Indecision? - Algomodel

TAGS: Technical analysis software

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News in Brief

Bloomberg:

Stocks up as Trump picks VP in generation shift.
Trump Media shares soar on reelection bid boost.

MarketWatch:

New pro-Trump super PAC reportedly has Elon Musk’s support after raising millions in Q2.
Trump picks JD Vance as his running mate, adding venture-capital experience to GOP ticket.
Dow surges 300 points with ‘Trump trade’ in focus after assassination attempt.
Opinion: ‘The S&P 500 is an accident waiting to happen’ – but it could be a long wait.
Goldman Sachs profit more than doubles on big deal-making jump.

yahoo! finance:

Vance’s Silicon Valley connections launched him into Trumps’s VP spot.
US tariffs at 60% would halve China’s growth rate, UBS says.
British regulators to examine Big Tech’s digital wallets.

The Trump attempted assassination dominated the markets news boosting his chances of winning the election.

Global Indexes

S&P 500

We now have an inverted hammer and an indecision high wave candle next to each other for the S&P 500. Both candles still closed above 5600.

DAX

The DAX made a negative piercing candle to close 0.8% down.

HANG SENG

Its 50 DMA was too strong for the HANG SENG. The index is currently also making an indecision high wave candle.

NYSE & NASDAQ Stocks

Halliburton Co

Haliburton made a double bottom before taking the positive route towards its average target price of $48. Notice where the MACD turned green.

Caterpillar Inc

CAT is ignoring the average price target of analysts and broke its negative trend line with a 3% gain. Maybe the analyst that predicts a $464 is correct? Frontrunner predicts more highs are to come.