Rally Halts

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News in Brief

Bloomberg:

  • Asian stocks advance on Japan, Gold futures jump.
  • Stocks halt rally as weak bond sale lifts yields.

MarketWatch:

  • Miran tapped by Trump for Fed governor post. ‘He’s just a seat warmer’.
  • SoundHound’s stock surges as earnings show a growing embrace of voice AI.
  • Stock buybacks are surging.

yahoo! finance:

  • Trump nominates Stephen Miran to Federal Reserve Board.
  • Dow slides, Nasdaq hits record as tariffs kick in.
  • Tesla disbands Dojo supercomputer team in blow to AI effort.

Trump claims that billions of dollars are now entering the US due to tariffs. ANC defiant on BBBEE amid US pressure – Mbalula.

Global Indexes

S&P 500

The S&P 500 rally halted just below top resistance.

DAX

The DAX is still sitting on its 50 DMA support, also below top resistance.

HANG SENG

The HANG SENG closed above its EMA8 line resistance.

NYSE & NASDAQ Stocks

Taiwan Semiconductor Mfg Co Ltd

TSM made a 4.9% gap to close just below top resistance with a high wave candle.

Eli Lilly and Co

LLY got hammered when its obesity pill tests disappointed. It made a breakaway gap downwards with its 14.1% drop.

JSE Stocks

JSE All Shares

The JSE All Shares is making an attempt to break top resistance.

MTN Group Ltd

MTN went into second gear with its rally.

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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