TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- US, China stake out trade positions before Trump visits Beijing.
- India, Canada to sign ‘immense’ range of deals during Carney visit.
- Nvidia gets US license for small amount of H200 exports to China.
MarketWatch:
- Nvidia’s stock fell despite a historic earnings beat.
- Dell’s stock soars, as record earnings signal the company is managing memory shortages well.
- US-Iran nuclear talks end, but with hope that negotiations continue. That still leaves the oil market in limbo.
yahoo! finance:
- Nvidia’s big earnings beat fails to wow investors.
- Nvidia’s Jensen Huang thinks the market got it wrong on software companies.
- Rolls-Royce’s stock has outperformed Nvidia’s for three years running – and the gap is growing.
- US stock futures slide after Nvidia-led slump dampens AI mood again.
Earnings beat that fails to wow investors is a stark reminder of the skepticism about the AI payoff now surrounding Nvidia.
Global Indexes
S&P 500
The S&P 500 dipped below its 50 DMA support but managed to close above it after the NVIDIA slump.
DAX
The DAX is still gaining towards top resistance.
HANG SENG
The HANG SENG dipped below its 50 DMA support only to trade above it currently.
NYSE & NASDAQ Stocks
Bank of America Corp
After the abc correction BAC is lifting itself again.
NVIDIA Corporation
NVDA corrected 5.6% to close on its 50 DMA support as investors are nervous about future margin sustainability despite 73% year-over-year revenue growth.
JSE Stocks
JSE All Shares
The JSE All Shares stalled with a doji at top resistance.
Northam Platinum Holdings Ltd
Although the index stalled, platinum shares are still gaining. NPH was the leader with its 4.7% gain.
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.
