TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- China’s AI-propelled growth may take a blue wave hit, BE says.
- Gold set for biggest weekly gain since August after US Midterms.
- AI companies brace for new challenges after Democrats’s win.
MarketWatch:
- Tech stocks log worst day since 2020 as carnage comes to the AI trade.
- The ‘Musk selloff’ deepens as Tesla, SpaceX combine for $450 billion two-day wipeout.
- After tech-stock rout, October’s job report could bring relief – or more pain.
yahoo! finance:
- Big banks expect a tougher Congress after the midterms.
- Anthropic’s IPO odds plunge amid widespread market selloff.
Nasdaq loses $2.3T in market value as stocks plunge.
Global Indexes
S&P 500
The S&P 500‘s 4.4% plunge closed just above its 200 DMA.
DAX
The DAX made an inverted hammer candle against top resistance.
HANG SENG
The HANG SENG made a breakaway gap that closed above its 50 DMA.
NYSE & NASDAQ Stocks
Micron Technologies Inc
MU‘s plunge closed below its 200 DMA support.
Alibaba Group Holdings Ltd
BABA was one of a handful positive shares in the US. It closed on its 50 DMA resistance.
JSE Stocks
JSE All Shares
The JSE All Shares reacted positive to close above its 50 DMA.
Naspers Ltd
NPN made a 10.4% breakaway gap to close above its 50 DMA 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.
