TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Stock rally powers on as Alphabet up in late hours.
- S&P 500 ends higher despite fading after US-China reality check.
MarketWatch:
- S&P 500’s rapid exit from correction territory hinged on Trump’s walk-backs of tariffs and Fed fight.
- Alphabet’s blowout earnings may mark the peak for this year – but the stock’s still a good buy.
- Intel going back to its roots, but latest plans will be costly and stock tumbles on outlook.
yahoo! finance:
- Wall Street cheers Google earnings.
- Intel’s downbeat forecast overshadows earnings beat.
- Trump’s trade whiplash sinks world into dreaded ‘uncertainty’.
Although we have a rally, the Trump uncertainty is still there.
Global Indexes
S&P 500
The S&P 500 extended its rally after the indecision high wave candle.
DAX
The DAX is hesitant just below its 50 DMA major resistance.
HANG SENG
The HANG SENG was hesitant after the uncertain doji but is extending its positive trend this morning.
NYSE & NASDAQ Stocks
salesforce.com Inc
After hesitating at its negative trend line CRM broke it with a 5.7% gain.
JPMorgan Chase Co
JPM also took the positive road after the inverted hammer candle to close on its 50 DMA resistance.
JSE Stocks
JSE All Shares
The JSE All Shares is making another attempt to break its top resistance. If it follows the US it might be successful this time round.
Woolworths Holdings Ltd
WHL is still building on its positive J-curve. If this formation is completed, we should see it breaking its 200 DMA.
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.
