TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Dollar rallies, stocks drop on Trump tariff threat.
- Stocks join bonds higher on Trump’s Treasury pick.
- Bets on ‘Trump Put’ send stocks, Bitcoin higher.
MarketWatch:
- Dow scores record close as Trump Treasury pick calms bond traders.
- Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office.
- Bath & Body Works, stock soars after earnings beat and raised guidance.
- Anglo American to sell steelmaking coal assets to Peabody Energy for $3.8 billion.
- Dow futures climb after Trump picks Bessent to be Treasury secretary nominee.
yahoo! finance:
- Trump pledges 25% tariff on Canada and Mexico, 35% on China.
- Wall Street issues its most bullish S&P outlook yet for 2025.
- Stocks jump after Trump picks Bessent for Treasury.
- Best Buy expected to see improving sales in Q3 amid AI product demand.
Trumps choice of Bessent as Treasury secretary nominee was well received by the markets. It was short lived though as markets are still volatile with all the other Trump threats.
Global Indexes
S&P 500
A volatile session on the S&P 500 ended with an uncertain high wave candle against top resistance.
DAX
Although the DAX moved positively it is also uncertain with a hammer candle.
HANG SENG
The HANG SENG is still trending downwards with resistances above.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA & Tesla corrected the most. NVDA is nearing its 50 DMA as first support and $132 as second support.
Caterpillar Inc
CAT is attacking its $400 resistance again. It made a breakaway gap to pass this resistance with a MACD that turned green.
JSE Stocks
JSE All Shares
Its 50 DMA acted as resistance for the JSE All Shares to bounce down from it.
Anglo America PLC
AGL is very uncertain on what happens next with a long-legged high wave candle.
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.
