TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Bond losses extend to Asia as stocks tread water.
- S&P 500 runs into roadblock after winning streak.
MarketWatch:
- Opinion: Apple’s shockingly bad iPad ad is poorly timed and raising many questions.
- Opinion: Apple’s AI future can be summed up with a big question mark.
- Stock-market bulls shouldn’t fear a long Fed pause before interest-rate cuts.
- Sweden becomes second central bank to cut rates.
- China rally hasn’t been chased by option traders, Bank of America says.
yahoo! finance:
- Growing chorus of Fed officials say rates will stay high.
- Bank of England likely to move closer to first rate cut since 2020.
- Tech drag stocks lower as rally falters.
- Uber tumbles as Q2 forecast disappoints.
- Stock buybacks are booming.
All the buybacks of stocks are a sign that corporate America is bullish on the US economy. Rat cuts are still a question mark.
Global Indexes
S&P 500
The S&P 500 was unchanged after the uncertain doji in overbought territory.
DAX
The DAX closed with a small body candle on its top resistance.
HANG SENG
The HANG SENG closed below its 18400 level yesterday and managed to climb back to day to currently trade just above it.
NYSE & NASDAQ Stocks
Broadcom Ltd
Broadcom made an engulfing bull candle against its negative resistance line.
Uber Technologies Inc
A poor forecast from Uber caused it to gap down with a 5.7% drop.
JSE Stocks
JSE All Shares
The JSE All Shares managed to extend its positive trend in overbought territory.
Barloworld Ltd
Barloworld bounced down from top resistance with a frontrunner trending down and a MACD that turned red.
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.
