TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Stock rally extends, dollar dips on rate cut talk.
- S&P 500 hits recors on signs economy in good shape.
- Stocks rise as dollar rebounds after Powell drama.
- Stocks climb as Trump denies plan to fire Powell.
MarketWatch:
- The stock market isn’t waiting around for Aug. 1 to decide if tariffs will hurt consumers.
- Market whales may hold the key to stocks’ next move, says former trader.
- Don’t fade the stock market yet, says former Goldman tactical strategist now at Citadel.
- Starbucks downgraded to underperform as broker sees too much froth in the stock price.
yahoo! finance:
- Waller makes strongest call yet for July rate cut, underscoring Fed divide.
- Meta hires two key Apple AI experts after poaching their boss.
- Retail sales jump in June.
- Coca-Cola may be latest to make ingredient changes under Trump.
- Nvidia set for $15b China boost after Trump’s U-turn.
Trump is testing the water to fire Powell but denies it every time after market reaction. He is not finished with tariffs as pharma tariffs are next on his list.
Global Indexes
S&P 500
The S&P 500 closed at a new high extending its rally.
DAX
The DAX bounced on its EMA8 line.
HANG SENG
The HANG SENG closed with an uncertain high wave candle only to test resistance again this morning with a positive move.
NYSE & NASDAQ Stocks
PepsiCo Inc
PEP broke the flag it was forming with a breakaway gap of 7.5% gain.
Taiwan Semiconducter Mfg Co Ltd
TSM also extended its long rally with a gap.
JSE Stocks
JSE All Shares
The JSE All Shares was still busy with its sideways move but could also follow the global positive moves today.
Capitec Bank Holdings Ltd
CPI gave a P1 power signal together with a MACD changing colour in oversold territory.
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.
