TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Iran war oil shock threatens to unleash wave of global inflation.
- Spain reiterates US can’t use its bases for Iran war.
- Trump says US to provide insurance, escorts for oil tankers through gulf.
MarketWatch:
- China lowers its economic growth target for 2026 as ‘problems and challenges’ loom.
- Prices to charter large oil tankers soar as Strait of Hormuz traffic grinds to a halt.
- The stock market’s wild swings are sending a message about the escalating Iran conflict.
yahoo! finance:
- Surging oil prices ‘may bite the hands’ of the Fed.
- Nvidia’s Huang suggest end of investment in OpenAI, Anthropic.
- Airline troubles mount as global flight cancellations to 23,000.
Oil could hit $100 if volumes from key passageway Strait of Hormuz don’t ramp soon, says Goldman Sachs.
Global Indexes
S&P 500
Volatility continues as the S&P 500 bounce to close on its EMA8 resistance.
DAX
The DAX made a piercing candle to close above its 200 DMA. (Hanging on for dear live)
HANG SENG
The HANG SENG dipped below its 200 DMA support, but is trading today above it again.
NYSE & NASDAQ Stocks
Meta Platforms Inc
META was not seriously affected by the Iran war and managed to close above its 50 DMA.
Bank of America Corp
BAC is on important support and is trying to close above its 200 DMA.
JSE Stocks
JSE All Shares
The JSE All Shares is also struggling to stay above its 50 DMA support.
Northam Platinum Holdings Ltd
NPH used its 50 DMA for a strong bounce.
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.
