Megabill Tensions

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • Stocks fall as Trump-Musk fight sinks Tesla by 14%.

MarketWatch:

  • The Trump-Musk bromance is blowing up in front of our eyes.
  • Broadcom’s stock cools off even as earnings show robust AI demand.
  • Buy-the-dip investors are getting bolder even as the risks are getting bigger, analysts warn.
  • European Central Bank cuts deposit rate to 2%. It’s the bank’s eighth straight cut.
  • P&G becomes the latest consumer giant to cut jobs, with 7,000 employees set to be fired.

yahoo! finance:

  • Musk-Trump feud explodes into burst of threats, recriminations.
  • Musk says SpaceX to decommission Dragon spacecraft immediately.
  • Trump and Xi hold long-awaited call.
  • US trade deficit narrows sharply in April; imports post record drop.
  • US jobless claims rises to highest level in 8 months.

Musk amps up tensions with Trump over megabill. Tesla has lost nearly $200 billion in market cap since Musk left ‘DOGE.’

Global Indexes

S&P 500

The S&P 500 bounced down from its 6000 level it is trying to reclaim.

DAX

The DAX is with a high wave candle against its top resistance.

HANG SENG

The HANG SENG continued its positive rally.

NYSE & NASDAQ Stocks

Tesla Inc

TSLA closed below its 50 DMA with its latest drop. Notice where the P2 Power Signal gave the warning to get out.

Microsoft Corporation

MSFT closed at a new high with its positive move.

JSE Stocks

JSE All Shares

No fights are stopping the JSE All Shares as platinum shares are rallying.

Northam Platinum Holdings Ltd

NPH is forming a J-curve. Frontrunner did warn that a new high is coming. Watch for divergence if it does make a new high.

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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