US Tax Bill passed by Single Vote

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • Mystery options buyer bets some $3 billion on US stock rally.
  • Stocks lose steam in final minutes of US trading.
  • Stocks selloff fades as treasuries bounce from lows.

MarketWatch:

  • The dollar is struggling to rebound since ‘liberation day’.
  • By one vote, House passes multitrillion-dollar tax-break package.
  • Here come the price hikes: Nike is increasing prices by up to 7%.

yahoo! finance:

  • Supreme Court walls off Fed from Trump firings.
  • US stocks struggle after house approves Trump tax bill.
  • Tariff crossfire hits Toyota, Nissan, Ford suppliers in Japan.
  • Asia must not succumb to tariff retaliation, Singapore cbank official says.
  • Oil set for weekly drop as OPEC+ weighs another big supply hike.

Investors face ‘unfortunate truth’ from Trump’s actions. The Supreme Court protected the Federal Reserve Thursday even as it allowed President Trump to fire the board members of two other independent agencies, potentially insulating central bank officials such as chair Jerome Powell against any immediate removal by the White House.

Global Indexes

S&P 500

The S&P 500 closed flat with an uncertain doji below its EMA8 line.

DAX

The DAX also closed with an uncertain doji.

HANG SENG

The HANG SENG retreated to its EMA8 line, bouncing on it this morning.

NYSE & NASDAQ Stocks

Taiwan Semiconductor

TSM wants to conclude its J-curve and gained 2.3%.

Microsoft Corporation

MSFT made a long-legged doji after the P2 Power Signal confirming uncertainty.

JSE Stocks

JSE All Shares

Uncertainty is also at the JSE All Shares with an unconfirmed hammer turning candle.

Barloworld Ltd

BAW is also confirming uncertainty with a long-legged high wave candle. It has been trending sideways for 16 weeks.

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.

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