TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Meta Reports $825 billion in future spending commitments.
- Amazon’s new tablet is a credible iPad rival for much less money.
- Huawei gets $2.3 billion offshore loan as chip spending soars.
MarketWatch:
- The US stock market is fracturing into two camps, and it’s leaving investors with a brutal case of whipsaw.
- IBM’s stock falls as investors struggle to shake off July earnings miss.
- Moderna’s cancer vaccine hits its targets – but a data leak rattles investors, and the stock tumbles.
yahoo! finance:
- Oil prices top $122 on worries of Iran-US escalations after midterms.
- Copper declines as tech-stock selloff dulls appetite for risk.
- SpaceX eyes 80,000 cell towers as it pushes into wireless.
- Trump faces suit alleging crypto profits from a foreign government.
Trump’s approval falls to record low of 31% as midterms near, Reuters/Ipsos poll finds – Democrats lead in Texas, Ohio, Michigan, Lowa. Voters want Congress to be a check on Trump, trusts Democrats more on issues. Gulf nations brace for possible return to all-out war between US and Iran.
Global Indexes
S&P 500
The S&P 500 also corrected 1.2% after the tech selloff.
DAX
The DAX followed suit and also bounced down from its 50 DMA resistance.
HANG SENG
The HANG SENG is in free fall, lifting its head slightly this morning. Support waiting at 22600 to complete the quarter ellipse.
NYSE & NASDAQ Stocks
Lumentum Holdings Inc
LITE made the largest correction for the day with its 11.5% drop.
Colgate-Palmolive Company
CL made a gap towards top resistance – divergence is in place.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets down.
Sasol Ltd
Sasol is making new highs with war on the horison between the US and Iran.
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.
