TAGS: Technical analysis software
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News in Brief
Bloomberg:
- S&P 500 spikes to notch its longest rally in 2024.
- Stocks drift as caution reigns before Jackson Hole.
- Defense shares fall as report on Ukraine aid stokes concern.
MarketWatch:
- Stock market’s ‘fragile’ bounce at stake as Powell prepares Jackson Hole speech.
- Opinion: ‘Buffett sold half his Apple position – isn’t that market timing?’ asks 5–year-veteran trader.
- Apple is set to win in AI. That’s ‘already priced in.’
- AMD to make $4.9 billion AI acquisitions as it steps up race against Nvidia.
yahoo! finance:
- Asian stocks echo Wall Street’s rise on Fed bets.
- S&P 500 opens near record highs as wait for Powell begins.
- Tesla’s court move for Musk pay ‘never been done before’.
- Estee Lauder stock falls as CEO steps down, forecasts fall short.
The question facings the Fed at Jackson Hole is how much to cut rates in September.
Global Indexes
S&P 500
All indicators are still moving positively for the S&P 500 ahead of the Fed speech.
DAX
Similar for the DAX.
HANG SENG
The HANG SENG is struggling to get past its 50 DMA resistance. It opened above it this morning only to drop below it.
NYSE & NASDAQ Stocks
NVIDIA Corporation
The graph of NVIDIA looks similar to that of the index with no signs that its rally is stalling. It was one of the top performers again yesterday.
Berkshire Hathaway B Inc
BRK.B is busy breaking top resistance, also with a similar graph as its index.
JSE Stocks
JSE All Shares
The JSE All Shares broke its top resistance. Notice how similar its chart is to that of the US.
Impala Platinum Holdings Ltd
IMP closed just below important resistances without any sign of stalling.
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.
