TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Turkey detains Erdogan’s top rival, triggering market meltdown.
- BofA warns of Chinese stock correction ‘soon’ in 2015 repeat.
MarketWatch:
- Fed sees higher inflation and slower US economy due to uncertainty tied to trump tariffs.
- Stocks see best ‘Fed day’ rally since July, thanks to a ‘nonchalant’ Powell performance.
- Turkish president’s main rival is arrested. The lira is crashing.
- Rescue of stranded astronauts is a win for Musk.
yahoo! finance:
- Powell: Trump’s tariffs will probably dive up prices.
- Trump says Fed should cut rates as tariff push heats up.
- Wall Street wants new clarity from the Fed and Powell.
- Nvidia CEO says company plans to build giant AI factories.
- Tesla jumps as Lutnick’s Cantor upgrades stock to buy.
The impact of Trump’s trade policy was discussed at a press conference yesterday. Fed’s Powell believes tariffs may ‘delay’ inflation progress.
Global Indexes
S&P 500
The S&P 500 is still hanging around its EMA8 line, still not sure about direction.
DAX
The DAX retreated from top resistance with an uncertain doji.
HANG SENG
The HANG SENG made two uncertain small body candles next to each other.
NYSE & NASDAQ Stocks
Chipotle Mexican Grill Inc
CMG made a piercing candle at an important support.
NVIDIA Corporation
The market is undecided about NVDA with a long legged doji.
JSE Stocks
JSE All Shares
The JSE All Shares smashed top resistance with a 1.4% gain.
Impala Platinum Holdings
IMP outperformed NPH yesterday with its J-curve. Not by much as NPH is also busy completing its J-curve.
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.
