TAGS: Technical analysis
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News in Brief
Bloomberg:
- Asian stocks rise ahead of quarter-end, PCE data.
- Most popular DWAC option eyes a 95% plunge over next month.
- Trump’s social media company is set to trade today on Nasdaq.
- ‘Priced for Perfection’ stocks see rally stall.
MarketWatch:
- Tesla, Nio and Rivian all downgraded on slowing EV demand, pricing pressures.
- Opinion: Boeing’s outgoing CEO is departing, but the company’s problems run far deeper.
- Salesforce looks to reinvent itself again with its fledgling AI business.
- Asian markets mixed after Wall Street’s momentum cools.
yahoo! finance:
- Fed’s Goolsbee: Three rate cuts ‘in line with my thinking’.
- Disney stock upgraded by Barclays.
- Gold prices set to keep climbing: Goldman Sachs.
The rally stalled and markets corrected. The futures are currently positive.
Global Indexes
S&P 500
The S&P 500 closed its open window (gap) with an uncertain doji, still above its EMA8 line.
DAX
The DAX extended its rally.
HANG SENG
The HANG SENG is also trading with an uncertain doji, hanging onto its EMA8 line.
NYSE & NASDAQ Stocks
Walt Disney Co
Its upgrade gave Disney a boost to extend its rally.
Exxon Mobil Corporation
Exxon is still heading for top resistance but did not close at the high of the day as the overall rally stalled.
JSE Stocks
JSE All Shares
The JSE All Shares also stalled below its 50 DMA resistance with a long-legged doji.
Brent Crude
The Brent Crude is making a J-curve to head higher.
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.
