TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Stocks slide after data as Trump-Putin in focus.
MarketWatch:
- US stock futures inch higher following Trump-Putin summit.
- Target might need to raise prices nearly twice as much as Walmart to cushion tariff impact, analysts say.
- Buffett bought UnitedHealth.
yahoo! finance:
- Stocks score weekly win despite uncertain path to rate cut.
- Applied Materials suffer worst rout since 2020 on China woes.
- Trump says Putin talks ‘productive,’ but ‘no deal’ yet.
- Meta plans 4th restructuring of AI efforts in 6 months.
The DOW ends just shy of record as Buffett gave Wall Street a boost. The week ahead: Powell’s Jackson Hole speech, Walmart earnings.
Global Indexes
S&P 500
The S&P 500 made three small body candles next to each other indicating uncertainty.
DAX
The DAX stalled at strong top resistance to close near the low of the day.
HANG SENG
The HANG SENG made a downwards breakaway gap from its top resistance, still closing above support.
NYSE & NASDAQ Stocks
UnitedHealth Group Inc
After a 62% collapse Buffet saved UNH by purchasing the majority shares. It now made a breakaway gap to close above its 50 DMA.
Alphabet Inc
GOOG reached top resistance with a long-legged doji and a P2 Power Signal. The current price correlate with the prediction of analysts.
JSE Stocks
JSE All Shares
The JSE All Shares hits a similar wall as global markets with an uncertain doji.
Impala Platinum Holdings Ltd
The correction of IMP stalled with a log-legged doji on support 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.
