Wall Street attempts Bounce-back

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • Hong Kong, Asian stocks drop as US pressures China.
  • Chegg sues Alphabet, says Google AI led to strategic review.
  • S&P 500 swoons in last 15 minutes of US trading.

MarketWatch:

  • Nvidia’s stock has gone nowhere for months. What can give it a jolt?
  • The research note that’s raising eyebrows: Microsoft reportedly is cancelling data-center leases.
  • Trump says paused Canada-Mexico tariffs are ‘going forward’.
  • Warren Buffett’s waiting for a ‘wild swing’ to the downside for stocks, says veteran Berkshire watcher.

yahoo! finance:

  • Dow, S&P 500, Nasdaq futures waver as Trump tariffs loom.
  • Nvidia’s H20 chip orders jump as Chinese firms adopt DeepSeek’s AI models.
  • Apple makes $500 billion bet on ‘future of American innovation’.
  • Trump 2.0 targets China with biggest salvo so far.
  • Microsoft said to be cancelling leases for AI datacenters.
  • Starbucks to lay off 1,100 employees as CEO turnaround takes shape.

Dow and S&P 500 tried bouncing back from last week’s slide but failed in last 15 minutes of trading.

Global Indexes

S&P 500

The S&P 500 failed to bounce and closed below its 50 DMA support.

DAX

The DAX‘s bounce attempt was more successful.

HANG SENG

The HANG SENG made an indecision high wave candle.

NYSE & NASDAQ Stocks

Alibaba Group Holding Ltd

BABA made a breakaway gap downwards with two P2 Power Signal warnings. Notice the divergence marked with purple line.

Nike Inc

NKE made another gap to close on its important 200 DMA resistance.

JSE Stocks

JSE All Shares

After forming a new resistance level on 891 the JSE All Shares also broke down.

Sasol Ltd

Sasol made a long-legged indecision high wave candle on 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.

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