TAGS: Technical Analysis Software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Bessent floats longer-term China truce after rare earths gambit.
- Walmart US CEO says shoppers are still spending at healthy rate.
- Trump threatens retaliation for China’s spy boycott.
- Xi’s rare earth ‘Bazooka’ sparks global alarm, race for supplies.
MarketWatch:
- Not every dip is a buying oppertunity.
- Dow, S&P 500 and Nasdaq are all higher, thanks to bank earnings and tech stocks.
- Tesla has big robotaxi ambitions.
yahoo! finance:
- Trump confirms US-0China trade war.
- US stocks rise amid solid earnings, rate-cut hopes.
- Trade uncertainties make rate cuts more urgent: Fed’s Miran.
- Salesforce forecasts revenue of over $60 billion in 2030.
The White House started its threatened worker layoffs as the shutdown continues. Government shutdown increasingly likely to stretch into November.
Global Indexes
S&P 500
The S&P 500 is not out of the woods yet as it closed with a high wave candle on its EMA8 line.
DAX
The DAX is still below its EMA8 line.
HANG SENG
The HANG SENG is trending on its 50 DMA as the trade war continues.
NYSE & NASDAQ Stocks
Advanced Micro Devices Inc
AMD was the strongest mover as it closed at a new high with a 9.4% gain.
Bank of America Corp
BAC made a breakaway gap after earnings.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets higher.
Compagnie Financiere Richemont SA
CFR bounced on its 200 DMA support with a breakaway gap.
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.
