TAGS: Technical Analysis Software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Global supply chain shocks to cause lasting impacts, FedEx says.
- Swiss exports to US slipped in last full month of 39% tariff.
MarketWatch:
- Stocks see biggest midday reversal since April as Nvidia-inspired rebound falters.
- Jobs report: US unemployment rate hits 4-year high – but it’s not as bad as it might appear.
- There’s no turning back on AI now, banking giant says as it boosts S&P 500 forecast.
- How to sum up Nvidia earnings in one word? ‘Udeniable,’ says this analyst.
yahoo! finance:
- Wall Street’s roaring start turns into another rout.
- Jobs report blows past hiring estimates.
- Walmart lifts FY forecasts as earnings beat.
Stocks surge after Nvidia Earnings, jobs beat and then turned midday with AI jitters.
Global Indexes
S&P 500
The S&P 500 made one massive engulfing bear candle with its midday turnaround. Notice that Frontrunner did not break up – yet.
DAX
The DAX also reversed its lift with an inverted hammer candle.
HANG SENG
The HANG SENG is also breaking support downwards today.
NYSE & NASDAQ Stocks
NVIDIA Corporation
Similar to the index NVDA made a massive engulfing bear candle that reversed the midday bounce.
Wal-Mart Stores Inc
WMT was the only highlight with its breakaway gap and 6.5% gain after an unexpected disappointing day.
JSE Stocks
JSE All Shares
The JSE All Shares was still uncertain with a long-legged doji but will most probably also feel the pain today as all indexes in Asia are down.
Sasol Ltd
Top resistance was one hurdle too much for SOL as it bounced down 3.5%.
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.
