TAGS: Technical Analysis Software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Credit Market’s reality check follows decade of loose lending.
- Trump touts drug cost savings as he launches TrumpRx website.
MarketWatch:
- Amazon’s stock sinks after earnings.
- Bitcoin’s latest selloff is shattering many of its most enduring myths.
- S&P 500 turns negative for 2026, as investors add the job market to a growing list of worries for Wall Street.
yahoo! finance:
- US stock futures plummet as Amazon’s earnings deepens tech route.
- Wall Street’s favorite trades collapse as sell-off deepens.
- Oil extends decline ahead of US-Iran talks.
Amazon plans AI spending surge, sending stock sinking. All markets collapse as sell-off deepens.
Global Indexes
S&P 500
The S&P 500 broke its 50 DMA support.
DAX
The DAX still managed to close above its 50 DMA support with its sell-off.
HANG SENG
The HANG SENG is still trying to keep head above water with the sell-off.
NYSE & NASDAQ Stocks
Estee Lauder Companies
EL made a -19.2% breakaway gap. Notice that we had divergence in place while its was attempting three times to break top resistance.
Bank of America Corp
BAC is also hesitating with a high wave candle in overbought territory.
JSE Stocks
JSE All Shares
The JSE All Shares is forming an inverse J-curve with its correction.
Impala Platinum Holdings Ltd
IMP is also forming an inverse J-curve with its correction.
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.
