Flat day for Stocks

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News in Brief

Bloomberg:

Hong Kong gains despite flat day for Asia stocks.
Dow average touches 40,000 before pulling back.

MarketWatch:

Do Jones flirts with 40,000.
Record US stock market is not yet overbought, but it’s getting close.
Opinion: Stock market looks strong enough to stay in this higher orbit.
AMD supplants Nvidia as this analyst’s top chip stock – but he still likes both.
Apple could owe you up to $349 in the iPhone 7 settlement.

yahoo! finance:

Stocks pull back from records after Dow touches 40,000.
Fed officials are in no rush to cut rates.
Walmart’s strong forecast signals a resilient consumer.
China consumption unexpectedly slows in warning sign to economy.

After the Dow touched 40,000, stocks pulled back with profit taking.

Global Indexes

S&P 500

The S&P 500 also pulled back after the Dow touched 40,000.

DAX

The DAX made a downwards piercing candle to stall its positive trend.

HANG SENG

The HANG SENG is still in its positive trend trading near the low of the day currently.

NYSE & NASDAQ Stocks

Advanced Micro Devices Inc

AMD opened with a gap but also pulled back after touching its 50 DMA.

Caterpillar Inc

Caterpillar is giving all the signs of a correction. It broke its 50 DMA and short-term trend line with a P1 Power signal and a MACD that changed color. This could be a start of leg c of an abc correction.

JSE Stocks

JSE All Shares

The JSE All Shares was still moving positively in overbought territory, just above resistance. The JSE was only open while the US did not pull back yet.