TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- European stock futures edge up after Ukraine meet.
- Wall Street holds its breath before Jackson Hole.
- Stocks and yields fall with Ukraine, Fed in view.
MarketWatch:
- Stocks often rise the week of Fed’s Jackson Hole gathering. Don’t count on it this year.
- Intel’s stock rallies after $2 billion investment by Japan’s Softbank.
- The Fed watcher says a September rate cut is not yet a done deal – and a ‘messy’ compromise awaits.
yahoo! finance:
- Bank of America: The era of megacap dominance ‘may be done’.
- Home Depot to report earnings as Wall Street eyes US sales growth.
- Powell faces a dilemma heading into final Jackson Hole speech.
- Stock futures stall with Ukraine’s fate, Fed policy in focus.
- US again warns India on Russia oil, EU-US deal details in question.
Bill Gates sells Microsoft and buys Berkshire Hathaway. Question: Should the Fed stand pat on interest rates to cool inflation, or cut them to support jobs?
Global Indexes
S&P 500
The S&P 500 closed with an uncertain doji as it awaits news to give direction.
DAX
Similar for the DAX.
HANG SENG
The HANG SENG made an inverted hammer candle to close on its EMA8 line.
NYSE & NASDAQ Stocks
Berkshire Hathaway B Inc
Even with the investments into BRK.B, it stalled below its 50 & 200 DMA’s. Notice the two hammer candles closing on its 50 DMA.
Meta Platforms Inc
META reached analysts target and made a breakaway gap after hitting $792 resistance.
JSE Stocks
JSE All Shares
The JSE All Shares took the correction path after two turning candles with divergence in place.
MTN Group Ltd
MTN made two turning candles at its 174 level before the 8.4% correction. Notice the divergence of Frontrunner at this level.
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.
