TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Top Taiwan tech fund says there’s still more juice left in AI rally.
- Downshifting US inflation will help reassure the Fed.
- Beg Tech slump amps up pressure to deliver on earnings.
- Stocks slide before high-stakes megacap earnings.
MarketWatch:
- Biden withdraws from 2024 presidential race, endorses Kamala Harris
- Opinion: Kamala Harris has a nearly 40% chance of beating Trump, bookies say.
- CrowdStrike’s stock slides as IT outage could be world’s largest ever.
- CrowdStrike insiders sold stock before the outage.
- Trump presidency could ‘rock’ the EV market and bring Tesla prices way down.
yahoo! finance:
- CrowdStrike knocked the world offline.
- Apple’s AI iPhone turns skeptics into bulls, raises stakes.
- CrowdStrike update that caused global outage likely skipped checks, expert says.
- Investor: Democrats may sour on Tesla after Musk backs Trump.
The CrowdStrike outage affected E-trade, other brokerages, airlines, banks, retailers and thrusts Paris Olympics partners into the spotlight. The week ahead will be dominated by Inflation data, Biden fallout and tech earnings.
Global Indexes
S&P 500
The selloff continued for the S&P 500.
DAX
Similar for the DAX.
HANG SENG
Similar for the HANG SENG on Friday. Today it is trading with a turning hammer candle on important support.
NYSE & NASDAQ Stocks
CrowdStrike Holdings Inc
CrowdStrike was already in a correction phase even before they knocked the world offline.
Travelers Companies Inc
After the long-legged doji Travelers made a 7.8% correction with a breakaway gap.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower.
Harmony Gold Mining Company Ltd
Harmony made a breakaway gap downwards with its 5.5% correction.
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.
