TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Global stocks optimism flashes sell signal, BofA survey shows.
- Chinese stocks slide, fueling concern over market’s outlook.
MarketWatch:
- Opinion: Whether Harris or Trump wins, it’s a sure bet the stock market will thrive.
- UBS has just lowered earnings estimates – and raised its S&P 500 target.
- Nvidia, AMD shares extend drops as investors get spooked – but should they be?
yahoo! finance:
- Nasdaq leads declines as chipmakers sink.
- Google will help build 7 nuclear reactors to power AI systems.
- Walgreens stock soars as it plans to close 1,200 stores.
- Apple stock hits record on AI optimism.
- Chinese stocks flirt with correction as investor patience wanes.
As a flood of third quarter earnings reports hit Wall Street, investors are digesting key results from several big names.
Global Indexes
S&P 500
The S&P 500 made an engulfing bear candle, still above the trend lines.
DAX
The DAX also applied brakes at its top resistance.
HANG SENG
While a further stimulus is not confirmed the HANG SENG is trending lower.
NYSE & NASDAQ Stocks
NVIDIA Corporation
After touching top resistance profit taking stepped in for NVIDIA with a 4.5% drop.
Apple Inc
Apple touched top resistance with an indecision high wave candle. Top resistances need extra steam to be broken.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower.
DRDGOLD Ltd
DRD gave a divergence P2 Power Signal at current level. Notice where the other P2 signals occurred.
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.
