TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks see cautious trade, Japan gains.
- Nasdaq hits record as Alphabet jumps in late hours.
MarketWatch:
- Dow sheds 150 points, Nasdaq closes at fresh record with Big Tech earnings on tap.
- Opinion: The Fed hasn’t tamed inflation – and the stock market has yet to figure that out
- Opinion: Kaboom! Elon Musk predicts ‘hardship,’ economic turmoil and a stock market crash if Trump wins.
- McDonald’s CEO apologizes for E.coli outbreak, as fast-food giant’s earnings beat estimates.
yahoo! finance:
- Nasdaq hits record ahead of Big Tech bonanza.
- Alphabet earnings crush estimates.
- AMD stock tumbles as Q4 outlook disappoints.
- American consumers feeling much more confident as Election Day nears.
- McDonald’s beats on revenue as US sales shine.
Alphabet was the first Big Tech stock whose earnings crushed expectations. We will only see the affect today as the earnings were announced after market close.
Global Indexes
S&P 500
The S&P 500 made an indecision hive wave candle, still in a sideways trend.
DAX
The DAX made an attempt at a new high, only to close at the lows of the day.
HANG SENG
The HANG SENG continues its sideways trend, this time below its EMA8 line.
NYSE & NASDAQ Stocks
McDonalds Corporation
Although MCD beat earnings, its price is trading below its 50 DMA due to E.coli outbreak.
Meta Platforms Inc
META is gaining ahead of earnings towards top resistance. We will only see the effect of Alphabet’s earnings today and show it tomorrow.
JSE Stocks
JSE All Shares
The JSE All Shares stalled with an indecision high wave candle at top resistance, touching it for the 5th time.
Shoprite Holdings Ltd
SHP was the best gainer and broke its 50 DMA with a breakaway gap. We had a P1 Power Signal on its R279 support.
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.
