TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Amazon, Microsoft results show AI spending spree remains solid.
- EU seeks bidders for planned ‘AI Gigafactories’.
- Mexico economy rebounds more than expected in second quarter.
MarketWatch:
- Get ready to buy the dip in tech stocks: The recent selling won’t break the bull market.
- GDP shows the economy grew 1.5% in the second quarter – but it’s even better than it looks.
- Dow, S&P 500 and Nasdaq trade higher after Big Tech earnings, inflation data.
- Apple stock sinks, as iPhone and Mac demand has been so strong that the company is now in a bind.
- Amazon’s stock climbs as earnings show robust cloud growth.
yahoo! finance:
- Korean stocks jump record 14% on renewed AI trade optimism.
- Microsoft stock’s 15% jump makes stock market history.
- Microsoft stock soars after $41B AI bet clears major test.
- Meta stock sinks on earnings miss, ‘barely passable’ quarterly results.
US launches fresh round of strikes as ‘powerful response’ to Iran in campaign that could last weeks. News broadcast halted as Trump humiliated in major announcement.
Global Indexes
S&P 500
The S&P 500 bounced out of oversold territory to close above its EMA8 line, still below its 50 DMA resistance.
DAX
The DAX continued its positive trend after touching its EMA8 support.
HANG SENG
The HANG SENG closed for a second day above its 200 DMA, with an uncertain doji.
NYSE & NASDAQ Stocks
Microsoft Corporation
MSFT made a breakaway gap to close above its 200 DMA resistance. Notice where the high volumes stepped in to buy the stock. Frontrunner predicts more highs to come.
Micron Technology Inc
After about a 40% correction MU bounced 18.4%.
JSE Stocks
JSE All Shares
The JSE All Shares also lifted its head above resistances.
Mondi plc
MNP was the winner of the day with its 12.3% gain closing above its 200DMA resistance. Notice where Frontrunner spiked to warn that new highs were coming.
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.
