TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- China factory activity eases into decline as growth wobbles.
- France gets budget warning as Fitch turns negative on rating.
- China upends global drug development with cheap and rapid human trials.
- Meta’s rating outlook cut to negative by S&P on AI spending.
- Big tech holds $3 trillion in spending commitments for AI boom.
MarketWatch:
- The selloff in tech stocks shifts into overdrive as weak earnings bring a reality check.
- Gold plunged to its lowest price in a year despite renewed Iran jitters.
- Microsoft is winning the cloud wars and becoming Wall Street’s new golden child.
yahoo! finance:
- Stock futures jump ahead of a monster week after a $5 trillion AI rout.
- Stocks clobbered as October closes with brutal sell-off.
- Crypto giant Binance attempting to recover a $6.3 billion stolen in hack linked to North Korea.
- ‘Octoberphobia’ just wiped $5 trillion off AI stocks – history says the cure comes next.
Putin warns that Russia stands ready for war with Europe and there will be no winners. US midterms could impact the world as Trump faces reckoning.
Global Indexes
S&P 500
The S&P 500 sell-off came with a downwards gap before midterm elections.
DAX
The DAX made an outside/inside pattern with its correction.
HANG SENG
The HANG SENG bounced to close just above its EMA8 resistance.
NYSE & NASDAQ Stocks
Intel Corporation
The largest sell-off was at INTC with a 28.6% downward gap that closed below its 200 DMA support.
Eli Lilly and Co
LLY was one of a handful of shares that did not have a sell-off. It did however close with an uncertain high wave candle.
JSE Stocks
JSE All Shares
The JSE All Shares did not escape the global sell-off.
BRENT
BRNT closed at $112 a barrel.
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.
