TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Get ready for double whammy of US jobs and inflation.
- Bank of England risks job market in bid to tame inflation.
- Online Cannabis sales are booming in Germany – and the government is racing to catch up.
- China Central Bank keeps buying gold as bull run hits brakes.
MarketWatch:
- Wall Street’s wild week rattles investors’ confidence while highlighting a growing divide within markets.
- Dow 50,000 came as the market looked set to crack.
- Oil markets are on edge over elevated risks of a US military strike against Iran.
- Nvidia stock shoots to best day since April as tech sector rebounds.
yahoo! finance:
- US stock futures rise with hopes of Dow extending 50,000 record rally.
- Bitcoin rebounds after worst daily drop since 2022.
- Trump removes India’s 25% Russia-related tariff after deal.
- Tesla execs say hiring is ramping up to support Musk’s solar strategy.
- Uber must pay $8.5 million in driver sexual assault case, jury says.
Just when fear is at its most, news at its worst … Time to Buy. Let technical overbought and oversold indicators help you to decide.
Global Indexes
S&P 500
The rebound of the S&P 500 closed in all positive territory. The DOW broke top resistance … the S&P might follow.
DAX
The DAX bounced on its 50 DMA support to close above its EMA8 line with an engulfing bull candle.
HANG SENG
The HANG SENG is still correcting and using its 50 DMA as support. It opened strong this morning with Asia markets all positive.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVDA bounced 7.9% to close above its 50 DMA. Notice that its current price is not even at the lowest estimate of analysts of $200. It has a 40% potential to analysts’ average target price of $260. It was the move of NVDA and CAT that helped the DOW to break top resistance.
Meta Platforms Inc
The correction of META stalled with a high wave candle on its 50 DMA support. It has a 20-30% upside potential.
JSE Stocks
JSE All Shares
The JSE All Shares made a piercing candle in oversold territory with a MACD that changed colour.
Sasol Ltd
The possible attack on Iran boosted SOL. It is currently above its 50 DMA support and trend line resistance above.
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.
