Considerable Turbulence

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

As markets sank and soared, a new fear spread across Wall Street.
S&P 500 notches its best week since November 2023.
Treasuries and Dollar sink in spiraling trade war.

MarketWatch:

Nasdaq set to lead Dow, S&P 500 higher on tech tariff pause amid mixed signals.
‘Sell America’ trade rattles Washington and Wall Street.
Apple, Nvidia get tariff exemptions for now, but ‘massive uncertainty’ lies ahead.
Collapse of the dollar shows ‘the biggest damage right now is to the US brand’.
US stocks set for early gains after latest inflation report.

yahoo! finance:

Stock futures rise as tech gets a temporary tariff reprieve.
Gold has best week since 2020 amid shaken investor confidence in US.
JPMorgan’s Dimon: US economy faces ‘considerable turbulence’.
Tesla slides after pulling US-made cars from China.

Trump team tries to project calm after tariff moves rattled markets. The uncertainty will still cause turbulence.

Global Indexes

S&P 500

The S&P 500 closed above its EMA8 line with turbulence still on markets.

DAX

You can see the turbulence on the DAX by looking at the past 6 candles.

HANG SENG

Similar for the HANG SENG looking at the past 5 candles.

NYSE & NASDAQ Stocks

Eli Lilly and Co

LLY does not know whether it is coming or going when you look at the past 6 candles.

Home Depot Inc

HD had an update from analysts with an even wider range from $350 to $500 price targets. With the turbulence on markets, it is only given a moderate buy.