TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Nasdaq 100 falls 1% as Nvidia hit before earnings.
- US futures waver as investors assess rate path.
MarketWatch:
- Any way you look at it, the stock market is dangerously overvalued now.
- Bullish sign for stocks could pave way for positive six to 12 months.
- Nvidia’s earnings may swing the stock market this week. BofA Global says.
- Unemployment is the Fed’s biggest enemy now, Powell says – not inflation.
yahoo! finance:
- Dow closes at record high while S&P 500, Nasdaq slide as tech lags.
- OpenAI, Adobe, Microsoft support California bill requiring watermarks on AI content.
- AI’s insatiable energy demand is going nuclear.
- Oil heads for 3% rise amid Mideast fears, Libya shutdowns.
The Fed’s focus has shifted to Unemployment now. Nvidia is struggling ahead of earnings report with high stakes looming for the AI trade.
Global Indexes
S&P 500
The S&P 500 remains in overbought territory just below top resistance.
DAX
The DAX is also hesitating just below resistance.
HANG SENG
The HANG SENG is slowly building a new positive trend above its moving averages.
NYSE & NASDAQ Stocks
Exxon Mobil Corporation
XOM remained one of the strong movers. We will have to see if it can lift past its sideways movement this time round.
Chipotle Mexican Grill Inc
CMG is building further on its positive trend and closed above its 200 DMA. Its average target price has been adjusted to $63 after the departure of their CEO.
JSE Stocks
JSE All Shares
The JSE All Shares is following global markets with hesitation in overbought territory.
Woolworths Holdings Ltd
Woolworths is building a flag against its long-term negative trend line. It also made an indecision high wave candle against it.
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.
