TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Stocks gain across Asia on US-China trade truce.
- Pharmaceutical stocks tumble on Trump plan to cut US drug prices.
- Nasdaq enters bull market after US-China truce.
MarketWatch:
- What we just witnessed on the S&P 500 suggest a stock-market rally is likely to follow.
- The stock market is cheering the US-China deal, but the damage is done.
- Stock-market bulls face inflation test this week, but trade talks set the tune.
yahoo! finance:
- Amazon, Meta, Tesla lead Big Tech surge on US-China tariff rollback.
- US, China agree to slash tariffs in trade-war truce.
- ‘Magnificent 7’ was climbing even before China-US trade truce.
- Oil leads commodity rally after US-China truce as gold retreats.
The tariff cuts pave the way for talks on a fuller agreement, Bessent suggest.
Global Indexes
S&P 500
The S&P 500 broke its 200 DMA resistance with a gap after the trade truce, extending its positive rally.
DAX
The DAX did close above its top resistance but is struggling with a high wave candle at this level.
HANG SENG
The HANG SENG also cheered the truce deal with a gap extending its positive trend.
NYSE & NASDAQ Stocks
Amazon.com Inc
AMZN lead the big 5 with an 8.1% gap gain.
Meta Platforms Inc
On its heels was META with a similar 7.9% gain.
JSE Stocks
JSE All Shares
The JSE All Shares is still struggling against top resistance with an inverted hammer candle with gold shares dropping keeping it down.
Sasol Ltd
SOL was one of the best gainers for the day. Can it break resistances this time round? Not a pretty picture for this once best listed share. Its drop from its previous high is now -84%.
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.
