TAGS: Technical analysis software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- S&P 500 spikes in last 10 minutes of US trading.
- Option traders spend $9 million betting on September volatility spike.
MarketWatch:
- US stock-market rebound faces ‘huge’ jobs reports after Labor Day weekend.
- Nvidia’s stock-buyback plan is one of the biggest of 2024.
- Intel’s stock soars on hope of business split. Analyst says, ‘don’t fall for it.’
- Goldman Sachs cutting up to 1,800 workers after performance reviews.
- Harris now leads Trump in swing states, according to polling average.
yahoo! finance:
- Crucial September jobs report kicks off a new month.
- Asian stocks decline as China’s economy falters.
- Expect profit taking before & after Fed rate cuts: Strategist.
- Buffett unloads another $848m in Bank of America stock.
- China factory activity extends slide as headwinds mount.
US markets will be closed today for Labor Day. It is very easy to buy a share, but most difficult to decide when to sell.
Global Indexes
S&P 500
The S&P 500 is busy building a flag. The flag break will give new direction.
DAX
The DAX stalled at its 18,900 level with an inverted candle. It is in extreme overbought territory.
HANG SENG
The HANG SENG is currently trading on its first support, its EMA8 line. It gave a P2 Power sell signal with divergence in place (purple lines).
NYSE & NASDAQ Stocks
Caterpillar Inc
After the indecision candle CAT is extending its positive trend. Notice that is already past the average prediction price of analysts.
Amazon.com Inc
After forming a J-curve on its 200 DMA, AMZN bounced to close above its negative trend line.
JSE Stocks
JSE All Shares
The JSE All Shares had a negative day, still inside the flag it is busy building.
Bidvest Group Ltd
BVT made a piercing candle with a P2 Power Signal at top resistance. Notice the accuracy of its previous power signals.
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.
