TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Chinese investors dump record amount of US stocks and bonds.
- Asian stocks, Currencies fall as sentiment sours.
MarketWatch:
- Nvidia, AMD shares move in opposite directions after good news on AI demand.
- Dow drops as Wall Street weighs the odds of Biden leaving the White House race.
- Tesla earnings bring focus on self-driving, and a new appreciation for energy-storage business.
yahoo! finance:
- Netflix adds 8 million subscribers, disappoints on revenue outlook.
- Dow falls over 500 points, Nasdaq slides as tech rout continues.
- Asian stocks fall on tech rout contagion, global uncertainty.
We have a continuation of the selloff.
Global Indexes
S&P 500
The S&P 500 closed below its EMA8 line and our positive long-term trend line.
DAX
The DAX echoed the negative sentiment to close below its EMA8 and 50 DMA lines.
HANG SENG
Similar for the HANG SENG, nearing its 200 DMA support.
NYSE & NASDAQ Stocks
NVIDIA Corporation
The AI demand news kept NVIDIA above its $118 support with a hammer candle. The move was not enough to change the color of the MACD.
Eli Lilly and Co
Eli Lilly is making the biggest correction after news that it has strong competition for its obesity drug.
JSE Stocks
JSE All Shares
The JSE All Shares is unsure about direction with an inverted hammer candle at close.
Bid Corporation Ltd
BID made a strong move to close above its 50 and 200 DMA lines.
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.
