TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Shockwave of war is rippling through the global economy.
- Lagarde says ECB well placed to handle war risks as rates held.
- Powell staying at Fed goes against historic norms, Bessent says.
MarketWatch:
- US stock futures dip as Trump and Iran trade threats against civilian infrastructure.
- Saudi Arabia has a workaround for the Hormuz crude-export standstill. It may not be enough.
- Tesla’s push to expand its self-driving technology hits another speed bump.
yahoo! finance:
- Stocks sell off to end another brutal week as Iran war rages.
- United Airlines to cut 5% of scheduled flights as fuel prices soar.
- Jury finds Elon Musk misled investors during Twitter purchase, absolves him of some fraud claims.
Global markets are in free fall mode as war in Iran continues. Trump and his advisers miscalculated Iran’s response to war.
Global Indexes
S&P 500
The S&P 500 is now in free fall mode below its 200 DMA.
DAX
Similar for the DAX.
HANG SENG
Important support for the HANG SENG is still holding with another uncertain high wave candel.
NYSE & NASDAQ Stocks
Super Micro Computer Inc
SMCI plummeted 33.2% for the day following news that federal prosecutors indicted a co-founder and two employees for illegally smuggling $2.5 billion worth of AI servers containing NVIDIA chips to China.
Bank of America Corp
BAC is very uncertain of what happens next with 7 uncertain candles in 11 days.
JSE Stocks
JSE All Shares
The JSE All Shares still managed to close above its 200 DMA support.
Sasol Ltd
Sasol is showing signs of breaking down, but who knows what happens next in the Iran war?
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.
