TAGS: Technical Analysis Software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Asian stocks rebound with gold as volatility eases.
- Trump to launch $12 billion critical mineral stockpile to blunt reliance on China.
- Bank of England set to hold rates with eye on UK jobs downturn.
- Rand rebound sets stage for rally to resume as metals stabilize.
MarketWatch:
- Silver plunges into a bear market for the first time since 2022.
- Gold retreats nearly $1,000 from peak as silver attempts to stabilize following record 31% slump.
- The appointment of Kevin Warsh is a market stabilizing mechanism, claims Morgan Stanley.
- Amazon and Pinterest are slashing jobs, yet corporate America’s profit margins are racing toward 15-year highs.
yahoo! finance:
- Trump slashes India tariffs in deal linked to Russian oil.
- Gold claws back some losses after latest heavy sell-off.
- Musk said to be in advanced talks to combine SpaceX, xAI.
- Musk says SpaceX acquires xAI ahead of mega IPO.
Warsh pick doesn’t end talk that Powell could stay on to defend the Fed’s independence.
Global Indexes
S&P 500
The S&P 500 bounced back and will test top resistance as the futures are positive.
DAX
The DAX also bounced back to close against the negative trend line.
HANG SENG
The HANG SENG is continuing its correction.
NYSE & NASDAQ Stocks
Caterpillar Inc
CAT made a 5.1% bounce on its previous top resistance that becomes a support line now.
Mastercard Inc
MA closed above its 50 DMA resistance on its way to test its 200 DMA resistance. Notice that the MACD turned green.
JSE Stocks
JSE All Shares
The JSE All Shares made a VERY long-legged hammer candle with its bounce back.
Valterra Platinum Ltd
The graph of VAL is typical of how the gold and platinum shares moved. It made another downward gap and clawed back to close on its 50 DMA.
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.
