TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Iran’s parliament passes bill imposing tolls on Hormuz.
- Bessent says US to ‘Retake’ Hormuz Strait control, eyes escorts.
- Trump renews threat on Iran energy sites if Hormuz stays closed.
- The Strait of Hormuz oil shock is now heading west.
- Gulf Countries’ frustration with the US grows as war wears on.
MarketWatch:
- Stock futures jump, oil prices retreat on report Trump willing to end war.
- US stocks are faring worse than during past geopolitical shocks – and there’s plenty of room for them to fall further.
- The market’s wobble amid Iran war has left world-beating US stocks ‘ extremely cheap,’ says Bill Ackman.
- Trump social-media post indicates US is in ‘serious discussions’ with Iran.
yahoo! finance:
- US stock futures soar as Trump states war may end with Hormuz shut.
- US Stocks rise ahead of shortened week and jobs report.
- Iran’s grip on Hormuz is tighter than ever after a month of war.
President Donald Trump threatened to destroy Iran’s energy infrastructure if no deal is reached to end the war there, while also hailing talks as productive. Markets remain volatile with all the Iran war uncertainty.
Global Indexes
S&P 500
The S&P 500 has now formed the top right corner of an eclipse with its correction. This is usually a sign of correction exhaustion.
DAX
The DAX made a piercing candle.
HANG SENG
The HANG SENG is stiil in correction mode, but closing near the high of the day.
NYSE & NASDAQ Stocks
Exxon Mobil Corporation
XOM made an inverted hammer to signal a possible high. Notice the volume increase as profit taking stepped in.
ServiceNow Inc
NOW tested bottom support again with a bounce in extreme oversold territory.
JSE Stocks
JSE All Shares
The JSE All Shares also made a piercing candle in the form of a hammer candle. Notice that Frontrunner has broken up and that the MACD is on the verge of turning green.
Impala Platinum Holdings Ltd
IMP bounced on its 200 DMA support after building a strong launching platform with 7 touches.
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.
