TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks track US drop on Tech, inflation risk.
- Nvidia traders bail on bullish option bets as shares slide.
MarketWatch:
- Nvidia’s stock suffers worst drop in months as CES speech lacked one big thing.
- Palantir’s stock sees sharpest drop since May as momentum cools.
- Nasdaq tumbles 1.9% as Treasury yields surge after JOLTS, ISM services data.
yahoo! finance:
- Nvidia stock reverses course, falls after CEO’s keynote.
- Samsung profit disappoints after AI chip missteps hurt business.
- Amazon’s AWS to invest $11B in Georgia to boost AI infrastructure.
Huang CES speech did not provide the spark that was needed for tech, so we had a selloff.
Global Indexes
S&P 500
The negative trend of the S&P 500 remains in place after the selloff .
DAX
The DAX continued its positive.
HANG SENG
The HANG SENG continues its negative trend with its 19000 support still holding.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA reversed its positive trend to close on its 50 DMA after Huang’s speech disappoints.
Meta Platforms Inc
META also reversed from top resistance, but not as severe as NVIDIA.
JSE Stocks
JSE All Shares
The JSE All Shares also reversed after its long-legged doji 840 support still holding.
Impala Platinum Holdings Ltd
IMP broke its negative trend and 200 DMA lines with a 5.1% 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.
