TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks fall with Fed , BOJ decisions ahead.
- Stock rotation hits Megacaps as Apple sinks.
- Nestle gets rare sell rating as Morgan Stanley adds to tide of growing skepticism.
- Chinese stocks in Hong Kong swing to gain as stimulus calls grow.
MarketWatch:
- Dollar is weakening ahead of Fed rate cut.
- Dow scores new record close as expectations grow for jumbo rate cut.
- Fed interest-rate cuts could boost stocks, or sink them.
- Manufacturing activity expands in New York region for first time in almost a year.
yahoo! finance:
- Nasdaq slides as countdown to Fed kicks off.
- Democratic senators call on Fed to cut rates by 75 basis points.
- After layoffs, Tesla’s Supercharger expansion slows.
- Mercedes-benz sees more Indian buyers choosing EVs as first luxury car.
- Apple slumps as analyst warns of weaker iPhone 16 demand.
- Tupperware Brands plans to file for bankruptcy.
The countdown to Fed’s decision has begun.
Global Indexes
S&P 500
The S&P 500 is still edging towards top resistance with the Fed decision pending.
DAX
The DAX made an uncertain doji with an outside/inside formation.
HANG SENG
The HANG SENG broke resistance for the second time to be back in positive territory. Notice that we do have a rising bottom, with a rising top as well, a new bull trend will be confirmed.
NYSE & NASDAQ Stocks
Apple Inc
The new iPhone 16 sales are not helping Apple’s share price. It made a breakaway gap downwards.
Solaredge Technologies Inc
We gave the thumps up for SEDG in our previous market review. It is coming off a low base a Power P2 signal in oversold territory. Average price target is $49 by analysts. There is still a 126% gain potential if it can reach its average target.
JSE Stocks
JSE All Shares
The JSE All Shares is also waiting for the Fed’s decision with a doji.
Impala Platinum Holdings Ltd
Platinum shares are following the platinum price higher with IMP the leader. It smashed its negative trend line with a 27.5% gain for the past week.
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.
