TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Fed’s Daly says labor market weakness shows risks persist.
- Fed’s Waller doesn’t see sustained inflation from Iran war.
- Iran says it will strike US, Israel-linked ships in Strait of Hormuz.
- Iraq oil output plunges about 60% as Iran war block tankers.
MarketWatch:
- Dow futures sink more than 1,000 points, oil prices surge 30% as Iran conflict rages.
- Crude-oil haven’t been this overbought since 1990. That doesn’t mean the rally is over.
- Four companies including AI and data-center plays, are joining the S&P 500 index.
- Oil prices are soaring. Will that help Tesla and others sell more EVs?
yahoo! finance:
- The Fed is ‘between a rock and a hard place’.
- US oil prices notch biggest weekly surge since at least 1985.
- Trump scrambles to address gas prices at highest ever on his watch.
- Japan, France, Canada work on alternatives to US-led trade bloc for rare earths.
WWIII fears in Middle East intensify as Iranian cleric issues frightening threat to Trump. US Senate gives Trump free rein in Iran. A weak jobs report quashed the notion that the labor market is stabilizing. Brent crude continue to spike, topping $110 a barrel.
Global Indexes
S&P 500
The S&P 500 made another uncertain high wave candle while making an abc correction.
DAX
The DAX corrected further with divergence in place in oversold territory.
HANG SENG
The HANG SENG made a bullish candle after the inverted hammer candle in oversold territory. It managed to close above its 200 DMA, but still below the shorter-term averages. It tumbles with global market this morning.
NYSE & NASDAQ Stocks
Caterpillar Inc
CAT closed on its 50 DMA support with a doji in extreme oversold territory.
Bank of America Corp
BAC made a downwards gap (exhaustion gap?) away from its 200 DMA resistance with a long-legged hammer candle.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower breaking its 50 DMA support.
Sasol Ltd
SOL is still trending higher following the brent price ($92.87 / barrel on Friday).
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.
