TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Chinese export boom can’t stop economy’s slowdown.
- US-China talks planned next week as Trump plays down tariffs.
- Xi rare earth shock gives Trump chance to win back US allies.
MarketWatch:
- This government shutdown could be the longest ever – maybe running until Thanksgiving.
- There’s one key piece of chart evidence missing to call for a stock-market correction.
- Micron is pulling out of the data-center chip business in China.
yahoo! finance:
- US stock futures steady with shutdown, earnings season in focus.
- America’s spending gap is growing.
- Trump offers US automakers additional relief from its tariffs.
- Nvidia unveils first Blackwell chip wafer made with TSCM in US.
- Tesla, Netflix to report earnings as the government shutdown drags on.
Stocks notch weekly gains as Trump says China talks back on track. Asia markets opened very strong today.
Global Indexes
S&P 500
The S&P 500 is moving sideways with all its latest candles touching its EMA8 line.
DAX
The DAX made a gap down and is hanging on its 50 DMA with an uncertain long-legged doji.
HANG SENG
The HANG SENG continued its negative trend and is hanging on its 50 DMA in oversold territory.
NYSE & NASDAQ Stocks
Estee Lauder Companies
EL was the best performer of the week. It is now however in overbought territory with divergence in place.
American Express Company
AXP was the best performer of the day making a new high.
JSE Stocks
JSE All Shares
The JSE All Shares breached some important tight supports. We will only know today if it is a confirmed break.
Sibanya Stillwater Ltd
SSW reversed its previous gain with a 9.8% drop. Notice that we have divergence in place with a P2 Power Signal.
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.
