TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Chinese Kitchenware Maker Carote surges in Hong Kong Debut.
- Options scenario that’s led to Hong Kong stock gains is back.
- China stocks trounce EM peers by most since 1999 in sudden shift.
MarketWatch:
- Iran fires dozens of missiles into Israel as Middle East conflict escalates.
- Stocks deteriorate as oil jumps with Iran retaliation vs. Israel called imminent.
- ‘I will cripple you’: Port union vows to shut down US economy with strike.
- Boeing reportedly considers issuing $10 billion in new shares as strike lingers.
- Chinese stocks could be headed for a ‘megarally’ with gains of up to 100%, veteran analysts says.
yahoo! finance:
- Stocks slide, oil jumps as Middle East tension escalates.
- Stocks slip to start Q4 with key data on deck.
- Nike stock tumbles as revenue falls short of Wall Street estimates.
- Samsung to cut thousands of jobs amid AI struggles.
- US job openings tick up to 8 million in August as labor market continues to show resilience.
- Microsoft revamps AI Copilot with new voice, reasoning capabilities.
Wall Street kicks off Q4 as port strike begins and Middle East conflict escalates, influencing the markets.
Global Indexes
S&P 500
The S&P 500 retreated from top resistance with the current uncertainties.
DAX
So did the DAX.
HANG SENG
Nothing is stopping the HANG SENG that has no brakes. Another 5.8% gain this morning.
NYSE & NASDAQ Stocks
American Express Company
AXP gave a P2 Power Signal at top resistance with divergence in place (purple line).
Exxon Mobil Corporation
Oil shares are benefitting from the Middle East conflict with XOM the leader.
JSE Stocks
JSE All Shares
The JSE All Shares made an uncertain high wave candle watching what is happening on world markets.
Sasol Ltd
Sasol gave a P2 Power Signal with an uncertain high wave candle. It has not followed world oil shares yet.
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.
