TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Wall Street risk complex defies rate threat after jobs data.
- US firms near Canada border unite to demand trade war’s end.
- China’s 26% earnings boom lands with a thud in the stock market.
MarketWatch:
- August jobs report: US added 162,000 jobs in August, unemployment rate remains at 4.1%.
- Volkswagen’s stock gets boost from plan to double job cuts to 100,000.
- Tesla investors await updates on Cybercab robotaxi touted as the ‘future of transport’.
- Trump’s latest threat – to stop trading with some countries unless there’s a rate cut – risks shock to US economy.
yahoo! finance:
- Trump threatens embargoes unless the Fed cuts rates.
- China’s Xi to bring large CEO delegation on US visit.
- Bessent sees oil as low as $40 post-Iran war, taking yields down.
- Amazon cargo plane overshoots runway in Miami, killing five.
US President Trump demands Europe repay billions in Ukraine aid as African nations push back against US deals tied to critical minerals.
Global Indexes
S&P 500
The S&P 500 is in a sideways trend between 7600 and 7800.
DAX
The DAX closed just below its EMA8 line also in a sideways trend.
HANG SENG
The HANG SENG closed on its 200 DMA resistance. Notice how its 50 DMA is forming a saucer formation.(Positive sign)
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVDA is hovering near top resistance with a high wave candle with an estimated 42% upside potential.
Micron Technology Inc
MU advanced with a gap. It has an upside potential of 48.8% with a strong buy recommendation by analysts.
JSE Stocks
JSE All Shares
The JSE All Shares closed with a long-legged uncertain doji.
Impala Platinum Holdings Ltd
IMP took a breather on its 200 DMA.
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.
