TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Fed’s path to more rate cuts challenged by jobs surprise.
- Trump’s gunboat diplomacy hands China a $55 trillion economic edge.
- US adds 130,000 jobs and unemployment falls after tepid 2025.
MarketWatch:
- Amazon’s AI spending triggered the stock’s worst slide in over a year.
- January jobs report shows some lift in payroll growth, supporting Fed decision to pause on rates.
- Bank of America’s internal data show the middle class is now feeling the pain of the K-shaped economy.
yahoo! finance:
- Republicans cross party lines in rare rebuke of Trump’s Canada tariffs.
- Jobs report smashes expectations as payrolls grow by 130,000.
- Jobs report throws ‘cold water’ on Fed rate cuts anytime soon.
Stocks turned volatile despite strong January jobs report.
Global Indexes
S&P 500
The S&P 500 touched top resistance nine time – just not enough steam to break it.
DAX
The DAX eased back – still above its EMA8 line.
HANG SENG
Together with todays negative move the HANG SENG is forming a head and shoulder formation – not good.
NYSE & NASDAQ Stocks
Caterpillar Inc
CAT made a gap after the doji – exhaustion gap?
Halliburton Company
Similar to the index HAL is also struggling against top resistance – 7 touches.
JSE Stocks
JSE All Shares
The JSE All Shares is also in a position to form a head and shoulder formation – be cautious.
Sasol Ltd
SOL finally broke its triangle. Triangle breaks usually comes after 5 touches as shown.
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.
