TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Trump suggests Iran ready to end war as Tehran sees no talks.
- Oil market set for tumultuous week as Kharg attack raises stakes.
- US waiver frees up 19 million barrels of Russia oil for purchase.
- Economists see two Fed 2026 rate cuts and reveal worries over chair nominee Warsh.
MarketWatch:
- US stock futures, oil prices bounce around as investors weigh developments in Iran conflict.
- Energy company’s stock is rallying as Trump invokes 1950 powers for offshore California drilling.
- S&P 500 and Nasdaq face a lost decade as 2000 dot-com bubble parallels turn real.
yahoo! finance:
- Trump demands help from other countries to secure Hormuz.
- Judge throws out subpoenas in Federal Reserve criminal probe.
- Report: Trump admin to receive $10B fee for brokering TikTok deal.
- Exclusive-Meta planning layoffs as AI costs mount.
Chip makers face a looming shortage of a key ingredient if the Iran conflict drags on. A critical Fed meeting, $100 oil, and Micron earnings the week ahead.
Global Indexes
S&P 500
The S&P 500 is still heading lower with important support at 6530 and its 200 DMA.
DAX
After the doji the DAX made an uncertain long-legged high wave candle.
HANG SENG
The HANG SENG closed below its 200 DMA support with strong support at 25200.
NYSE & NASDAQ Stocks
Micron Techology Inc
MU is going against the overall corrections and on its way to test top resistance.
Exxon Mobil Corporation
If XOM starts to correct from its current level it could be forming a head and shoulder formation.
JSE Stocks
JSE All Shares
The JSE All Shares is following global markets downwards with an unconfirmed divergence in place.
Sasol Ltd
Sasol reacted with the current Brent price with a gap. We will have to see if this is an exhaustion gap?
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.
