TAGS: Technical analysis software
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News in Brief
Bloomberg:
- US equity futures rise as Fed cut boosts sentiment.
- Stock traders ‘Sell the News’ after Fed goes big.
- Chinese chip stocks jump after claims of equipment breakthrough.
MarketWatch:
- Dow falls over 100 points, stocks end volatile session lower after Fed’s half-point rate cut.
- Opinion: Attractive Nvidia and Alphabet prices could be a stock-market October surprise.
yahoo! finance:
- Stocks end lower after Fed cut, Powell comments.
- Bankrupt Tupperware failed to change with the times.
- Talks between Boeing, striking union stall without a deal.
Stocks had a volatile session after the Fed decision to close lower. After reassessment the futures are very strong.
Global Indexes
S&P 500
The S&P 500 had a volatile session and closed with an inverted hammer. Its current futures however shows a 0.87% gain. If this gain holds it will break top resistance.
DAX
The DAX was still uncertain with a small body candle.
HANG SENG
The HANG SENG opened strong today and its positive trend line is developing.
NYSE & NASDAQ Stocks
Amazon.com Inc
Amazon.com made another long-legged doji. It now has 4 indecision candles next to each other.
Alphabet Inc
GOOG also has two uncertain doji’s next to each other. Its average price target remains $205 by analysts while it is still below the lowest price target of $170.
JSE Stocks
JSE All Shares
The JSE All Shares was also uncertain with a hammer candle.
Spar Group Ltd
Spar broke resistance with a MACD that turned green.
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.
