TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Copper boom helps drive Zambia’s world-beating stock gains.
- Stocks hit by tech rout before September challenge.
MarketWatch:
- Nvidia has $57 billion in cash. Wall Street has ideas about what to do with it.
- Trump’s global tariffs were rejected in court.
- Others likely to follow Caterpillar’s tariff-cost warning as prices rise.
- Dow slumps 200 points after PCE inflation reading.
- US trade deficit widened sharply as business raced Trump’s tariffs in July.
yahoo! finance:
- August jobs report due out as Fed uncertainty looms.
- Appeals court invalidates many of Trump’s tariffs.
- Judge delays decision on Trump’s move to fire Cook.
- Nvidia seemed unstoppable. It’s suddenly stumbling.
- Key Fed inflation gauge rises at highest pace since February.
- Wall Street stocks slip with focus on Fed-favored inflation data.
Lawsuits are mounting against Trump policies, halting some of his decisions. Judge rules that Trump had overstepped his powers. The US is also drowning in IOUs: It owes other countries trillions.
Global Indexes
S&P 500
6500 Has become the new hurdle for the S&P 500 as it retreated from this level.
DAX
The DAX broke its 50 DMA support downwards to continue its correction.
HANG SENG
The HANG SENG is clueless about direction with a hammer and inverted hammer candle next to each other. These turning candles activated a strong positive move this morning.
NYSE & NASDAQ Stocks
NVIDIA Corporation
After the high wave candle against top resistance NVDA took the correction path.
Alibaba Group Holding Ltd
BABA stock made a breakaway gap due to a strong performance in its cloud computing segment, driven by AI product adoption.
JSE Stocks
JSE All Shares
The JSE All Shares remains uncertain about direction with a doji this time round.
Kumba Icon Ore Ltd
KIO is making an attempt to break its 200 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.
