TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Global funds look at India as financial market jitter rise.
- Yen falls, Japan’s stocks rise as traders weigh election impact.
- Strategists say election clouds outlook for Japanese markets.
- S&P 500 rally sputters as Banks, Bitcoin get hit.
MarketWatch:
- Dow, S&P 500 fall Friday – but Nasdaq sees longest weekly winning streak of 2024.
- Nvidia has offset all 128 S&P 500 companies that have declined this year – twice over.
- Amid troubles, Boeing is considering a sale of its storied space business, WSJ reports.
- Opinion: Tesla investors should be wary of Elon Musk’s continued irrational exuberance.
yahoo! finance:
- Xi Jinping changed his mind on China’s fiscal stimulus.
- Nasdaq closes near record high, ending rough week for stocks.
- Microsoft tells shareholders to reject call to invest in bitcoin.
- China’s stimulus aims to boost consumption, top official says.
Both the Nasdaq and S&P 500 touched top resistance on Friday and then eased down to continue a sideways trend. The Dow is getting hit by a few underperformers listed in the index drawing the index down.
Global Indexes
S&P 500
The S&P 500 touched top resistance and then dropped to close unchanged.
DAX
The DAX remains in a sideways trend below its 19500 resistance.
HANG SENG
The HANG SENG is also in a sideways trend closing on its EMA8 line and trading on it this morning with a doji. The EMA8 line (orange) is as close to horisontal as you can get
NYSE & NASDAQ Stocks
Tesla Inc
Tesla, the winner of the week, touched its $270 resistance on Friday, still way below its all-time high of $380.
Walgreen Boots Alliance Inc
The Dow is underperforming as it only had 3 winners for the week. The poorest performer of the week was WBA with its 14.2% drop. With a trend factor of -58.9 it is actually worse than Boeing that has a trend factor of -26.5. In between them are INTC and NKE making up the 4 worst performers.
JSE Stocks
JSE All Shares
The JSE All Shares is also trending sideways with an uncertain doji.
Anglo American Platinum Ltd
AMS broke resistances to continue its positive trend that started 3 weeks earlier with an exhaustion gap. The Palladium price started a rally contributing to the Platinum mines bottom line. The palladium price still has a 150% potential to its all-time high.
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.
