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News in Brief
Bloomberg:
- Asia shares rise on big tech rally; Yields steady.
- Tech storms back as Nvidia’s 8% jump fuels AI bets.
- Adyen’s most bearish analyst predicts more steep stock declines.
MarketWatch:
- US stocks may bounce this week, but summer selloff is only halfway done, analysts warn.
- Zoom’s stock pops 4% on strong earnings , guidance.
- Tesla’s stock jumps 7% after Baird highlights Cybertruck, other ‘catalysts’ for the year.
- Another Wall Street bank cuts China growth forecast as rate moves disappoint.
- Opinion: The debt supercycle that hit the US and Europe has now come for China.
yahoo! finance:
- Nasdaq leads stocks into green as Nvidia and Tesla surge.
- Stocks open higher as Wall Street looks for August turnaround.
- Apple having an awful August.
- Xpeng stock upgraded by BofA analyst on Volkswagen pertnership.
Nvidia and Tesla lead the turn with with strong gains.
Global Indexes
S&P 500
The S&P 500 broke its short-term negative trend line. The bounce is still below its EMA8 line.
DAX
The DAX has now made a hammer and inverted hammer candle next to each other, both are turning candles. Notice how the inverted candle closed the previous open window (exhaustion gap).
HANG SENG
Even the HANG SENG is making a piercing candle (turning candle) today. Notice that Frontrunner is breaking up and the MACD is changing color.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla, Nvidia & Avgo lead the bounce on the US markets. Tesla made a breakaway gap after its exhaustion gap to close on its negative trend line. Notice that Frontrunner broke up and the MACD changed color in very oversold territory.
NVIDIA Corporation
NVIDIA topped the charts with its 8.5% breakaway gap. Notice the bullish candle 5 days earlier where insider information leaked!
JSE Stocks
JSE All Shares
Even the JSE All Shares made a piercing candle (turning candle). Frontrunner is breaking up with a MACD that is changing color in oversold territory.
Dis-Chem Pharmacies
Dis-Chem took the lead on the JSE. Needless to say again, but it comes with Frontrunner breaking up and a MACD changing color in oversold territory. Spotlight highlighted all these shares in Algomodel Signals Pro.
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.
