TAGS: Technical Analysis Software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Stocks get hammered as traders hit risk-off button.
MarketWatch:
- Opinion: Warren Buffett, warning of ‘scoundrels’ and ‘fiscal folly,’ slashes his exposure to US stocks.
- Dow wipes out its gains since Trump’s inauguration as ‘stagflation’ fears return.
- Consumer sentiment sours as worries grow over outlook for US economy.
- It’s Trump’s economy now – and business are anxious about tariffs and Washington upheaval.
- Opinion: UnitedHealth Medicare Advantage bombshell exposes $83 billion in government waste.
yahoo! finance:
- Block shares sink most in almost five years on earnings miss.
- Trump’s 10% oil tariff could cost foreign producers $10 billion annually, Goldman Sachs says.
- UnitedHealth falls on DOJ probe into Medicare billing.
Trump capped off a week of trade threats that is not good for markets. Main indexes closed on important support that will be tested today. Investors will be closely watching Nvidia earnings in the week ahead for hints about the state of the AI trade.
Global Indexes
S&P 500
The S&P 500 broke down to close on its 50 DMA support.
DAX
The DAX also closed on important support.
HANG SENG
The HANG SENG is still moving strong, closing above a resistance.
NYSE & NASDAQ Stocks
UnitedHealth Group Inc
The probe into UNH billing makes the analysts’ predictions unusable. Notice how Frontrunner is predicting further lows for this share. It is below all support in free fall.
The Coca-Cola Co
KO was one of the few shares that is still continuing its positive move.
JSE Stocks
JSE All Shares
If the JSE All Shares follows the US downwards, the uncertain doji will be confirmed as a turning candle.
Sasol Ltd
Sasol is again trying to break its 50 DMA resistance.
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.
