TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Chinese stocks erase gains as briefing lacks major stimulus.
- SAP dethrones ASML as Europe’s most valuable technology firm.
MarketWatch:
- Nvidia is the ‘single most important company’ for investors. Numbers prove why.
- ETFs that buy Chinese stocks struggle lately amid ‘lost faith’ in Chinese stimulus.
- Bank earnings: Morgan Stanley scores huge profit beat, lifting its stock.
- Dow ends at record high; S&P 500, Nasdaq bounce after tech pullback.
yahoo! finance:
- Nvidia is set to dominate another Big Tech earnings season.
- Oil inches up after surprise drop in US crude piles.
Currently the banks are stealing the limelight with huge profit beats.
Global Indexes
S&P 500
The S&P 500 remains in a positive trend above its EMA8 line, inching towards top resistance.
DAX
The DAX is hanging on its top resistance, also above its EMA8 line.
HANG SENG
The HANG SENG is currently making an uncertain doji below its EMA8 line.
NYSE & NASDAQ Stocks
NVIDIA Corporation
After the selloff at top resistance NVIDIA bounced back with a 3.1% gain. We will have to wait patiently for its earnings.
Mastercard Inc
MA completed its J-curve and is well on its way to analyst predictions.
JSE Stocks
JSE All Shares
The JSE All Shares made a piercing candle to close on our negative trendline.
Nineteen One Plc
N91 made 4 turning candles next to each other with a P2 Power Signal in extreme overbought territory. There were ample warnings before the 4.3% correction.
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.
