TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Asian stocks decline as China reports mixed data.
- S&P 500 breaks below 5,100 as Big Tech sells off.
- Jittery investors snap up options across markets.
MarketWatch:
- Oil’s rally took a breather after Iran’s attack on Israel.
- Gold scores another record high as market awaits Israel response to Iran attack.
- China’s economy grew 5.3% in first quarter, beating expectations.
- ‘DJT’ stock tumbles as Trump and many others file for the sale of their shares (-18%)[Total drop from listing high now -63%]
- Opinion: Donald Trump isn’t on trial for paying off Stormy Daniels. He’s on trial for being stupid.
yahoo! finance:
- Tesla layoffs an ‘ominous sign’ for the company, analyst says.
- Investors are growing increasingly weary of AI.
- Boeing defends its planes’ safety ahead of whistleblower hearing.
- Profit surge at Goldman Sachs on Wall Street revival.
War jitters caused a Big Tech selloff that pulled markets down.
Global Indexes
S&P 500
The S&P 500 broke below its 50 DMA to be in negative territory. Its negative trend line is developing prominently.
DAX
The DAX made an attempt to break its negative trend line only to close below it.
HANG SENG
Not even good economy growth figures could help the HANG SENG that is now trading below its 50 DMA in negative territory.
NYSE & NASDAQ Stocks
Goldman Sachs Group Inc
Not even better than expected results could help Goldman Sachs to close near its high of the day as war jitters are ruling. It did manage to retain its positive gap.
JPMorgan Chase Co
The results of Goldman Sachs stalled the downward trend of JPMorgan slightly, but its close was still near the lows of the day in negative territory.
JSE Stocks
JSE All Shares
After all the turning candles against its negative trend line the JSE All Shares took the path downwards. Notice the P2 Power Signal 3 days earlier.
Barloworld Ltd
After Barloworld issued a cautionary statement yesterday it made an additional gap to close above its 200 DMA. Notice how insider information drove the price up well before the announcement! (Insider trading is alive and well) We had 2x P2 Power Signals at the bottom to warn about the turn.
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.
