TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Stocks drop on Fed-cut pushback, earnings.
- S&P 500 has its worst Fed-decision day since March.
- China stocks sink to five-year low as traders unwind rescue bets.
MarketWatch:
- Amazon’s massive earnings-growth story is about to be on display once again.
- Apple earnings are on tap. Can the iPhone maker snap an ugly streak?
- Microsoft earnings may have offered a big bullish clue about cloud growth.
- Meta platforms is primed for a big quarter with ads, AI push.
yahoo! finance:
- Powell pushes back on March rate cut expectations.
- Stock sink after Fed holds rates steady.
The US markets did not like the Fed rate cut pushback and markets made a large drop.
Global Indexes
S&P 500
The Fed’s decision caused the S&P 500 to make a breakaway gap downwards and close below its EMA8 line.
DAX
The top resistance of the DAX turned out to be a big hurdle and the index bounced down.
HANG SENG
The HANG SENG made a bounce but is still trading below its EMA8 line in all negative territory.
NYSE & NASDAQ Stocks
Apple Inc
The graph of Apple is showing that you must not expect much from its results to be announced (insider information?). It even made a negative gap yesterday. Notice where Frontrunner broke down with a P1 Power Signal and the MACD changed color.
Alphabet Inc
Similar signals can be seen on Google’s chart. Its Q4 earnings miss caused a huge breakaway gap. It is also busy breaking the positive trend line with a MACD that turned red.
JSE Stocks
JSE All Shares
The JSE All Shares was still uncertain what was going to happen in the US and thus made a long-legged hammer turning candle.
Harmony Gold Mining Company Ltd
Harmony stalled with an inverted hammer and doji candles at its top resistance and then made a breakaway gap downwards.
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.
