TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Stocks caught in tug of war between tech and rest.
- Yen’s gain sparks ‘Widespread Liquidation’ across markets.
MarketWatch:
- S&P 500 logs worst 3-day drop since October as tech stocks flounder.
- Stock-market drop offers reminder that rate cuts don’t always cheer investors.
- Buy the dip on Nvidia and other chip stocks? Not quite yet, says analyst.
- Ford’s stock books worst drop since 2008 on warranty ‘surprise,’ EV woes.
- Opinion: The CrowdStrike chaos will happen again.
yahoo! finance:
- Newman: Biden dropped out. Trump should too.
- Chip stock sell-off opens door for long-term plays: Analyst.
- Nvidia is trying to revolutionize healthcare.
- US economy booms as GDP growth blows past expectations.
- OpenAI announces SearchGPT in challenge to Google.
- CrowdStrike’s CEO says 97% of sensors hit by outage back online.
Stock tumbles are always faster than growth trends but do offer opportunities if you were left behind.
Global Indexes
S&P 500
The S&P 500 made an inverted hammer candle on its 50 DMA during its downward trend..
DAX
The DAX made a gap in its downward path. This could be an exhaustion gap.
HANG SENG
The HANG SENG is hanging on its 200 DMA with an inverted hammer and zero movement.
NYSE & NASDAQ Stocks
Ford Motor Company
Ford made a 18.4% downwards breakaway gap. Notice the accurate P2 Power signals on this chart. It closed below all support in all negative territory.
Halliburton Company
Halliburton used its $32.62 again as support with a large engulfing bull candle. This can be a potential triple bottom pattern with an average target of $46.
JSE Stocks
JSE All Shares
The JSE All Shares remains uncertain about direction, this time with a long-legged hammer candle. We now have 3 uncertain candles next to each other.
British American Tobacco PLC
BTI is now well on its way to its target price of R698. Notice that we have a positive Trend Factor after being red for a very long time.
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.
