TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- US stock plows forward amid peak-rate bets.
- Bonds rally after UK inflation cools; Pound drops.
MarketWatch:
- Opinion: As investors worry about lower Tesla margins, Musk says full self-driving is key to future profits.
- Tesla reports 47% rise in sales for its second quarter, but profitability shrinks.
- Netflix earnings bring big subscriber windfall, but stock gets dinged on light revenue forecast.
- Goldman Sachs alone among US banks in missing Wall Street earnings target.
yahoo! finance:
- Stocks higher as win streak continues amid earnings deluge.
- Tesla beats on earnings, but price cuts weigh on margins.
- Netflix subscribers growth surges as stock falls on outlook.
- Goldman Sachs profit plunge 58% in Q2.
- Stocks waver as investors absorb Goldman results.
Earnings optimism is driving markets higher while the results of Goldman made it waver.
Global Indexes
S&P 500
The S&P 500 is uncertain about its current move and closed with a doji to confirm the uncertainty.
DAX
The DAX is also uncertain and closed near the low of the day.
HANG SENG
The HANG SENG is even more uncertain and is currently trading with an inverted hammer candle that touched its 50-day moving average at the top resistance and on its EMA8 line as support at the bottom.
NYSE & NASDAQ Stocks
Halliburton Company
The uncertainty of Haliburton started with a doji 6 days previously and closed with a long-legged doji yesterday. If its bottom support of the sideways movement gets broken, downwards movement will be confirmed.
FedEx Corporation
FedEx is showing uncertainty with a gap (could be an exhaustion gap), a long-legged doji and a hammer candle. Its rally might be over for now.
JSE Stocks
JSE All Shares
The JSE All Shares is just as uncertain and followed its hammer candle with a doji.
British American Tobacco PLC
The correction of British American Tobacco might finally be over. It reached its low with an exhaustion gap and bounced with divergence in oversold territory. Its MACD also changed color.
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.
