TAGS: Share value analysis.
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News in Brief
Bloomberg:
- Chinese stocks jump as Beijing adds fresh economic support.
- Asia stocks rally as China’s stimulus lifts mood.
- Big tech earnings whipsaw QQQ in late trading.
MarketWatch:
- Opinion: Microsoft and Alphabet results show Wall Street only cares about AI.
- Microsoft blows past earnings estimates as cloud growth comes in hot.
- Google parent Alphabet’s business growth is fastest in more than a year on advertising rebound, but cloud segment disappoints.
- Visa’s outlook comes in better than feared, but stock dips after earnings.
- Texas instruments’ stock slides after Q3 revenue miss, weak guidance.
yahoo! finance:
- Stocks rise as earnings flood in, yields stabilize.
- Microsoft cloud growth reflects pivot to AI: strategist.
- Microsoft beats on earnings, stock jumps.
Earnings reports boosted the markets as Big Tech continues its comeback.
Global Indexes
S&P 500
After the indecision high wave candle the S&P 500 moved positively to close above its 200 DMA.
DAX
The DAX also confirmed its long-legged hammer turning candle with a positive move.
HANG SENG
The HANG SENG made a strong breakaway gap today to currently trade on its EMA8 line.
NYSE & NASDAQ Stocks
The Coca-Cola Co
Coca-Cola started its positive trend after it broke its negative trend line. It has now added a gap to its positive trend. Notice that it made a breakaway gap more than a week ago (insider information!).
Caterpillar Inc
Caterpillar is finding support at its 200 DMA with two hammer candles next to each other in oversold territory.
JSE Stocks
JSE All Shares
The hammer candle of the JSE All Shares was also confirmed with a positive move. Notice that we have divergence in place.
Naspers Ltd
The high wave candle of Naspers was also confirmed with a positive move. We also had divergence in place for this turn.
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.
