TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian equities echo US declines as Tech stocks hit.
- Amazon Belt-tightening produces strong cloud, E-commerce results.
MarketWatch:
- Stock market suffer a Halloween selloff as tech investors get the chill.
- Apple comes up short in China but beats overall iPhone expectations.
- Starbucks’ new CEO has diagnosed its problems. Analysts say the solution could get expensive.
yahoo! finance:
- October jobs report expected to show slowing growth.
- Nasdaq leads sell-off amid Meta, Microsoft gloom.
- Amazon stock pops after earnings beat.
- China stimulus gives manufacturing a shot in the arm.
Most global markets had a selloff and many with a breakaway gap.
Global Indexes
S&P 500
The S&P 500 made a breakaway gap downwards to close just above its 50 DMA.
DAX
The DAX made its second gap downwards to close with an indecision high wave candle on its 50 DMA.
HANG SENG
The HANG SENG is continuing its sideways trend on its EMA8 line.
NYSE & NASDAQ Stocks
Microsoft Corporation
The breakaway gap of MSFT took its price below all the supporting moving averages.
JPMorgan Chase Co
JPM is struggling against top resistance with plenty touches. As it cannot break top resistance, even its MACD turned red.
JSE Stocks
JSE All Shares
We had a double top for the JSE All Shares as it followed global markets lower. It is also still above its 50 DMA.
Anglo American PLC
AGL echoes the double top of the index, also 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.
