TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Fed’s path to more rate cuts challenged by jobs surprise.
- Germany is trying to shield defense firms from China – and even the US.
MarketWatch:
- Apple sees $200 billion market -cap wipeout as stock slides on AI fears.
- Amazon’s stock just entered a bear market.
- Rivian’s stock jumps as investors cheer big growth potential this year.
yahoo! finance:
- ‘Every corner of the market’ is now an AI target.
- US, Taiwan finalise deal to cut tariffs, boost purchases of US goods.
- Gold rebounds after sharp drop sparked by wider market jitters.
Dow ends below 50,000 threshold as AI fears spark wider stock selloff.
Global Indexes
S&P 500
The S&P 500 broke two supports with its correction and closed below its 50 DMA.
DAX
The DAX was uncertain about its direction but closed at the low side of the day without any gain.
HANG SENG
The HANG SENG continued to build a head and shoulder formation and is trading below its EMA8 line today.
NYSE & NASDAQ Stocks
Caterpillar Inc
CAT an engulfing bear candle after the gap (exhaustion) with a P2 Power Signal confirming divergence.
Apple Inc
AAPL lost 5 % after the doji and inverted hammer candle warnings.
JSE Stocks
JSE All Shares
The JSE All Shares was still ticking positively against the trend of global markets.
Sasol Ltd
SOL moved fast after the triangle break and is touching top resistance. Will there be enough steam left to break the strong 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.
