TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Stocks rebound after selloff, Yen erases gains.
- Treasuries soar as jobs fuel bets on jumbo Fed cut.
- Bonds climb and stocks waver after weak JOLTS data.
MarketWatch:
- US auto sales shrinks as high interest rates discourage buyers.
- Nvidia, beware – the top spot in S&P 500 valuations is often a slippery slope.
- Former Fed official says investors can get distracted by ‘bouncing ball’ of economic data.
- Asia’s chip manufacturers dive in wake of Nvidia’s record selloff.
yahoo! finance:
- Nasdaq, S&P slip as sluggish September start continues.
- US economy is slowing, but still has momentum, former official says.
- Fed seen more likely to deliver bigger rate cuts as job openings fall.
- Volvo scales back EV ambitions.
- Investors should ‘go for gold’ as Fed cut looms: Goldman.
Most Global markets have stabilized still above their 50 day moving averages after the selloff. Shares are making lots of indecision and uncertain patterns about current direction.
Global Indexes
S&P 500
The S&P 500 made an inverted hammer on its 50 DMA.
DAX
The DAX also made an inverted hammer with a gap. It is still a distance away from its 50 DMA support.
HANG SENG
The HANG SENG is currently trading with un uncertain doji on its 50 DMA.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla is defying the odds with an engulfing bull candle, still below its 50 DMA.
Advanced Micro Devices Inc
AMD made an indecision high wave pattern.
JSE Stocks
JSE All Shares
The JSE All Shares made a hammer candle just above its 50 DMA support.
Naspers Ltd
NPN made an indecision high wave pattern inside the flag its forming.
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.
