TAGS: Technical analysis software
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News in Brief
Bloomberg:
- China markets warn Xi that more stimulus is needed to fuel rally.
- China’s stock euphoria cools as traders reassess stimulus bets.
MarketWatch:
- Nvidia’s stock is closing in on a record. Wall Street sees big beats ahead.
- Microsoft’s stock heads for a ‘death cross’.
- Boeing on the hook for $1 billion a month because of strike.
yahoo! finance:
- Tech and Nvidia lead stock rebound.
- Asian stocks to rise after tech lifts Wall Street.
- China’s scorching rally takes a breather to wait on stimulus.
While China stocks took a breather, tech took the lead again.
Global Indexes
S&P 500
The S&P 500 is heading towards top resistance and closed just below it.
DAX
The DAX is still hanging on its EMA8 line.
HANG SENG
The HANG SENG is still retreating from its extreme overbought territory and in neutral territory now.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA is on its way to test top resistance after breaking the triangle it was forming.
Chipotle Mexican Grill Inc
CMG is completing its J-curve on its 200 DMA. Frontrunner gave a P1 Power Signal.
JSE Stocks
JSE All Shares
The JSE All Shares has also moved with China out of its overbought situation.
British American Tobacco PLC
BTI is signaling a turn in oversold territory. It made an engulfing bull candle while breaking its negative trend line.
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.
