TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Dollar slips, Asian stocks rise on tariff report.
- Stocks stage rebound as dip buyers wade back in.
- Stocks hit by Tech Swoon as Fed-Cut hopes dwindle.
- Goldman strategist see battered China stocks rising 20% in 2025.
MarketWatch:
- There goes 80% of the market, says Oracle exec in reaction to new White House microchip rules.
- JPMorgan, Citi, Wells Fargo and Goldman’s earnings results may boost bank stocks further.
- Nasdaq, S&P 500 sink as hopes for 2025 rate cuts fizzle.
- Opinion: The stock market’s ‘Trump bump’ will be back. Just be patient.
yahoo! finance:
- Dow ends higher while Nasdaq weighed down by falling tech shares.
- Big bank optimism is about to be put to the test.
- Eli Lilly to buy cancer drug developer for up to $2.5B.
- Apple battles $1.8B App Store lawsuit in first UK class action.
- China discusses sale of TikTok US to Musk as one possible option.
Earnings begin with banks on Wednesday, but inflation is likely the week’s biggest driver.
Global Indexes
S&P 500
The S&P 500 bounced on its 5775 level.
DAX
The DAX made a hammer candle just below its EMA8 line.
HANG SENG
The HANG SENG is busy closing the exhaustion gap of yesterday after the turning candle just above its 200 DMA support.
NYSE & NASDAQ Stocks
Deere Company
DE launched an almighty bounce to break important resistances.
Caterpillar Inc
CAT did a similar bounce with a divergence Power Signal P2 in place.
JSE Stocks
JSE All Shares
The JSE All Shares closed just above its 200 DMA in oversold territory after an abc correction. A bounce is expected.
Sasol Ltd
Sasol was still ticking higher but closed with an indecision high wave candle for the day.
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.
