TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Warsh’s inflation warning sets up September showdown for the Fed.
- Canada’s economy grows 3.3% as exports, investment rebound.
- Chinese chipmaker CXMT’s sales soar amid memory crunch.
- Tencent touts new AI model it claims outperforms Z.AI Moonshot.
MarketWatch:
- PayPal’s stock sinks as suitors reportedly walk away from their takeover bid.
- Is Nvidia heading for $1 trillion in annual revenue? One analyst now thinks that’s possible.
- Nvidia’s revenue is so huge that Wall Street wonders if SpaceX is the reason.
- Microsoft’s stock seals it longest winning streak for the year as AI software fears fade.
yahoo! finance:
- Nvidia could hit a $13T market cap: Analyst.
- Warsh says the Fed is keeping a close watch on AI.
- Stocks end week on down note as rate-hike bets jump.
Trump rules out attack on Nato. The Strait of Hormuz standoff keeps escalating – B-1 crews are already preparing for the next move – “Everyone is watching”.
US forces strike Iranian rocket launchers in Strait of Hormuz as IRGC warns of ‘retaliatory response’.
Global Indexes
S&P 500
The uncertainty continues with a high wave candle for the S&P 500 on its EMA8 line.
DAX
The DAX was more positive and closed with a gap above top resistance.
HANG SENG
The HANG SENG is still moving sideways closing on its EMA8 line.
NYSE & NASDAQ Stocks
NVIDIA Corporation
Nvidia’s stock dropped due to a mix of post-earnings profit-taking, a pause in its AI cloud financing program, and rising memory chip costs that threaten profit margins. It closed half of the gap that was created by earnings results.
Amazon.com Inc
AMZN bounced on support and broke its negative trend line.
JSE Stocks
JSE All Shares
The JSE All Shares made a J-curve with doji’s marking the curve.
Anglo American PLC
AGL broke top resistance to continue its positive trend.
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.
