TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks fall on China concerns, Yen rises.
- Tech stocks up in late trading as Tesla surges 9%.
MarketWatch:
- Tesla’s energy business again sees rapid growth.
- Musk makes bold predictions for Cybercab, Tesla’s vehicle production.
- Boeing reveals $6 billion quarterly loss ahead of key vote by striking machinists.
- Coca-Cola’s stock falls as unit case volume surprisingly falls after ‘poor’ July.
- Starbucks faces ‘challenging road ahead’ with no ‘quick fix,’ says Oppenheimer.
- Opinion: Stocks and gold are both at all-time highs. Only one of them can be right.
yahoo! finance:
- Tesla surges after earnings, profit beat.
- Stocks sink as tech leads losses.
- Dow leads stocks lower as Treasury yields keep rising.
- BofA analyst: Nvidia stock still looks cheap.
Earnings are still dominating the markets with lots of volatility. Tesla’s Q3 profit beat and upbeat outlook gave the futures a positive gain for today. Tesla also kicked off “magnificent 7′ reports by outpacing Wall Street expectations.
Global Indexes
S&P 500
The S&P 500 was still in a downward trend ahead of Tesla’s results. Too watch is the results of the rest of the ‘Magnificent 7’.
DAX
The DAX closed with an uncertain small body candle on its trend line.
HANG SENG
The HANG SENG is also trading uncertain with a small body candle on its sideways EMA8 line.
NYSE & NASDAQ Stocks
JPMorgan Chase Co
JPM is uncertain on what happens next with a high wave candle against top resistance. It has now made 5 uncertain candles against top resistance.
Apple Inc
Apple also retreated from top resistance and only good results will help the stock price to break it.
JSE Stocks
JSE All Shares
The JSE All Shares is also following global markets lower.
Sasol Ltd
Sasol broke support to make new lows.
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.
