TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Asian stocks gain, Treasuries rally into US PCE.
- Micron’s selloff highlight risk of sky-high AI expectations.
MarketWatch:
- Biden’s debate performance worries Democrats, boosts Trump’s odds with bettors.
- Nike’s stock falls as it looks to revive demand by selling fewer classic sneakers and rolling out more new ones.
- Is an AI stock bubble looming? That’s the $167 billion question.
yahoo! finance:
- Stocks inch higher with key inflation print looming.
- Nike stock sinks on revenue miss.
- Walgreens plunges most in at least 4 decades.
The DA threatened exit could collapse GNU after ANC reneges on proposal. This leaves the JSE in uncertainty.
Global Indexes
S&P 500
The S&P 500 inched higher ahead of key inflation data.
DAX
The DAX continues its sideways move with the index closing on its EMA8 line.
HANG SENG
The HANG SENG is lifting its head with all Asia markets, still in all negative territory below all resistances.
NYSE & NASDAQ Stocks
Chipotle Mexican Grill Inc
The correction of CMG started before the 50 to 1 split of the stock to close below its 50 DMA. You can correct your data for the split by choosing the reload data option when you right click on the stock.
Adobe Systems Incorporated
Adobe broke its 200 DMA to be in all positive territory. It is extending its positive trend towards the $633 estimate of analysts.
JSE Stocks
JSE All Shares
The JSE All Shares will continue its slide until GND is resolved satisfactory for all.
Sasol Ltd
Sasol is sitting on its 50 DMA not sure whether to continue the positive trend it started.
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.
