TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Shifting Fed views boost Dollar, weigh on stocks.
- Stocks struggle in late hours as McDonald’s slumps.
- Stocks decline as Wall Street mulls Fed-cut pace.
- Tokyo Metro’s solid demand boosts bull case for Japan stocks.
MarketWatch:
- Sharp stock selloff in early August might be preview of coming events, IMF warns.
- Opinion: The stock market is ready for its melt-up as investors ignore growing risks.
- Tesla earnings are the ‘next big thing’ for the EV maker as it tries to be magnificent again.
- Industrials sector takes hit as GE’s stock dives.
yahoo! finance:
- McDonalds’s stock sinks as E. coli outbreak linked to quarter-pounder.
- Bank of America CEO urges Fed to not go too hard on rates.
- Stocks slip as yields climb, forcing Fed rate-cut rethink.
- The case for a ‘Magnificent 7’ resurgence.
- GM surges on earnings beat, another profit forecast hike.
Earnings are still streaming in causing fluctuation on markets with beats and misses of earnings.
Global Indexes
S&P 500
The distance between top resistance and its EMA8 line is getting smaller for the S&P 500. It remains in a sideways trend.
DAX
The DAX is also in a sideways trend just below top resistance and its EMA8 line.
HANG SENG
The HANG SENG is also trading sideways, this time above its EMA8 line.
NYSE & NASDAQ Stocks
General Electric Company
Analysts were all wrong about the earnings for GE. After the earnings miss, we had a selloff to send the stock in a dive with a gap. Notice the P2 Power Signal warnings.
Philip Morris International
On the other side of the coin PM made a 10.5% gain to break top resistance with excellent results.
JSE Stocks
JSE All Shares
The JSE All Shares is very uncertain on what happens next with a hammer candle.
Anglo American Platinum Ltd
Uncertainty for AMS too, just below its 200 DMA resistance. Notice the long-legged inverted hammer candle touching its 200 DMA.
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.
