TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Asian stocks edge up, Yen Weakens on Tariff talks.
- Nasdaq 100 drops 3% amid global trade warnings.
- Stocks calm broken after ‘Fed Put’ hopes dashed.
MarketWatch:
- Newson invokes Nvidia’s stock drop as Trump spars with China.
- Wall Street’s 12 favorite stocks could soar as much as 54% over the next year, analysts say.
- Strategist is expecting a lost decade for US stocks, even without a recession.
- Tech stocks are struggling as US-China trade tensions intensify.
yahoo! finance:
- Powell warns of ‘challenging scenario’ for Fed on tariffs.
- China signals readiness for talks if US shows ‘respect’.
- Bank of Canada says US tariffs could trigger deep recession.
US stocks slipped after Nvidia flagged costly China chip curbs. We have uncertainty candles everywhere on charts due to tariffs.
Global Indexes
S&P 500
The S&P 500 closed below its EMA8 line with tariffs in focus again.
DAX
The DAX edged higher, also with uncertainty.
HANG SENG
The HANG SENG also closed below its EMA8 line after the hammer candle.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVDA dropped 6.9% after indicating the effect what tariffs will have on its exports. See the uncertainty with the long-legged doji.
Bank of America Corp
After the inverted hammer candle (Turning candle) BAC made a correction.
JSE Stocks
JSE All Shares
At top resistance the JSE All Shares made an inverted hammer turning candle.
Woolworths Holdings Ltd
The rally of WHL also stalled with an uncertain high wave candle.
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.
