TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- AI drug discovery firm recursion surges following $50 million Nvidia investment.
MarketWatch:
- US inflation slows again – annual retail price rise is smallest in more than two years, CPI shows – even as Fed weighs another rate hike.
- June has the 12th straight month of declining inflation in the US.
- Inflation is cooling, but that does not mean cheaper trips to the grocery store.
yahoo! finance:
- FTC to appeal judge’s ruling clearing Microsoft-Activation deal.
- Stocks open with gains as inflation continues cooldown.
- Egg prices continue plunge, while food prices stay sticky.
The CPI data boosted a surge on markets.
Global Indexes
S&P 500
The S&P 500 broke top resistance with a gap.
DAX
The DAX broke its EMA8 line and 50-day moving average with one move.
HANG SENG
The HANG SENG was boosted with a breakaway gap and currently trading just above its two heavy weight resistances.
NYSE & NASDAQ Stocks
Dominos Pizza Inc
Dominos Pizza stole the day with its 11.1% gap. Notice that the breakaway gap happened about 3 weeks previously.
Alphabet Inc
Alphabet made a breakaway gap with divergence in place. The negative trend line is still acting as resistance.
JSE Stocks
JSE All Shares
The JSE All Shares launched itself, all the way to its 50-day moving average resistance. Notice the divergence of the turn.
Anglo American Platinum Ltd
Divergence also warned about a turn coming for Anglo American Platinum. Notice that its MACD also turned green.
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.
