Tariff Concerns Mount

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • Stocks rise after Nvidia license, China GDP beats.
  • S&P 500 ekes out gain as Trump open to trade talks.
  • Stocks churn near record as Bitcoin hits $120,000.

MarketWatch:

  • Cars get caught in the crossfire as Trump hits EU with fresh tariff threat.
  • Stocks under pressure after Trump’s threat of higher tariffs on EU and Mexico.

yahoo! finance:

  • Tariffs are finally about to show up in inflation data.
  • US stock futures waver with inflation report, bank earnings on deck.
  • EU releases list of counter-tariffs while Trump amps up threats.
  • Powell faces increasing pressure on ‘outrageous’ Fed renovation.

One top contender to replace Powell said the administration could examine firing him. (Trump’s choice?)

Global Indexes

S&P 500

The S&P 500 is moving side-ways with all the tariff threats. Goldman Sachs raised its target to 6900 for this year!

DAX

The DAX closed on its EMA8 line.

HANG SENG

The HANG SENG is also trending on its EMA8 line side-ways.

NYSE & NASDAQ Stocks

Bank of America Corp

BAC is lifting its head after the hammer candle in oversold territory. Earnings are on deck.

Eli Lilly and Co

LLY is advancing to make another attempt at its 200 DMA resistance.

JSE Stocks

JSE All Shares

The JSE All Shares is still in a tight range, leaning towards the negative side.

Sibanya Stillwater Ltd

SSW is still outperforming the rest of the shares with the largest gain for the day.

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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