE & NASDAQ Stocks

Novo Nordisk

NVO took the honors with its 6.3% gap climbing back from its large correction.

Moodys Corporation

MCO dropped down to its 200 DMA support. Notice where the P2 Power signal was given.

JSE Stocks

JSE All Shares

The JSE All Shares made an uncertain long-legged doji in extreme overbought territory. Notice that the MACD changed colour and Frontrunner is heading down. Confirmation is still needed to confirm signals.

Shoprite Holdings Ltd

SHP stalled in its current trend. The trend line is still in play.

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.

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