TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks gain tracking Wall Street, Gold jumps.
- Trump trade boosts stocks, Bitcoin run at $100,000.
MarketWatch:
- US office property prices fall another 19% from a year ago.
- China’s banking system is now suffering whiplash from pandemic-era practices.
- Nvidia shrugs off early weakness.
- The S&P 500 is inflated by 25% because investors won’t focus on the fundamentals.
yahoo! finance:
- Musk wants to displace federal workers and make it harder to reach anybody at government office. Did voters ask for this?
- Dow jumps 450 points as stocks rise after Nvidia earnings.
- US applications for jobless benefits fall to 213,000, remaining near 7-month lows.
- China says stable trade and business development with US will benefit both nations.
Investors debated the future of the AI boom and reversed early losses.
Global Indexes
S&P 500
The S&P 500 had a volatile session that closed above its EMA8 line.
DAX
Similar for the DAX that even went to test its 18900 level.
HANG SENG
The HANG SENG added another doji to its 5 small body uncertain candles next to each other below its EMA8 line resistance.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA had a volatile session with a 9% difference between the low and high of the day. It ended the day with an indecision high wave candle below top resistance. We will have to wait to see what happens next.
Deere Company
After bouncing on its 200 DMA DE has now smashed all resistances with its 8% gain.
JSE Stocks
JSE All Shares
The JSE All Shares moved positively to close on its 50 DMA.
MR Price Group Ltd
MRP broke top resistance with a breakaway gap to gain 8.3%.
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.
