TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Stock rout takes breather as Dollar halts ascent.
- Asian stocks gauge poised to erase 2024 gains as worries mount.
- US yields spike as hawkish Powell puts 5% in play.
- Tela’s value dips below $500 billion in blow to stock bulls.
MarketWatch:
- Powell says conditions needed to cut rates likely to take longer to appear.
- Opinion: Cutting interest rates is misguided – the easy money would only fuel inflation.
- Asian markets mixed as investors expect US interest rates to stay high.
- Trump’s Truth Social to launch live TV service, but ‘DJT’ stock keeps sinking.
- Netflix is getting ready to body-slam the competition with live sports-entertainment content.
yahoo! finance:
- Powell signals inflation could delay interest rate cuts.
- Dow snaps 6-day losing streak, but Wall Street stays on edge.
- Boeing’s problems just cost United $200 million.
The US stocks took a breather from the downward rout with futures currently showing a slight gain.
Global Indexes
S&P 500
The S&P 500 took a breather in its downward rout moving into oversold territory.
DAX
The DAX extended its downward rout and touched its 50 DMA.
HANG SENG
The HANG SENG is also taking a breather from its downward rout.
NYSE & NASDAQ Stocks
Philip Morris International Inc
Philip Morris made an engulfing bull candle with a P2 Power signal after dropping to a support level.
Bank of America Corp
Bank of America is still in a steep decline. Notice where the P2 Power signal was given.
JSE Stocks
JSE All Shares
The JSE All Shares declined with a large gap and the lagging MACD turning red. Notice the P2 Power Signal 4 days earlier on a long-legged doji.
Glencore PLC
Glencore stalled against resistance with 2 Power Signals at this level.
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.
