TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Gold plunges after biggest drop in a decade as rally unwinds.
- Trump picks a reinvented Warsh to lead the Federal Reserve.
- Euro-Zone economy beats estimates, defying trade turmoil.
- China factory activity unexpectedly slides into contraction.
MarketWatch:
- Trump picking Kevin Warsh as Fed chair wasn’t enough to soothe shaky markets.
- A Fed honeymoon for Warsh? Briefly – then push comes to shove.
- Oil prices unexpectedly score first monthly gain in half a year. What’s the next move for OPEC+?
yahoo! finance:
- US stock futures sag ahead of week defined by Trump’s Fed pick, jobs data.
- Senate passes funding deal but partial government shutdown looms.
- Report: Nvidia’s plan to invest up to $100 billion in OpenAI has stalled.
- Gold sinks to $4,900, silver crashes 25% in reversal of massive rally.
- US judge signals Musk’s xAI may lose lawsuit accusing Altman’s OpenAI of stealing trade secrets.
Wall Street reacts as Warsh selected by Trump as next Fed Chair. The yearlong party in precious metals looks like it might be coming to an end as Trump’s Fed pick has sparked a meltdown.
Global Indexes
S&P 500
After the exceptional long-legged hammer candle the S&P 500 made a long-legged high wave candle. Notice the P2 Power Signals marking a possible double top.
DAX
Its 50 DMA acted as support for the DAX. There is no guarantee that it will hold?
HANG SENG
The HANG SENG made a sharp reversal. Notice the P1 power signal.
NYSE & NASDAQ Stocks
Advanced Micro Devices Inc
AMD made a sharp reversal against top resistance.
Chevron Corporation
CVX is a good example where the turning inverted hammer candle was not confirmed due to Trump again.
JSE Stocks
JSE All Shares
The inverted hammer turning candle was confirmed for the JSE All Shares.
Valterra Platinum Ltd
VAL made a breakaway gap to close 14% lower. Notice the turning candles against top resistance.
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.
