Economic Uncertainty

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • S&P 500 bounces 1% as Qatar says it thwarted Iranian missiles.
  • S&P 500 up 1% as ‘Scripted’ Iran attacks sink oil.

MarketWatch:

  • Treasury yields are falling as investors see a possible July rate cut.
  • FedEx’s earnings are due. Analysts aren’t expecting much.
  • A US strike on Iran wasn’t enough to rattle markets on Monday.
  • It isn’t just the Straight of Hormuz. Oil traders and global investors await Iran’s response to US strike.

yahoo! finance:

  • Stock futures jump as Trump says Israel, Iran agree to ceasefire.
  • Stocks have muted early reaction to US strikes on Iran.
  • Tesla’s robotaxi impresses in low-key launch.

Trump’s surprise Iran strikes come at a ‘tricky time’ for stocks. Trump thanks Iran after attack choreographed to de-escalate.

Global Indexes

S&P 500

The S&P 500 made an engulfing bull candle as the Iran conflict de-escalated. The futures are positive.

DAX

The DAX did not have time to react to the latest news and closed with an uncertain doji on its 50 DMA support.

HANG SENG

The HANG SENG closed strong on its EMA8 line and is breaking resistances today.

NYSE & NASDAQ Stocks

Tesla Inc

Tesla reacted with a strong move after its robotaxi launch.

McDonalds Corporation

MCD made a hammer candle (turning candle) in oversold territory with a P2 Power Signal after a severe correction.

JSE Stocks

JSE All Shares

The JSE All Shares was still moving sideways in anticipation of global moves.

Northam Platinum Holdings Ltd

NPH made a strong engulfing bull candle as dip buyers bought the share to form another J-curve.

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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