TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Treacherous September is leaving traders everywhere on edge.
- JPMorgan’s Matejka says stocks risk stalling even with rate cut.
MarketWatch:
- US stock-market rebound faces ‘huge’ jobs reports after Labor Day weekend.
- Labor Day hotel strikes reflect frustrations of a workforce largely made up of women of color.
yahoo! finance:
- Crucial jobs report watched for repeat of July shock.
- Asian equities advance as Yen steadies after drop.
- Tesla’s China sales rise 3% in August.
Traders brace for labor data deluge. Markets await US opening for direction.
Global Indexes
S&P 500
The S&P 500 is busy building a flag. The flag break will give new direction. This market was closed yesterday.
DAX
The DAX stalled at its 18,900 level with a hammer and inverted hammer candles. It also made a P2 Power Signal in extreme overbought territory.
HANG SENG
The HANG SENG is hanging on its EMA8 line, still above its 50 DMA.
NYSE & NASDAQ Stocks
These markets were closed yesterday.
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 is also hanging on its EMA8 line, waiting for US direction. Notice that Frontrunner is showing the correction path and the MACD is on the edge of turning red.
Bidvest Group Ltd
The P2 Power Signal at top resistance for BVT was confirmed with the following decline.
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.
