TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Japan leads Asian equity gains after benign US CPI.
- Stocks stabilize as US CPI doesn’t ‘Rock the Boat’.
- Drugmaker AstraZeneca’s market value soars past $200 billion.
MarketWatch:
- Wells Fargo strategist says investors may face 1995 rerun once Fed cut rates.
- Cisco to cut 7% of workforce, stock pops as AI spurs order growth.
- Opinion: Google’s breakup is an unlikely remedy in its antitrust case.
- Fed’s Powell to set table for September rate cut at Jackson Hole – but jobs data will determine the size.
yahoo! finance:
- New Starbucks CEO will be allowed to work 1,000 miles from HQ.
- Stocks rise as cooling CPI cements rate-cut bets.
- Buffett details new stakes as Berkshire retreats from Apple.
- Inflation holds steady in July.
- Wall Street has never been more sure lower rates are coming.
- With stunning move, Starbucks looks to end its crisis.
When the CEO of CMG left for Starbucks, the price of CMG dropped 7.5% while Starbucks gained 24.5%. Can you be so confident that he will make a difference … working 1,000 miles from HQ? Only time will tell!
Global Indexes
S&P 500
The S&P 500 closed on its 50 DMA resistance while the futures indicate that this will be broken today.
DAX
The DAX has now lifted off its EMA8 line following the US.
HANG SENG
The HANG SENG is making an engulfing bull candle, still hanging on its 200 DMA resistance.
NYSE & NASDAQ Stocks
Starbucks Corporation
The price of SBUX surpassed the average price of analysts in one day after the announcement of its new CEO. Notice the breakaway gap the day before the announcement …. insider trading is alive and well!
Eli Lilly and Co
LLY is continuing its positive trend with a steep trend angle.
JSE Stocks
JSE All Shares
The JSE All Shares is also following global markets higher.
Woolworths Holdings Ltd
WHL bounced on its 50 DMA. It must still break the negative 200 DMA resistance. Notice that its MACD is green.
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.
