TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Microsoft shares drop on disappointing azure growth forecast.
- Tech hit in late hours as Meta fails to inspire.
- Wall Street trims Fed bets as economy holding up.
- Alphabet’s pricey AI bet pays off with cloud, search growth.
- Sell stocks if a Trump win drives a rally, Citi strategist say.
MarketWatch:
- The October jobs report comes at a crucial moment – but don’t expect clear answers on the economy.
- Gold prices break a new record, but may be near a peak.
- Super Micro’s troubles build as auditor resigns, sending stock tumbling 33%.
- Dow on rise after GDP with Nasdaq near all-time high after Alphabet earnings.
- Wall Street is entering its best 6 months of the year. Stocks have room to run.
yahoo! finance:
- Nasdaq, S&P slip ahead of latest Big Tech earnings frenzy.
- Meta beats, but stock falls on heavy spending plans.
- Microsoft’s cloud strength drives earnings beats.
- US economy grows at slower-than-expected pace.
- Alphabet stock jumps after earnings crush estimates.
- Super Micro stock plunges after auditor resigns.
The roller coaster ride continues as the earnings roll in.
Global Indexes
S&P 500
Still in a sideways trend the S&P 500 closed this time below its EMA8 line.
DAX
The DAX took the correction path with a breakaway gap.
HANG SENG
The HANG SENG is still hanging onto its EMA8 line in a sideways trend.
NYSE & NASDAQ Stocks
Alphabet Inc
After crunching expectations GOOG made a breakaway gap, but the negative day made it close near the bottom of the day.
Chipotle Mexican Grill
CMG missed earnings estimate and got hammered. It broke all support with a breakaway gap and find itself in all negative territory.
JSE Stocks
JSE All Shares
The JSE All Shares retreated from top resistance with divergence in place (purple lines).
Anglo American PLC
AGL is also retreating with divergence in place.
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.
