TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Macro traders from New York to Hong Kong prep for tariff day.
- S&P 500 sinks 2% as economic fears spur bond rally.
MarketWatch:
- Stock-market investors looking for clarity on Trump’s tariff on 2 April risk disappoint.
- Stocks fall sharply to end the week. ‘Stagflation’ fears are back in the spotlight.
- Elon Musk is folding X into his AI ambitions.
- Trump warns automakers not to hike prices. What power do presidents have?
yahoo! finance:
- Trump’s auto tariffs could cause car prices to skyrocket.
- Trump says he is willing to make deals on tariffs.
- The Fed’s inflation dilemma just got more challenging.
All markets are correcting with some busy with leg c of an abc correction. There is no light at the end of the tunnel with Trump uncertainty. Trump’s tariff announcements and a crucial labor market report will greet a slumping stock market in the week ahead.
Global Indexes
S&P 500
The S&P 500 is busy with leg c of an abc correction. With the unpredictable Trump no one knows where leg c will end?
DAX
The abc correction of the DAX is less severe than that of the US correction.
HANG SENG
The HANG SENG made an engulfing bear candle that could be the start of its c leg.
NYSE & NASDAQ Stocks
Amazon.com Inc
The abc correction of AMZN is very similar to that of the index. We are already below the lowest estimate of analysts with the average prediction of $269 for a strong buy not even on the charts.
Chipotle Mexican Grill Inc
Analysts got it all wrong for CMG too. This share made a 5-leg correction trading way below the lowest prediction of $58. There is a 33% gain potential to their average prediction of $67. But Trump has his finger in the pie.
JSE Stocks
JSE All Shares
The JSE All Shares are still doing well against the global markets as it is still hanging on top resistance.
Sasol Ltd
SOL is beating all corrections with a 5-leg correction with an abc correction within each downward leg. We marked the abc correction within leg 1 (the easy one to see). Can you see the abc corrections within leg 3 & 5?
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.
