TAGS: Technical analysis software
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News in Brief
Bloomberg:
- China stocks eye gains; S&P 500 steady on Powell.
- Stocks hold near peak on Powell’s ‘Balanced’ tone.
MarketWatch:
- Nvidia’s stock sees some gains melt – but an analyst glimpses big upside ahead.
- Salesforce and other software stocks are expected to bounce back in a big way.
yahoo! finance:
- Stocks build on records as Powell sticks to rate-cut script.
- Tesla soars to 10th straight day of gains.
- Most top CEOs are keeping their money away from Trump and Biden.
Markets are holding their breath for Powell. His stance will determine the next trend direction.
Global Indexes
S&P 500
The S&P 500 cautious with another small body candle.
DAX
After two indecision candles the DAX took the correction path.
HANG SENG
The HANG SENG is attempting to make a turn. It first made a high wave candle and now an inverted hammer doji. It is however still below resistances.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla wiped out 11 weeks of losses within 1 week. It is now in extreme overbought territory as its Trend Factor turned green.
Eli Lilly and Co
LLY extended its steady trend surpassing analysts’ average estimate.
JSE Stocks
JSE All Shares
The JSE All Shares is still holding steady above its positive trend line.
Satrix 40 Portfolio
Similar for the Satrix 40 Portfolio.
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.
