Wall of Worry for US Stocks

TAGS: Technical Analysis Software

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News in Brief

  • World’s top container carriers revise sailings to avoid Mideast.
  • Millions of migrant workers in gulf at risk as war rages on.
  • Middle East conflict imposes another stress test on Global Resilience.

MarketWatch:

  • Iran conflicts just adds to wall of worry for US stocks, says Citi strategist.
  • Apple launches new iPhone and iPad Air as it gears up for a major AI push.

yahoo! finance:

  • Trump’s Iran war adds potential shock for US economy, voters.
  • US stocks tumble after Iran attacks jolt markets.
  • Oil soars as Mideast strikes stall Hormuz tanker traffic.

Iran conflict sparks talk of a return to $100-a-barrel oil and a Strait of Hormuz standstill.

Global Indexes

S&P 500

After dipping way below the S&P 500 climbed back to close just below its 50 DMA resistance.

DAX

The DAX reacted with a breakaway gap to close with a high wave candle in reaction to the Iran conflict.

HANG SENG

The HANG SENG continued its negative trend with a 2.1% correction.

NYSE & NASDAQ Stocks

Estee Lauder Companies

EL made largest correction for the day. Notice where Frontrunner broke down.

NVIDIA Corporation

After touching its 200 DMA support NVDA made an engulfing bull candle to close positive for the day.

JSE Stocks

JSE All Shares

The JSE All Shares reaction to the conflict was a negative piercing candle.

Anglo American PLC

After touching top resistance 3 times AGL bounced down.

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.

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