TAGS: Technical analysis software
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News in Brief
Bloomberg:
- China’s stock boom may turn to bust as in 2015, Nomura warns.
- China property stocks slump as caution grows after record rally.
MarketWatch:
- Dockworkers union agrees to suspend port strike until Jan. 15 after tentative deal.
- Investors fearing a scary start to October should focus instead on Friday’s jobs report.
- The ‘debasement trade’ boosting bitcoin and gold may continue, says JP Morgan.
yahoo! finance:
- Jobs report on deck.
- Oil at $100 a barrel? Some traders are making the bet.
- The dockworkers strike over automation is just the beginning.
- The Fed’s in no rush to cut. That’s about to be put to a test.
- Nvidia jumps after CEO touts ‘insane’ chip demand.
The Jobs Data report will be the main catalyst that will influence markets today.
Global Indexes
S&P 500
The S&P 500 awaits new data for direction as it closed with an uncertain doji.
DAX
Profit taking continued at the DAX as it dipped below its EMA8 and positive trend lines.
HANG SENG
The HANG SENG is continuing its strong trend today.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIAT bounced on its 50 DMA after the positive comments from its CEO.
Advance Micro Devices Inc
AMD also responded to NVIDIA’s CEO comments but hesitated just below its long-term negative trend line.
JSE Stocks
JSE All Shares
The JSE All Shares is forming a flag in anticipation what will happen on global markets.
Sasol Ltd
Sasol broke its negative trend line and has gained 10.4% for the week with a MACD that also 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.
