TAGS: Technical Analysis Software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Stocks waver after AI scare as gold hits $5,000.
- Fidelity fund that sold gold before crash is ready to buy again.
- US private hiring missed forecasts in January, ADP data shows.
MarketWatch:
- Alphabet earnings show massive cloud growth, huge jump in AI spending.
- Investors were braced for AI fallout – just not like this, popular strategist says.
- AMD’s stock falls after earnings, despite upbeat guidance.
- Super Micro logs record revenue from AI demand, and the stock surges.
yahoo! finance:
- US stock futures rise after Wall Street’s tech sell-off deepens.
- The SpaceX mega merger boosts the Musk trade.
- Private payrolls miss amid ‘dramatic slowdown’ in job creation.
- Alphabet’s spending forecast soars as company goes all-in on AI.
The AI driven software stock crash probably isn’t over.
Global Indexes
S&P 500
The correction of the S&P 500 closed just above its 50 DMA support.
DAX
The DAX also followed the US lower.
HANG SENG
The HANG SENG made a long-legged doji after the high wave candle to confirm its uncertainty.
NYSE & NASDAQ Stocks
Advanced Micro Devices Inc
The selloff of AMD made a breakaway gap to close on $200.
Eli Lilly and Co
LLY made a breakaway gap after reporting results that beat Wall Street expectations with an upbeat forecast.
JSE Stocks
JSE All Shares
The JSE All Shares is caught in the global uncertainty with an inverted hammer candle.
Kumba Iron Ore Ltd
Uncertainty at KIO too with a long-legged inverted hammer against top resistance.
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.
