TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Japan stock selloff halts global Rally.
- Stocks storms back on Fed day as Nvidia surges 13%.
- ASML, Tokyo Electron shielded from US chip export rules, For Now.
MarketWatch:
- Powell managed to thread the needle – and stocks loved it.
- Stock market surges after Powell affirms Fed rate cut could be on the table.
- Nvidia’s stock surges as Microsoft says the magic words.
- Stock-market investors want a Fed rate cut – but not a Wednesday surprise.
yahoo! finance:
- Fed holds rates steady, Powell sets stage for September cut
- Meta stock pops after earnings beat.
- AMD stock rises after earnings beat on chip sales.
- Boeing jumps after tapping new CEO as earnings miss.
- Hyundai Motor America to recall 49,000 vehicles: NHTSA.
- Starbucks’ in-line earnings ease fears of a bigger slump.
Analysts failed again with the tech stock predictions. We wonder if more heads are going to roll.
Global Indexes
S&P 500
The S&P 500 bounced on its 50 DMA to break its EMA8 line and close in all positive territory.
DAX
The DAX did the same.
HANG SENG
The HANG SENG is hesitating today with the Nikkei selloff.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA used its long-term trend line as support and bounced 12.8%.
Broadcom Ltd
Similar for AVGO. Notice that both shares were in oversold territory.
JSE Stocks
JSE All Shares
The JSE All Shares followed the US and broke top resistance with a 1.9% gain.
Harmony Gold Mining Company Ltd
Gold shares had the best day with HAR breaking its 50 DMA with a breakaway gap.
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.
