TAGS: Technical Analysis Software
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There will be no news posted next week … It will commence again on 12 October.
News in Brief
Bloomberg:
- US Manufacturing expansion continues despite mounting costs.
- Microsoft’s trillion-dollar quarter shows AI trade won’t quit.
MarketWatch:
- The US economy is defying gravity.
- Dow, S&P 500 and Nasdaq reverse course and slump as economic data push Treasury yields higher.
yahoo! finance:
- Broadcom to lend Anthropic up to $42B in deal to lease chips.
- Oil prices rise as China suspends fuel exports.
- SpaceX successfully launches NASA Crew-13 astronauts to ISS.
Anthropic study suggests blue-collar workers have decades before robots take their jobs.
Global Indexes
S&P 500
The S&P 500 made a long-legged doji on its 50 DMA support.
DAX
The DAX made ahigh wave candle on its 200 DMA support.
HANG SENG
The Hang Seng was closed yesterday.
The HANG SENG made a piercing candle on its support and is positive today.
NYSE & NASDAQ Stocks
Micron Technology Inc
MU is still inside the flag it is building.
Microsoft Corporation
MSFT made another attempt to break its strong resistance, only to close on it with a high wave candle.
JSE Stocks
JSE All Shares
The JSE All Shares continued its correction into extreme oversold territory, closing with a high wave candle.
Capitec Bank Holdings Ltd
CPI is in free fall with its correction. Although it reported strong customer growth, it also had to write off large debt – the reason it was never one of my favourites.
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.
